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Are Hoteliers Paying More than their Fair Share of Real Property Taxes in D.C.?

Altus Group State & Local Tax and Advisory and the law firm of Arent Fox LLP hosted a three-part podcast series that was designed to help hoteliers ensure that they are not paying more than their fair share of real property taxes.

The real property tax assessments landscape for hotels in the District of Columbia can be highly complex and challenging.

In addition to the challenge of operating a profitable large hotel in this competitive market, higher real property tax assessments and tax bills issued by the District of Columbia are also becoming a major issue.

Also, the assessment of hotel properties is quite different from, and more difficult than, the assessment of other commercial properties – a fact that even the most sophisticated hotel owners sometimes do not appreciate. The result can be an over assessment or uneven assessments of hotels in the same competitive set.

Part One: Real Property Tax Assessment Challenges and Opportunities for D.C. Hotels

In the first podcast panel, we are joined by David C. Lennhoff, a Director with Altus Group, and Ralph A. Taylor, a Partner with Arent Fox, who provide an introductory summary of valuation in general, as well as insights into hotel-specific valuation.

Listen to the full podcast of part one here:

Part Two: How D.C. Assesses Real Property Value of Hotels

In the second podcast panel, we were joined by David C. Lennhoff, a Director with Altus Group, Ralph A. Taylor, a Partner with Arent Fox, and Jeremy Chitlik, a Senior Manager at Altus Group. Among the topics discussed, they offer insight on the importance of hotel owners in the District of Columbia to fully understand the valuation methodologies employed by the District’s Office of Tax and Revenue (OTR).

Listen to the full podcast of part two here:

Part Three: How To Appeal Hotel Real Property Tax Assessments In The District of Columbia

In the third podcast panel, we were joined by Matthew Wright, a Partner with Arent Fox, Ralph A. Taylor, a Partner with Arent Fox, and Jeremy Chitlik, a Senior Manager at Altus Group. These tax appeal professionals map out the actual steps that hotel owners must follow to pursue administrative or judicial appeals of a real property tax assessment in DC.

Listen to the full podcast of part three here:

We would like to thank all of our participants, especially Ralph Taylor and Matthew Wright of Arent Fox LLP, for taking the time to offer their in-depth knowledge about the D.C. marketplace.

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Jeremy ChitlikChitlikbu-state-local-tax real-property-taxfinancial-due-diligencedata-center-taxationdevelopment-due-diligencetysons

Senior Director, Property Tax

Last updated on September 12th, 2019 at 01:29 pm

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