Why?  Because most "special use" properties such as golf courses are being overvalued and overtaxed.

Golf course properties and country clubs fall into the category of "special use" or limited market properties, and such properties are almost always overtaxed because they are almost always overvalued.  They are overvalued generally for two reasons:

1. Assessment authorities almost universally rely upon the replacement cost approach for valuation purposes.  Within this approach little or no consideration is given to such issues as value transfer, business value, intangible or personal property contribution to overall value.  These errors can result in more than a doubling of the economic value of a special or limited use property.
   
   
2. Few assessment authorities have established appropriate guidelines for the valuation of special or limited use properties such as golf courses and country clubs.

For a detailed outline of the issues involved in the assessment process, click here to run through our PowerPoint presentation.

While we wish we could say that appealing such valuations is like "shooting fish in a barrel," it's a highly complex undertaking, and there is no short supply of overvalued properties.  It's just what we do.