Depreciation for Property Owners Now Need Appraisals

Posted on September 06, 2017

A recent case settled in the U.S. Tax Court has far-reaching implications for owners of commercial real estate. Essentially, the court concluded that while an owner may testify as to the value of their entire property, he or she does not have the qualifications required to allocations of property value between land and improvements allocate the value of property between land and improvements.

As a result of this ruling, property owners must take extra steps to engage the services of a professional appraiser to substantiate values used for tax depreciation purposes.  An experienced real estate professional can provide essential guidance and complex tax regulations.

The professionals with Orion Real Estate Group work with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email


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