OC-10, Advanced Real Estate Taxes
September 17 @ 1:45 pm - 3:15 pm
You understand how to verify your property taxes, use parcel maps, and find important information from the assessor data. This advanced course will build on that knowledge and identify the various charges that often qualify as “taxes” under your lease. We will discuss the rationale for including or excluding various charges: non-ad valorem assessments, special assessments, Mello-Roos, payments in lieu of taxes, development fees, rent taxes, income taxes, and utility charges. We will explore lease language tips, tricks, and pitfalls. We will identify state-specific issues like margin taxes, Prop 13/Prop 8, and others. We will illustrate how CAM language can impact your tax bill and provide a windfall for your landlords, and unexpected expenses for tenants. Finally, we will consider how these issues translate to validating your bills.