Should property operating under the flag of a recognized hotel chain face the penalty of a higher tax bill over hotel property in the same city with similar age, size and construction quality?

Uniform appraisal standards and various state-tax authorities say that it should not. After all, tangible real property is assessed, not intangible personal property. Moreover, in the last 10 to 12 years, several courts have handed down opinions that intangible value must be excluded from the real property's value. Read More