It's simply a fact. Over 90% of all Golf Courses and Private Clubs, across the country, are Paying Too Much
Property Tax!
Property Tax!
Click HERE to read article reprinted from Golf Business Magazine
Click HERE to read 2001 article reprinted from Golf Inc. Magazine
Helping You Determine Your "Fair" Share
"The amount of average reduction in value and ultimately in taxes is about 35 to 40 percent returned to the taxpayer".
- Jeff Monroe
President and Founder, TPS
- Jeff Monroe
President and Founder, TPS
When property taxes are due, most golf courses just pay up and hope they aren't paying too much. Often times, they are paying too much........ a lot too much, without knowing it!
Why?......... Because most "special use" properties such as golf courses and country clubs are routinely being overvalued and overtaxed!
Assessment authorities almost universally rely upon the "replacement cost approach" for valuation purposes. Within this approach little or no consideration is given to such issues as income, market conditions, value transfer, business value, intangibles, or personal property contribution to overall value.
Few assessment authorities have established appropriate guidelines for the valuation of special or limited use properties, such as golf courses and country clubs.
It's NOT enough to claim "not fair" to the board or rest your case on recent decisions like "Fun Time Inc."
You MUST meet your burden of proof and provide indisputable, tangible support.
Integrating the unique appraisal of the golf property, with proper and accepted accounting principles, is the "tricky part" It has to be done accurately and correctly (the first time) , to hold up in front of either the board or in tax court.
Most Appraisers, CPAs, and Attorneys are very good at what they do. Special Use Property Appraisal, for ad valorem property tax issues, is just "NOT" what they do on a regular basis.
That's where Golf Tax can help. Partnering with experts in the field of special use property appraisal, we work to educate local authorities and introduce them to accepted guidelines and methodologies. This most often results in substantial tax savings for our clients.
Why?......... Because most "special use" properties such as golf courses and country clubs are routinely being overvalued and overtaxed!
Assessment authorities almost universally rely upon the "replacement cost approach" for valuation purposes. Within this approach little or no consideration is given to such issues as income, market conditions, value transfer, business value, intangibles, or personal property contribution to overall value.
Few assessment authorities have established appropriate guidelines for the valuation of special or limited use properties, such as golf courses and country clubs.
It's NOT enough to claim "not fair" to the board or rest your case on recent decisions like "Fun Time Inc."
You MUST meet your burden of proof and provide indisputable, tangible support.
Integrating the unique appraisal of the golf property, with proper and accepted accounting principles, is the "tricky part" It has to be done accurately and correctly (the first time) , to hold up in front of either the board or in tax court.
Most Appraisers, CPAs, and Attorneys are very good at what they do. Special Use Property Appraisal, for ad valorem property tax issues, is just "NOT" what they do on a regular basis.
That's where Golf Tax can help. Partnering with experts in the field of special use property appraisal, we work to educate local authorities and introduce them to accepted guidelines and methodologies. This most often results in substantial tax savings for our clients.
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Click HERE to read another article reprinted from Golf Business Magazine