Property Tax Reduction
We represent over 1,000 hotels. Our proprietary methodology has achieved superior tax savings for hotel owners.
Cost Segregation Studies
Cost segregation BOTH reduces and defers state and federal income taxes. Full compliance
with IRS rules.
“We wrote the book – really!” “What you need to know about Personal Property Valuation was written by a company president, Patrick O’Connor, MAI
Start with your free property tax analysis to see your potential savings
Why Use O’Connor
We Understand the law
Most State laws excluded intangible assets such as the value of your hotel flag franchise from ad valorem taxation. In addition, hotel FF&E is NOT taxable when value is based on the income approach.
O’Connor & Associates is not only one of the largest property tax consulting firms, but is also one of the largest commercial appraisal firms. The combination of hundreds of analysts and a team of appraisers produce the most extensive research and equip our consultants with the most comprehensive evidence for tax appeal hearings. Few consultants can compete with O’Connor’s superior advantage.
Clients can communicate directly with our consultant or account executive for all your needs without going through an operator.
While many consultants tend to settle easily, due in part to lack of knowledge in hotel valuation, O’Connor consultants aggressively pursue lower values through multiple rounds of appeals if supported by solid evidence.
Customized Hotel Appraisal
To support a judicial appeal, as well as some administrative appeals, O’Connor will order an independent MAI appraisal report customized for hotels which separates real property value from intangible assets and FF&E at no cost to our clients.
In the event we recommend judicial or State Board appeals on your behalf, we pay for all filing fees, legal fees, appraisal fees, expert witness fees, etc. Our contingency fees are very competitive; among the lowest in the industry. You pay NOTHING unless we save you MONEY!
The valuation of lodging facilities is a highly specialized art and is one of the most challenging tasks for appraisal districts as well as for property tax consultants. O’Connor’s hotel specialists have derived a proprietary methodology to measure Intangible Business Enterprises Value for each hotel flag. It also effectively brings the value of newly completed hotels significantly lower while other consultants failed.
Commercial Property Tax Relief
O’Connor saves clients collectively millions every year! As the largest property tax consulting firm in the US, based on the annual number of appeals, our team saves our clients millions of dollars every year in property taxes. Our licensed tax agents and administrative support team help you as a commercial property owner by filing personal property renditions, reviewing tax statements, protesting over-assessed property values and attending informal tax hearings and appraisal review board meetings. O’Connor has become a proven leader in aggressive property tax reduction, pursuing every legal avenue to protest and lower your taxes:
- Informal hearings
- Appraisal review board (ARB) hearings
- Judicial appeals
Our staff achieves better results than is typical for most firms. We attempt to reduce your property taxes for each property every year, even if the value did not change!
Providing Your Comprehensive Hotel Property Tax Reduction
Solution in 50 States
Benefits of a Hotel Cost Segregation Study
- Increase in cash flow
- Deferral of Federal Income Taxes
- Reduction in current tax liability
- Ability to recapture past years
Here’s How OUR Process Works
First we seek to understand the client’s needs and magnitude of tax pain and review properties available for cost segregation.
O’Connor works closely with you and/or your CPA or financial/tax manager to collect existing data and documents regarding the subject property.
An appraiser inspects the property to identify eligible items, then calculates their value and allocates each to its correct depreciation life, per IRS rules and Federal Tax Courts decisions.
O’Connor has meant SAVINGS for business! We can do the same for yours.
“Amazing job. You are the only consultant who figured out how to bring down the value significantly for new hotels valued on cost approach.”
- President of a hotel group that owns and operates over 30 hotels
“I have changed tax consultants every year until O’Connor & Associates got me the kind of tax savings and personal service I never had before.”
- Owner of multiple premium brand hotels
“Excellent presentation. This is the first time we have heard such a thorough presentation regarding the intangible business value of a hotel. We learned a lot today.”
- Chairman of an Appraisal Review Board and its members after a hotel hearing granting significant reduction
“Great job. How did you achieve such a big reduction without presenting financials?”
- Director of one of the largest hotel REITs in the nation, operates over 100 premium brand hotels
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