Fairlawn, OH. (February 21, 2008) – Rosemont Country Club in Fairlawn, Oh, has chosen Golf Tax, LLC (GT) to determine whether their property’s valuation and subsequent real estate taxes are accurate and fair. (GT), an Ohio company, has partnered with a nationally recognized leader in golf course valuation, Tax Profile Services, Inc, based in Denver, Co. (TPS). GT and TPS are providing golf courses nationwide a dynamic and affordable service designed to ensure golf course owners are paying their “fair” share of property taxes, and not a penny more.
GT and TPS accomplish this by using a comprehensive, time tested, and appeal tested methodology, resulting in a much more accurate assessment of golf course realty than has ever been possible. GT and TPS offer a “proactive” approach, providing local taxing authorities an alternative to the “replacement cost” method for valuing golf property. They introduce a valuation method that identifies and segregates all the various components that make up the realty and non-realty of a golf course. This more often than not represents a significant tax savings for the client.
IT’S SIMPLY A FACT. OVER 90% OF ALL U.S. GOLF COURSES ARE VALUED INCORRECTLY AND PAYING TOO MUCH PROPERTY TAX……….VERY OFTEN A LOT TOO MUCH!
Why? … 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 value transfer, business value, intangibles, local market conditions, or personal property contribution to overall value. The bottom line is that course owners aren’t asking for a tax “break”, but they are asking that their courses be valued fairly and accurately.
Some owners try to get relief on their own and usually either fail to gain relief, or are granted short lived, “token” relief to get them to go away. It’s not enough to plead "not fair" in front of the board……… You MUST meet your burden of proof and build a prima facie case PROVING that your property valuation is incorrect. (That’s the tricky part).
What sets GT apart is that they are represented by one of only a handful of nationally recognized experts in the field of special use property appraisal, specializing in golf course tax issues. Most attorneys, accountants, and appraisers, are very good at what they do………….. But special use property appraisal for ad valorem property tax considerations is just NOT "what” they do on a regular basis.
The ultimate goal of GT and TPS is to build a strong case, at the local level, to pave the way for statewide legislation. Jeff Monroe, also founder and past Executive Director of the Colorado Golf Course Owner’s Association, has been consulted on successful legislative efforts in several states. An important key to their success has been when numerous owners can show the legislature that they have used the current system availed to them to gain relief …..(informal and formal appeals). This shows the legislature two things. #1 Course owners are concerned and willing to act. #2 The current method of appraisal is not accurate or fair. Without this, getting new legislation enacted is much more difficult, if not impossible.
By acting now, either through informal or formal appeals, owners are working towards gaining both immediate and long-term relief. Relief that is sorely due.
Visit www.ohiogolftax.com or www.golftax.com
Contact:
Golf Tax, LLC Main Office 937-768-4653
info@ohiogolftax.com or monroe@golftax.com
