Assessment Valuation of big box stores seems to create many challenges for assessing authorities and taxpayers. In recent years there has been extensive litigation throughout the United States and Canada dealing with the appropriate valuation methodology for these properties. A few American states have revised their property tax laws in an attempt to regulate valuation methodology for these properties. This Webinar will explore the challenges associated with the valuation of these properties and discuss the Canadian experience. The panelists will discuss their perspectives on valuation, including selection of comparable properties for the derivation of fair market rents - Issues of a relationship between development cost and lease rates, whether cost-based leases represent market rent and what is the correct economic life of a big box store will be discussed.
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