Hospitals & Freestanding Medical Facilities Property Tax Protest Services

BTA's Team Offers Property Tax Expertise in:

  • Hospitals
  • Surgery Centers
  • Medical Urgent Care
  • Veterinary Clinic

Process for Hospitals & Freestanding Medical Facilities

Hospitals & Freestanding Medical real estate typically includes valuations on both land and improvements/structures that are used to provide medical and pharmaceutical services to patients.

For appraisal purposes, a county appraisal district (CAD) typically subdivides Medical and Hospital buildings into the categories shown above based on their highest and best use. A CAD will derive two different values when appraising a property: Market Value and Equity Value.

The most common strategy used to determine Market Value for Medical and Hospital real estate is the Cost Approach including any evidence of new construction or remodeling. Cost Approach can also be supported by the Sales Approach where market data and comparable sales in the area point to a lower value.

The Equity Value, also known as Uniform and Equal, is based on the CAD’s valuation of Comparable Properties and can also be used to fight for a lower value.

Bettencourt Tax Advisors, LLC has an experienced BPP team that can provide Business Personal Property tax services, too.

Contact us for more information on how BTA can help you lower your property tax values.

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