Assume that an office building typically yields a net income of ($1.5) million per year. The county

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Assume that an office building typically yields a net income of \($1.5\) million per year. The county has assessed the building at \($20\) million, based on the price of comparable buildings sold in the area. Assuming a discount rate of 10%, what alternative value might you assert for property tax purposes?

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State And Local Taxation Principles And Practices

ISBN: 9781604270952

3rd Edition

Authors: Sanjay Gupta, John Karayan, Joseph Neff, Charles Swenson

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