What Amendment 3 Would Change Florida’s Amendment 3 offers residents the opportunity to change how the state taxes real property. Though there is not currently consensus on how that will impact property owners and local government, we at RealAdvice thought we could at least help with one part of the
By Alexis Vennes For anyone navigating purchase price allocation in multifamily acquisitions, Fannie Mae’s recent update to its Seller/Servicer Guide is the most recent validation this methodology has received since Freddie Mac added their guidance in 2024. RealAdvice applauds the upgrade, which marks an important step forward for multifamily real
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 of your residence, limits growth of that value to 3%
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 federal guidelines enforced by the Federal Emergency Management Agency (“FEMA”)
Do income producing properties have an intangible asset income producing component? This question is explored for the landmark merger between Fox and Disney.
As a property owner’s biggest operating expense line item, underwriting property tax liabilities as part of pre-acquisition investment due diligence or operational budget forecasting and control is challenging, as evidenced by the magnitude of the consulting industry. Complicating matters since 2010, 69 municipalities across the US (680 since 1937) have
By Todd D. Jones, MAI, CRE, FRICS and Michael J. Mard, CPA/ABV, CPCU Note to reader: This article is third in a series of columns addressing The Role of Property Tax in American Government culminating in the generally accepted methodology of the real estate appraisal, business valuation and accounting industries
By Todd D. Jones, MAI, CRE, FRICS and Michael J. Mard, CPA/ABV, CPCU Note to reader: This article is second in a series of columns addressing The Role of Property Tax in American Government culminating in the generally accepted methodology of the real estate appraisal, business valuation and accounting industries
By Todd D. Jones, MAI, CRE, FRICS, and Michael J. Mard, CPA/ABV, CPCU Note to reader: This article starts a series of columns addressing The Role of Property Tax in American Government culminating in the generally accepted methodology of the real estate appraisal, business valuation and accounting industries reconciled and
By Joryn Jenkins, Esq. and Michael J. Mard, CPA/ABV. In Part One of this series, we discussed how Daubert has increasingly replaced Frye as the standard for admitting expert scientific testimony in trials. As more and more states adopt Daubert, courts increasingly prohibit the admission into evidence of pure opinion
by Michael J. Mard, James R. Hitchner, and Steven D. Hyden Michael Mard and co-authors have authored what is recognized as one of the most essential textbooks on the topic of measuring and reporting of fair value in financial statements. Now in its third edition, it provides proven guidelines, case