SHC Half Moon Bay, LLC v. County of San Mateo

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May 22, 2014

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7011 Hotels and Motels
721110 Hotels (except Casino Hotels) and Motels
state taxation (incl. ad valorem)
goodwill, cost approach, income approach, intangible assets, appraisal, market value, deduction, property tax, purchase price
SHC Half Moon Bay, LLC v. County of San Mateo
2014 Cal. App. LEXIS 446
US
State Court
California
Court of Appeals
James A. Gavin, Duff & Phelps (plaintiff/appellant); Thomas E. Callahan, First Service PKF Hospitality (defendant/respondent)
Jones

Summary

Appeals court says assessor’s version of income approach to determine hotel property taxes violates law because it does not identify, value, and exclude certain intangible assets; but management fee deduction largely captures hotel’s goodwill.
SHC Half Moon Bay, LLC v. County of San Mateo
PDF, Size: 239 KB

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August 2014

Appeals court says assessor’s version of income approach to determine hotel property taxes violates law because it does not identify, value, and exclude certain intangible assets; but management fee deduction largely captures hotel’s goodwill.