Q: Hotels revenue dropped 69% in 2020, how come my 2020 property taxes did
not go down?
A: Most states value properties as of January 1st. Since 1/1/20 was prior to Covid-19 and valuation was based on 2019 revenue, no COVID impact was factored in 2020.
Q: In that case, if 2020 revenue dropped 69% and Net Operating Income (NOI) dropped 90%, will 2021 property taxes also be dropped by 69% to 90%?
A: Contents needs to be provided.
Q: In that case, what can we expect 2021 tax assessment value be?
A: Contents needs to be provided.
Q: So, how will tax consultants do to help reduce hotels’ 2021 property taxes?
A: Contents needs to be provided.
Q: What can O’Connor do differently?
A: Contents needs to be provided.
