Consumer Surplus vs. Market Value in Hotel Appraisals
Why Some Appraisers Confuse Consumer Surplus with Property Value in Hotel Appraisals Introduction Many hotel appraisals overestimate personal property value. This seems to occur mainly in appraisals prepared for property tax appeals. Perhaps not coincidentally, hotel owners in certain taxing jurisdictions benefit when more of their overall hotel value is classified as personal property (e.g. …
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