Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board leaves two hotel assessments unchanged after review of sales and expense assumptions
Summary
Appeals for two hotels—parcel 104G2 (43 Covenant Drive) and 078 E 8 (1890 Evelyn Byrd Avenue)—were heard; after discussing occupancy, operating-expense ratios and available hotel sales comps, the board voted to leave both assessments unchanged.
The Board of Equalization heard appeals from owners or representatives for two hotel properties: tax parcel 104G2 (43 Covenant Drive) and tax parcel 078 E 8 (1890 Evelyn Byrd Avenue). Assessor staff and the board discussed recent market sales, occupancy assumptions and operating-expense ratios used in the income approach for hotels.
Staff said the office used a consistent…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
