The estimated second-quarter Gross Domestic Product (GDP) data released earlier this week shows the United States economy teetering on the edge of recession, with an overall inflation-adjusted GDP decline of 0.2%.
   If there is a full-blown recession, it will be tied to the sharp declines in housing and residential investment, which fell by 14% in the quarter. Read more
   Speaking in front of a Kentucky General Assembly task force on July 22, representatives of the Kentucky Distillers Association (KDA) laid out reasons why they believed the commonwealth's property tax on distilled spirits is bad for Kentucky bourbon and bad for the Kentucky economy.  Read more
   A task force convened by Philadelphia City Councilmember Cherelle Parker has released a set of recommendations aimed at eliminating home appraisal bias across the city, state, and country. In Philadelphia, homes in primarily Black neighborhoods are undervalued by an average of nearly $26,000, according to Redfin. Read more

Aug. 8 deadline to sign up for golf tournament
   The deadline to sign up for the annual IAAO Golf Tournament, set for Saturday, Aug. 27, in Boston, is Monday, Aug. 8. The Local Host Task Force and Massachusetts Chapter of IAAO organized the event at the Robert T. Lynch Municipal Golf Course and is managing registration.
   The cost is $100 and includes transportation to the course and back, green fees, cart, lunch, and a swag bag. There will be prizes for first, second, and third place, plus contests for closest to the pin and longest drive. In addition, there will be a chance to win a new car with a hole-in-one on a selected hole.
   Clubs are available at the course for rent. For more information, contact Local Host Task Force Chairs William Mitchell (wmitchell@northandoverma.gov) or Lane Partridge (Lane.Partridge@town.barnstable.ma.us).
IAAO partnering to present Aug. 16 webinar
on emerging topics in appraisal bias

   IAAO is joining fellow industry organizations to present the next webinar in the Diversity Inclusion Series: “Emerging Topics in Appraisal Bias,” from 1-2:30 p.m. Eastern on Aug. 16. 
   The free webinar will have two sections, including one on the Philadelphia Appraisal Bias Task Force. While federally led reports on the topic of appraisal bias have lacked focus on possible proactive steps to help appraisers, the Philadelphia Appraisal Bias Task Force worked inclusively to make sure not only that the appraiser perspective was heard, but also worked to incorporate action items that can benefit the appraisal profession in both the short- and long-term.
   The first online seminar section will review With Action’s “Restorative Appraisals” proposal to the Brookings-Ashoka Innovation Challenge, which was one of three appraisal-centric solutions that won a grant from the 54 proposals submitted. IAAO, along with the American Society of Appraisers (ASA); American Society of Farm Managers and Rural Appraisers (ASFMRA); Appraisal Institute (AI); Massachusetts Board of Real Estate Appraisers (MBREA); and the National Society of Real Estate Appraisers (NSREA) are offering the complimentary webinar. Register here.
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, and 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 1-3 pm 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.
IEW information webinar offered in September; IAAO hosting IEW in January 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 webinar from 1-2 p.m. Central on Thursday, Sept. 8. Register at http://www.iaao.org/iewwebinar.
   The three-day IEW event 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 proposed USPAP changes released
  The Third Exposure Draft of proposed changes to USPAP is now available for review and comment.
   Public comments are critical to the development of new editions of USPAP, and the Appraisal Standards Board values all input it receives. The Appraisal Standards Board is accepting public comments until Sept. 24. To submit a comment, click here.
   Appraisal Standards Board Chair Michelle Czekalski Bradley and Vice President of Appraisal Issues Lisa Desmarais will host an online seminar to discuss this Exposure Draft at 1 p.m. Eastern on Aug. 11. Register here to attend the webinar.
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 HBR’s “Women at Work and will also be a speaker at the 2022 IAAO Annual Conference Women’s Luncheon in Boston on Wednesday, Aug. 31.
   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.
Learn about the library in Words with Assessors
   The annual game of Words with Assessors, sponsored by the Friends of the IAAO Paul V. Corusy Library Trust, is underway and participants have a chance to win gift cards.
   During the contest, words will be hidden on library webpages. Find the words and enter them on the playing card. Words from F+E (STANDARDS & STAFFING BENCHMARKS) are noted on the playing card clues, and the additional words are posted on library webpages starting on the dates listed on the card. Participants will learn more about the library and the resources it has to offer.
   The drawings for gift cards for those members who find the most words and complete the playing card will take place at the 2022 IAAO Annual Conference. Completed cards can be brought to the conference or emailed to library@iaao.org by Aug. 15.
Hot topic: Disclosure, non-disclosure for sales
IAAO Connect members are talking about the difficulty of collecting sale and lease information, especially in non-disclosure states. Read more

   Fulton County and its 15 cities are in a fight over how to split up Local Option Sales Tax revenue. The county’s expected to collect around $316 million a year over the next decade. The decision could impact every taxpayer in Fulton and raise property taxes for homeowners. Both sides met Friday to hear the city’s proposal and start the negotiation process. Read more
   A frustrated Melburnian has sparked an online debate after venting their concern about the number of vacant shops in the inner city.
  “Greedy absent landlords are killing Fitzroy Street,” the resident wrote on a sign taped to an empty store front in St Kilda. “Look at how they leave their buildings that we walk past every day! They don’t care! It’s time for a vacant premises tax now!!!!” Read more
   When Ivana Trump, Donald Trump’s first wife, was buried last month near the first hole of Trump National Golf Club in Bedminster, New Jersey, few immediately guessed that her grave’s location might also serve her ex-husband’s long-held tax planning purposes.
   Tax code in New Jersey exempts cemetery land from all taxes, rates, and assessments. Her grave, as such, potentially has advantageous tax implications for a Trump family trust that owns the golf business, in a state where property and land taxes are notoriously high. But some tax lawyers question that motive. Read more
   Dr. Yves Hervé and Dr. Jens Rubart of NERA Economic Consulting explain how the German Foreign Tax Act, introduced in January 2022, affects retroactive price adjustments and the definition of intangibles.
   Six years ago, David Spector bought an 80-year-old house perched on a 120-foot bluff, with a panoramic view of Lake Michigan. But that priceless view may end up costing him more than he could have imagined.
   His house, about 20 miles outside of Milwaukee, sits in a bad spot for erosion, with wind and waves whittling away at the base of the bluff. Ten years ago, the house stood 50 feet away from the bluff’s edge. Today it’s less than 10 feet away. Spector knows it’s only a matter of time until the bluff gives way and his house will be gone. Read more
+ Orlando, Florida
Director, Valuations, Orange County Property Appraiser See more
+ Madison, Wisconsin
Assessment Technician Lister, City of Madison Assessor's Office See more
+ Chesterfield, Virginia
Assistant Director of Real Estate Assessment, Chesterfield County See more
Appraiser II, Chesterfield County See more
Appraiser III, Chesterfield County See more
+ Littleton, Colorado
Commercial Appraiser II/III, Arapahoe County See more
+ Keene, New Hampshire
Property Appraiser, City of Keene See more
+ Paineseville, Ohio
Deputy Auditor Appraisal Manager, Lake County See more
+ Bend, Oregon
Property Appraiser I or II, Deschutes County See more
+ McKinney, Texas
Land Staff Appraiser, Collin Central Appraisal District See more
Commercial Staff Appraiser, Collin Central Appraisal District See more
+ Concord, New Hampshire
Director of Real Estate Assessments, City of Concord See more
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Keith Robison
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