Some Hotels Seeing Dip in worthE
SolIle
seel~g
dip,. ill
worth
Property values
drop afterSept. Ill
BY DOUGLAS HAI~F,,S IH
$19 million decrease On its
$19 million worth ~
the resort,< NikolitS
Broward and Miami-Dade 0fillets
declined to divulge ~ eStimate~Ot
Property values!dip
[or some area:hotels:
specific. properties. Those
assessments will become pub~
lic once submitted to state
ciajs ~n July, and pmpe~y
owners will have several
~mhs to make their case for
1o~ appr~s.
J?e Zd~owicz, Brbward's
~ appr~ser, s~d ~Y of the
C~et hotels and motels off
t~ ~each ~e retaining their
~ues, which should lead to a
~t or even slight increase
~ over~i worth of Bro ward
r~rt induSt~, In Miami-
D~eJacobs said tM county's
~ls W~ r~ort a net deCl~e
in Values, but he declined to
quantify it.
South Beach hotel owner
Alan Lieberman said he pays
nearly $500,000 on the seven
boudque hotels he owns,
including the Chesterfield and
The Lily Guest House. He says
business was so hot in 2000
that his taxes went up 20 per-
cent last year. Now, wit~ prof-
its dOWn 50 percent, Liebet-
man wants Lhat tax hike erased
to compensate for the indus-
try's abrupt decline after SepL
11.
,I usually pay my taxes in
October or NoVember," he
said. "But this year, I couldn'L'