Hotel B
The distance between the assessment and the concluded taxable value
the assessment = 100
Value as listed by the assessor
180Value as assessed by the assessorthe assessment
100Market value of the going concern
87Concluded taxable valueafter FF&E and intangibles are removed
60 From the appraisal. Every money figure indexed: the assessment = 100. Source: the assessor's listing and roll; Horwath HTL conclusions.
Selected tests from the battery: taxable value against the assessment
the assessment = 100
The model's projection, without the appraiser'sbeyond the record
71The appraisal's own projectioninside the record
60Departmental costs alone at the peers' 25th percentileevery other line as projected; inside the record
99Every banded cost line at the peers' mediandepartmental and undistributed alike; inside the record
106 From the appraisal: four of the battery's 41 tests, taxable value indexed to the assessment = 100. Teal: inside the hotel's record; navy: beyond it.
From the appraisal. Every money figure indexed: the assessment = 100. Source: the assessor's listing and roll; Horwath HTL conclusions.| Row | Detail | Value |
|---|
| Value as listed by the assessor | | 180 |
| Value as assessed by the assessor | the assessment | 100 |
| Market value of the going concern | | 87 |
| Concluded taxable value | after FF&E and intangibles are removed | 60 |
From the appraisal: four of the battery's 41 tests, taxable value indexed to the assessment = 100. Teal: inside the hotel's record; navy: beyond it.| Row | Detail | Value |
|---|
| The model's projection, without the appraiser's | beyond the record | 71 |
| The appraisal's own projection | inside the record | 60 |
| Departmental costs alone at the peers' 25th percentile | every other line as projected; inside the record | 99 |
| Every banded cost line at the peers' median | departmental and undistributed alike; inside the record | 106 |
Horwath HTL — When an assessment asks a hotel to do what it never has 2026