By Kevin Herzberg
When you structure a Purchase Price Allocation on a Florida commercial real estate deal, one question occasionally arises: when I assign value to tangible personal property (TPP) inside the PSA, will I create Florida sales tax exposure …
By Bradley S. Tennant, CRE, Esq.
Many states have mechanisms that limit changes in assessed values for property tax purposes, which in turn limits how much owners pay in property taxes. Florida’s homestead exemption, which applies to the assessed value …
By Bradley S. Tennant, CRE, Esq.
After Hurricane Helene destroyed entire neighborhoods across the Gulf Coast of Florida, an intangible consideration moved front and center for many whose homes had been flooded – the FEMA 50% rule. Put simply, under …