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
   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
   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
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.
Hot topic: Litigation
  IAAO Connect members are talking about value stipulation/settlement offers at higher levels of appeal. Read more

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
+ 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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Keith Robison
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