Managing Your Club's Real Estate Tax Assessment

March 7, 2019 | 2 p.m. ET

Club leaders and managers will gain an understanding of the elements and procedures involved in managing their club's real estate assessments to a level where they can make sound decisions on pursuing real estate tax assessment appeals. This 60-minute program will include a discussion of:

• Definition & Concept of market value
• Approaches to value
• Approaches to contesting your assessment
• Jurisdictional differences
• The appeal process
• Highest and best use, and its impact on club assessments
• Cost vs. value and the not for profit club
• Valuation methodology for clubs
• The impact of memberships and personal property
• Discussion of case law examples

Plus Q&A with one of the private club industry's leading experts on club real estate appraisal and valuation.

Laurence A. Hirsh, CRE, MAI, SGA, president of Golf Property Analysts, has performed 3,000+ assignments in 45 U.S. states and beyond. He has authored many industry-related articles and manuscripts and is a frequent lecturer at seminars and conferences. Hirsh is also the author of the Appraisal Institute’s authoritative text on golf property valuation, entitled Golf Property Analysis and Valuation – A Modern Approach, published in 2016. Hirsh has developed a golf course and brokered more than $130 million in golf and club properties.