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Four Tips To Reduce Property Taxes For Hotels

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By Author: Hotel Property Tax Consultant
Total Articles: 6
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The Hotels are one of the highest-taxed assets in real estate. So you should understand how taxes are calculated and how tax consultants assist with property tax-related opportunities for your hotels. Below are four steps to reduce taxes for the hotel property.

Choose the right location
Contact local tax department
Understand the taxes law and procedure
Find the right tax expert

Choose the right location

Location plays an important role in real estate, so you should take that into consideration while looking for a new hotel property. If it is located in an unpopular city, you likely have trouble reselling it in the future, and also the taxes differ for every state. For example, Illinois and Texas have a high property tax rate.

Illinois property tax rate - 2.22%
Texas property tax rate - 2.11%

Contact local tax department

You can seek help from tax agents for a Hotel property tax protest to know everything about the best ways to appeal the existing property tax bill. Remember that you will ...
... be making your case with the district to lower your property’s assessed value as opposed to the current tax rate. It is ultimately helpful if you discuss with your local tax department.

Understand the taxes law and procedure

This is a major mistake all the people are into. Falling in love with a property and blindly paying too much without knowing the law and procedure. The buyers should think the property should meet their necessities and whether it comes under tax law or not, before overpaying for the property. Find out whether your investment has a high price tag, then start comparing similar properties in the area that have sold in recent times. There are lots of resources available online to know about tax law and procedure such as newspapers, government web portals, articles.

Find the right tax expert

When you're looking for a tax consultant, you should do some research about them and read their reviews, ask your friends and relatives. They will give suggestions about the right tax consultant. Once you select the right agents, you can do an interview with them, make sure that they have good experience with hotel property tax appraisals and how long they have been in the tax reduction industry. Any consultant you select must have knowledge of the commercial tax saving process. Ask their portfolio for how they saved taxes for previous commercial clients.


This is how you're protecting yourself from overpaying hotel taxes. The only way to protect yourself from overpaying hotel taxes is by following the law and procedure. So we would like to suggest O’Connor associates. They have 26+ years of expertise in providing commercial property tax services to hotels and will help you to reduce business hotel taxes.

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