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The Chinese city of Xiamen is preparing for the launch of a pilot real
estate tax as part of efforts to guard against major market
fluctuations, in the latest sign China is moving closer to adopting the
levy.
Long-discussed reforms such as property and inheritance taxes to tackle
a wealth gap are expected to gain momentum after President Xi Jinping
called for China to achieve so-called common prosperity. Read more
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A Walmart tax abatement appeal was continued until April by the Board
of Appeals on Jan. 24 after the megastore’s attorney and City Assessor
Larry Gardner agreed on the details of the data Walmart will release to
the city. Walmart appealed its 2021 tax bill last year but in September
of 2021 refused to release sales and lease data that Gardner had
requested.
Walmart seeks to cut the assessed value of the Ellsworth store from
$20.1 million to $10 million. At stake is as much as $180,000 in
property tax for 2017 and each year forward, if the state appeal is
successful, as the new assessment would be retroactive to fiscal year
2017. Read more
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IAAO NEWS
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Annual Conference registration opens in April
Registration for the
2022 IAAO Annual Conference will open in April. IAAO’s Annual Conference
is set for Aug. 28-31 at the Sheraton Boston and Hynes Convention
Center. IAAO Annual Conferences are the industry’s premiere event to
learn best practices, emerging technology, trends, and to connect with
others in the field.
The 88th annual
conference will offer a variety of education session presentation
choices, roundtable talks, panel discussions presented over the
three days.
The conference
headquarters hotel in downtown Boston is in the historic Back Bay
neighborhood and directly connected to the Hynes Convention Center.
The hotel is within easy walking distance of most of the city's famous
sights, including the iconic Fenway Park and the Museum of Fine Arts.
The early bird
registration fee is $730 for members and $925 for nonmembers and will be
available through Friday, July 15. Go to the conference page on the IAAO website for more details.
IPTI, IAAO to present virtual symposium on Mass Appraisal Valuation; Program topics sought
IAAO and the International Property Tax Institute will be working
together to host a virtual symposium on mass appraisal valuation,
“Applications and Challenges,” on June 22-23, and are seeking presenters to be included in the program.
The submission deadline is Feb. 28 and appraisal, valuation and
assessment practitioners, valuation/assessment agency managers,
municipal representatives, policymakers, technology professionals,
academics, and educators interested in sharing experiences and knowledge
relative to property tax policy and valuations, including innovations,
theory, application, management, and practices should apply. Symposium
registration will open in the spring. Read more
Deadline to apply for the 2022 IAAO Research Grant is Feb. 12
The application deadline for the 2022 IAAO Research Grant Program is
Feb. 12, and IAAO members, along with students and faculty, are eligible
to submit proposals. The IAAO Research Grant Program, formerly the
Academic Partnership Program, provides financial support for IAAO
members, students, and faculty to complete research in areas related to
property appraisal, assessment administration, and property tax policy.
Funding for each approved project will be between $2,500 and $5,000, and
grants are awarded for one year. Read more
Professional Development standard released for
30-day exposure
IAAO’s Board of Directors recently approved a revised version of
"Standard on Professional Development" for 30-day exposure to the
membership. The revised draft standard covers basic guidelines for the
professional development, education, and certification of assessing
officers, including appraisers, assessment managers, tax policy
administrators, mappers, and assessors; those who provide professional
or technical assistance to assessing officers; those who supervise or
review the work of assessing officers; and those who seek employment in
assessment administration. Comments on the proposed standard should be
sent no later than March 4 to Larry Clark (clark@iaao.org), IAAO Staff Liaison to the Research and Standards Committee. Read more
2022 in-person IEW set for Kansas City
Applications are being accepting for anyone interested in becoming an
IAAO instructor. The IAAO Professional Development Department, along
with the IAAO Education Committee, is offering the Instructor Evaluation
Workshop including auditions June 16-18 at the IAAO headquarters in
Kansas City. Accommodations will be a short walking distance to the
headquarters building. Those who pass the audition will be considered a
junior instructor and will be able to teach in the live classroom.
Bilingual applicants are encouraged to apply. Spots are limited, so
apply now by clicking this link. Registration ends April 8.
IAAO accepting applications for assessor position
IAAO is now accepting applications for the newly created position of
assessor. Focused on providing analysis of jurisdictions based on IAAO
Standards and best practices, IAAO seeks an initiative-taking,
member/customer-centric leader who has a strong background on all things
assessment administration and mass appraisal. The ideal candidate is a
visionary with the ability to execute actionable plans that positively
impact individuals and the industry. Innovative and creative, the ideal
candidate should also possess high-level communication skills, along
with demonstrable analytical and technical abilities, especially in
assessment administration and mass appraisal. The assessor is a member
of the Business Innovation Team, reporting directly to the Senior
Director, Business Innovation. This salaried, exempt position works
within IAAO’s Business Innovation pillar in our Association’s newly
approved strategic plan. Read more
GIS/Val Tech Conference is March 27-30
The 25th Annual GIS/Valuation Technologies Conference, March 27-30,
will be presented at the Hilton New Orleans Riverside hotel in New
Orleans. Jack Dangermond, founder and president of Esri, an
international supplier of GIS software, will be the opening keynote
speaker. Other keynotes include a presentation by John C. Finn, Ph.D.,
of Christopher Newport University, on "Geography of Segregation in the
21st Century," and a presentation by Water Wise Gulf South on ways to
advance green infrastructure.
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IAAO CONNECT CORNER
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IAAO Connect members are talking about the best cameras for use in the field. Read more
|  | AROUND THE INDUSTRY
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Detroit property values climb 30%, marking fifth straight year of growth, officials say
The Montana Supreme Court has left a constitutional ballot issue in
legal limbo, rejecting a plea from the group to intervene in a case
where a county judge has issued a temporary restraining order halting
signatures on a measure that would cap property taxes. Read more
Commercial real estate appraisers are finding challenges assigning
value to office properties due to massive uncertainty in the sector.
According to Lucas Rotter, founder and CEO of Valcre, “The pandemic has
created additional complexities for commercial appraisers assigning
value to office assets as uncertainty exists in the market.”
Destabilized occupancy and uncertainty around future office demand are
at the heart of the challenges. Read more
A bill introduced last week by Rep. Charlie Shepherd in the Idaho
Legislature aims to restore property tax reduction benefits to some
elderly and disabled Idahoans that are being booted from the circuit
breaker program.
Shepherd said his new bill is intended to fix a problem created last
year when the Idaho Legislature passed House Bill 389 into law. That
bill created a 125% median value limitation, which was expected to
result in about 4,000 Idahoans no longer being eligible for the circuit
breaker program in 2022, the Idaho Capital Sun previously reported. The
state’s circuit breaker program was designed to reduce property taxes
for elderly, disabled, or widowed taxpayers. Read more
The
push for casinos in Nebraska has continued into the new year. The rules
were passed by the Racing and Gaming Commission in December 2021. Those
rules are now waiting to be approved by the Attorney General and
Governor’s office, but Nebraska Horsemen Chief Executive Officer, Lynne
McNally expects this to happen sooner than later.
She said Lincoln is expected to receive about $3.5 million a year from
their racetrack after the gaming license is approved and Omaha $7
million a year. On top of the revenue expected from the casinos, the
property tax relief fund is expected to receive about $100 million a
year. Read more
State
lawmakers late last week advanced a package of bills aimed at reducing
property taxes in New Jersey, taking the first step toward delivering on
promises legislators on both sides of the aisle have been making in
recent months to make the state more affordable. Read more
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+ Fayetteville, North Carolina
Real Estate Appraisal Supervisor, Cumberland County Tax Administration See more
+ Fort Collins, Colorado
Appraiser I, Larimer County Assessor See more
+ Kissimmee, Florida
Commercial Appraiser, Osceola County Property Appraiser See more
+ Fort Wayne, Indiana
Senior Data Analyst, Allen County Assessor's Office See more
+ Poquoson, Virginia
City Real Estate Assessor, City of Poquoson See more
+ Friday Harbor, Washington
Statistical Analyst, San Juan County Assessor See more
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International Association
of Assessing Officers
314 West 10th Street
Kansas City, Missouri 64105
816-701-8100
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Keith Robison
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