Date archive: April 2013

Interstate Commerce and the “In Transit Property” Tax Exemption

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…

Contract Rent v Market Rent—A Tool to Exclude Intangible Value from ad valorem tax assessments

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…


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