I recently had a client whose corporate jet was hangared in State A for repairs as of State A’s annual property tax assessment date and remained there for 6 months after the assessment date. Client is not a citizen of State A, but does have some business interests there (unrelated to the corporate jet). State…
How do favorable rental rates in a lease agreement affect the value of real estate for tax purposes? If I appeal my tax assessment, should I show my lease to the assessor? What effect do rental rates in other lease agreements in the market place have on the value of my property? Questions just asked…