Lowndes Shareholder Jennifer Dixon was quoted in an Orlando Sentinel article published on August 7, 2020, discussing a controversial ruling that could have helped Disney and other hotel owners lower their property tax bills. She commented that the revised ruling acknowledged that the appellate court had gone too far in their original ruling, adding that the revised ruling may not be quite as powerful the ammunition that the original one would have been.
“I think that appraisers may still choose to use this appraisal method but, because of this case, they’re going to have to be extremely careful and they’re going to probably expect litigation to arise out of it,” Dixon said. “The court has signaled through this that the Rushmore method should be highly scrutinized on a case-by-case basis.”
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