Ok, this might be a dumb question but I can’t find an answer to this online (and I haven’t asked a broker). I am looking to purchase a hotel with a few shops underneath. The real estate is for sale for $2M and the hotel operating business is for sale for $1M (currently the hotel pays rent to the real estate entity). When calculating our future property taxes, should I use just the property value ($2M) or do I need to count both the hotel & real estate value in there ($3M)? Appreciate your support… any links are appreciated too so I can learn more about this.

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Thank you!