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Rent
is the new gas. Surging rent prices – instead of gas – are now hitting
consumers hard, according to data from Bank of America Institute. Median
rent payments for Bank of America customers increased by 7.4% year over
year in July, a slight pickup from 7.2% in June.
Increases were seen across all income groups, but middle income and
younger Americans saw the largest increases, the report said. Read more
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A woman accidentally bought a tiny town in Nevada with 86 lots when
buying her new house, the Reno Gazette Journal reported. The woman
bought a single-family house in a development in Spanish Springs on July
25 that was valued at $594,481.
She became the owner of 84 additional lots and two common spaces due to
a copy-and-paste error in the deed to the property. Read more
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At least $37 million in American Rescue Plan Act funding is expected to flow into north St. Louis neighborhoods.
Some long-time residents question whether officials
have done enough to hold negligent property owners accountable, and fear
that as government funds begin to flow, lax owners will cash in,
selling their properties to the highest bidder and reaping a reward
after years of dereliction and non-payment of property taxes. Read more |
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IAAO NEWS
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It’s countdown to the 2022 conference!
More than 1,500 people have registered for the IAAO Annual Conference
Aug. 28-31 in Boston, and registration is still open online or on-site.
More than 70 sessions are on tap. Full details, including session titles, times, and speakers are available on Research Exchange.
In-person attendees will have the opportunity to earn up to 12.5 credit
hours and 11.5 preselected credit hours will be available to virtual
attendees via the livestream. Optional Sunday sessions offer an
additional eight hours of credits for on-site attendees.
Also, nearly 50 exhibitors will be on hand in the Exhibit Hall during the conference.
The Local Host Task Force planned a sold-out trip to see the Red Sox
play at Fenway Park, and there is still one spot open for the Saturday
morning golf outing, where a player has a chance, with a hole-in-one, to
win a new car. IAAO appreciates all the
help from the Local Host Task Force as they are "rolling out the red
carpet" to welcome everyone to Boston.
When at the conference, look for the volunteers in the red shirts for
assistance in finding your way around. Remember to stop by the Exhibit
Hall on Monday from 4 to 5:30 pm for the Networking Hour, sponsored by
Nearmap. Also take part in the Freedom Trail Contest, sponsored by
Patriot Properties Inc., for a chance to win an iPad Pro.
• Information on the IAAO Annual Conference app will be available early next week, so keep an eye on your email.
Designees get private lounge at IAAO conference
For the first time, IAAO professional designees will be treated to a
private lounge during this year’s Annual Conference and Exhibition in
Boston.
Sponsored by Ecopia AI, the lounge will be open from 8 a.m. to 5 p.m. Monday through Wednesday.
Designees can retreat to the lounge to recharge with snacks, meet up
with each other, and find some surprises, including a memento only for
designees.
Designees are invited to a networking hour from 4:30 to 5:30 p.m. on Tuesday.
Membership renewals start in October; dues to increase slightly
IAAO membership renewals for 2023 start in October and at its July
meeting, the IAAO Board of Directors approved an increase of membership
dues by $15 across all categories.
This increase applies with the 2023 membership year and will be
reflected in the upcoming renewal period that begins in October.
The board cited rising costs associated with the continued delivery of
high-quality benefits for its members as the reason for the increase.
Registration opens for Legal Seminar Dec. 1-2
in Austin
Registration is underway for the IAAO Annual Legal Seminar Dec. 1-2 in
Austin, where attendees will hear from industry experts on legal topics
of interest to members of the assessment and property tax industry.
Full session descriptions and the seminar brochure will be available in
September. Early-bird discounted registration fees are $500 for members
and $700 for nonmembers. The seminar will take place at The Austin Omni
Downtown Hotel, where attendees may reserve rooms by Nov. 1 for $211
per night, based on availability.
IAAO will seek approval for continuing education credits for states if a
request is received by Oct. 1. IAAO professional designees can earn
recertification credit (13.5 hours) for attending the seminar. Read more
Instructor information webinar offered in September; IAAO hosting January IEW in Alabama
The
2023 IAAO in-person IEW will take place Jan. 9-11 at the Grand Hotel in
Point Clear, Alabama. To learn more about being an instructor, IAAO
members are invited to attend a free informational online seminar on
becoming an instructor from 1 to 2 p.m. Central on Thursday, Sept. 8.
Register at http://www.iaao.org/iewwebinar.
The three-day Instructor Evaluation Workshop is open to qualifying IAAO
members and will be held just before the inaugural conference of the
Alabama Chapter of IAAO. Those who pass the IEW audition will be
considered junior IAAO instructors and will be able to teach in the live
classroom. Anyone who speaks a second language fluently or with a high
degree of proficiency is encouraged to apply. To review the parameters
for the IEW and to apply, please access the IEW online application. Spots are limited, and the deadline to apply is Sept. 30.
Exposure draft of USPAP available for comments; 2020-21 version extended for additional year
The
Third Exposure Draft of proposed changes to the Uniform Standards of
Professional Appraisal Practice (USPAP) is now available for review and comment. The Appraisal Standards Board is accepting public comments until Sept. 24. To submit a comment, click here.
The Appraisal Foundation’s Appraisal Standards Board (ASB) recently
announced that the current edition, 2020-2021 USPAP, will now be
effective until December 31, 2023. This extension is in addition to a previous one-year extension of USPAP issued by the Appraisal Standards Board in February 2021.
“As USPAP matures, revisions such as this will take more time to
conduct the requisite research to ensure changes continue to uphold the
public trust,” said ASB Chair Michelle Czekalski Bradley.
ASB is working with the preeminent fair housing law firm Relman Colfax
to develop the proposed changes to the ETHICS RULE in the Third
Exposure.
Future editions of USPAP will have beginning effective dates, but no
end dates to give the ASB greater flexibility to thoroughly examine
proposed changes and respond in a timely manner to a changing
marketplace.
IAAO president to participate in forum on education requirements for fair housing laws, valuations
IAAO
President Wade Patterson will be one of the speakers on a Sept. 12
online forum sponsored by The Appraisal Foundation on education
requirements on fair housing laws and valuation bias. You can register
for the forum online.
TAF established the forum following requests by stakeholders to the
Appraiser Qualifications Board to consider adding additional
requirements to the Real Property Appraiser Qualification Criteria on
the topics of fair housing laws and valuation bias. In recent years, the
appraisal profession has been increasingly focused on issues relating
to discrimination, fair housing laws, and real property values.
The AQB is holding the public forum on Sept. 12 from 1 to 3 p.m.
Eastern to explore the requests to expand education requirements related
to fair housing laws and valuation bias. Panelists will be from state
appraiser regulatory agencies, professional appraiser organizations,
education providers, consumer, civil rights, and fair housing advocacy
groups.
There will be an open forum at the end of the event for audience
participation. If you would like to participate in the open forum,
please submit your comments and/or questions to Aida Dedajic (aida@appraisalfoundation.org) in advance of the forum. Those who submit ahead of time will be given priority during the open forum.
November virtual workshop: Dealing with conflict
“Getting
Along: Navigating Conflict in the Workplace,” will be the focus of the
IAAO Women’s Initiative Network (WIN) one-day virtual workshop on Nov.
1.
The event will teach a deeper understanding of interpersonal dynamics,
including gender and racial dynamics, while increasing awareness of
personal communication styles. The workshop, which will run from 10 a.m.
to 5 p.m. Central, is $195 for members and $275 for nonmembers.
Additional information and registration are available online.
Amy Gallo, a conflict, communication, and workplace dynamics expert,
will lead the workshop. She is an author, editor, and podcast co-host of
Harvard Business Review’s “Women at Work.” She will also be a speaker
at the 2022 IAAO Annual Conference Women’s Luncheon in Boston on
Wednesday, Aug. 31. She will give give free copies of her book, and sign
them, for those registered for the luncheon.
Attendees can register for the luncheon ($60) during the conference
registration process, or by emailing Allyson Weber, weber@iaao.org, or Rachel Mense, mense@iaao.org.
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IAAO CONNECT CORNER
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IAAO Connect members are talking about value stipulation/settlement offers at higher levels of appeal . Read more
| AROUND THE INDUSTRY
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Canada lenders now ‘super picky’ on appraisals
as home prices continue to drop
As home prices decline
steadily in Canada, it’s not just sellers feeling the pressure; the
effects of a softening market are rippling through the mortgage
industry, keenly felt by those trying to facilitate deals. Read more
Some D.C. homeowners see skyrocketing property tax bills after houses declared vacant
When
Fort Totten resident Dan received his twice-a-year property tax bill
last week, he wasn’t expecting the surprise he got: D.C. was charging
him $19,434.75 for the second half of 2022, almost 10 times the same tax
bill for the first half of the year. Dan isn’t alone, and this isn’t
the first time that D.C. homeowners have had their homes mistakenly
classified as vacant, thus dramatically increasing their property taxes. Read more
‘Truth in Taxation’ postcards aim to keep Nebraska property taxes in check
The
latest armaments in the battle to control property taxes should arrive
in the mailboxes of Nebraska property owners next month. The weapons?
Giant postcards — pink in most counties — emblazoned with “NOTICE OF
PROPOSED TAX INCREASE” across the top and with smaller type detailing
how the proposed budgets of major local taxing entities could affect the
specific owner’s pocketbook in the coming year. Read more
San Antonio explores allowing seniors to pay property taxes with volunteer service
The
City of San Antonio is working on a plan to allow seniors to pay their
property taxes through community service work. The idea is aimed at
helping seniors who are on a fixed income, as well as combatting social
isolation that was exacerbated by the pandemic. Participation at senior
centers declined sharply at the beginning of Covid-19, and has yet to
recover to pre-pandemic levels. Read more
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+ Littleton, Colorado
Commercial Appraiser II/III, Arapahoe County See more
+ Keene, New Hampshire
Property Appraiser, City of Keene See more
+ Painesville, Ohio
Deputy Auditor Appraisal Manager, Lake County See more
+ Chesterfield, Virginia
Assistant Director of Real Estate Assessment, Chesterfield County See more
+ Princeton, Illinois
Supervisor of Assessments, Bureau County See more
+ Kissimmee, Florida
Commercial Appraiser, Osceola County Property Appraiser's Office See more
+ Bellingham, Washington
Chief Appraiser, Whatcom County Assessor's Office See more
+ Rochester, Minnesota
Deputy County Assessor, Olmsted County See more
+ San Diego
Appraiser II, County of San Diego See more
+ Madison, Wisconsin
Assessment Technician Lister, City of Madison Assessor's Office 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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Share news:
Keith Robison
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