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A new analysis by Climate Central finds that as sea
level rise shifts tidal lines along the nation’s coast, local
governments face potentially steep drops in tax revenue as a sizable
amount of once-taxable land is subject to flooding.
“Coastal flooding caused by sea level rise is shifting
the tide lines that many coastal states use to delineate boundaries
between public and private property,” the study found. “Changes in
property boundaries can have significant implications for both property
owners and local property tax revenues — a primary source of funding for
schools and services provided by local governments.” Read more
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Stanford University is seeking to reduce its tax
burden on two faculty houses by claiming they are used for educational
purposes. If successful, additional exemptions the university might seek
could result in millions of dollars of lost revenue for local schools
and governments, particularly the Palo Alto Unified School District,
according to Santa Clara County administrators. Read more
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Black retail spaces across the country are worth an
aggregated $171 billion less than they should be worth, simply because
they are located in majority-Black neighborhoods, says a new report.
What does that actually mean? Read more |
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IAAO NEWS
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National Assessor’s Day is Tuesday
Tuesday, Sept. 27, is National Assessor’s Day and IAAO and the
assessment community will highlight the work and value of assessors. In
2018, to increase public awareness and honor the efforts of assessors
and appraisers, EagleView declared the last Tuesday of every September
National Assessor’s Day.
National Assessor’s Day helps assessors provide constituents with an
opportunity to learn more about what assessors do. Assessors have a
platform to explain how they value homes and businesses as well as how
the technology assessors use allows all facets of a community to operate
efficiently.
Conference session presentations up on Research Exchange; virtual attendees have until Sept. 30 to secure CE credits
Presentations from the regular sessions at the IAAO Annual
Conference in Boston are now available to conference attendees to
download from the IAAO Research Exchange website. The presentations were available to view from the mobile app and have been transferred to Research Exchange.
To access a session’s material, select a session and
then click the Download button. Users must login and the website
requires a separate login from the IAAO website. CE credits for on-site
attendees have been posted in the member’s account on IAAO. CE credits
for virtual attendees will be posted after the Sept. 30 deadline to
complete watching virtual sessions.
September webinar: Leases of government-owned property
The lease of government-owned property is assessable in California and will be the focus of an IAAO webinar, “ Possessory Interest: Yes, There is a Tax on That,” from noon to 1:30 p.m. on Wednesday, Sept. 28. Learn about the laws and valuation methodologies used in Los Angeles County.
The webinar will be presented by Allen Jolley,
Supervising Appraiser, Los Angeles County Assessor's Office, and is
eligible for one Continuing Education hour. Register here.
IAAO seeking volunteers for 2023
IAAO is accepting applications from members to serve on committees and
task forces in 2023. Those interested in volunteering should visit the IAAO Volunteer webpage
and log in. The deadline to apply is Oct. 6. IAAO recently updated the
volunteer application process to better match members’ interests with
IAAO committees and task forces.
Members can apply to multiple committees and also may apply for the
2023 Open Call to improve their chances to be selected to serve. IAAO
usually receives more applications than there are volunteer
opportunities, but encourages all interested members to apply. Current
2022 volunteers interested in continuing to serve in 2023 must re-apply.
Volunteer here.
November virtual workshop: Dealing with conflict
“Getting Along: Navigating Conflict in the Workplace,” is the focus of
the IAAO Women’s Initiative Network (WIN) one-day virtual workshop on
Nov. 1. Amy Gallo, a conflict, communication, and workplace dynamics
expert, will lead the workshop.
The workshop has been approved for six hours of continuing education credit.
Gallo is an author, editor, and podcast co-host of Harvard Business
Review’s “Women at Work.” She was also a speaker at the 2022 IAAO Annual
Conference Women’s Initiative Network Luncheon in Boston.
The November workshop will teach a deeper understanding of
interpersonal dynamics, including gender and racial dynamics, while
increasing awareness of personal communication styles.
The workshop will run from 10 a.m. to 5 p.m. Central and is $195 for
members and $275 for nonmembers. More information and registration links
are available online.
Early registration for Legal Seminar ends Sept. 30
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.
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.
Attendees may register online or submit a paper form with payment.
Early registration fees are $500 for IAAO members and $700 for
nonmembers until Sept. 30. Rates increase to $600 for members and $840
for non-members until Nov. 18 and then onsite rates are $700 for members
and $980 for non-members. Read more.
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IAAO Connect members are talking about the valuations of storage containers that are retrofit into climate-controlled storage units for rent. Read more
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AROUND THE INDUSTRY
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The average assessed value of a single-family house in
the agglomeration is now $840,000, up from $600,000 three years ago.
Assessments for property tax are up by 32.4 per cent on the island of
Montreal. That’s a precipitous jump from the 2020-2022 tax roll, which
showed a 13.7 per cent increase in values from the previous one. Three
years before that, the increase was 5.9 per cent. Read more
Home buyers open to embracing a new state will get a
lot more house for their money, a new study shows. An analysis by The
Ascent, which rates and reviews personal finance products, found that
the average median home price in the first quarter of 2022 was $428,700.
In the 10th least expensive state, Louisiana, the
average price is less than half that, at $214,522. If mouth-watering
culinary options and a fascinating history are not enough to draw you to
the Pelican State, don’t worry, there are cheaper options. Read more
Homeowners could see their property taxes fall as early
as next year after a panel of lawmakers voted to sponsor a bill that’d
make up to $50,000 of a home’s value non-taxable. It comes as inflation
and a competitive real estate market have led to property taxes
increases across the state. The taxes are becoming increasingly
unaffordable for people on fixed incomes, like retirees and disabled
people. Read more
Home buyers continued to balk in the face of mortgage
affordability obstacles this August, leaving less competition and more
inventory of homes for sale in the market. The softer demand from buyers
contributed to the largest monthly drop in home values, 0.3%, since
2011. Appreciation has receded since peaking in April, but typical home
values are still up 14.1% from a year ago and 43.8% since August 2019,
before the pandemic. Read more
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+ Prescott, Arizona
Chief Deputy Assessor, Yavapai County See more
+ West Palm Beach, Florida
Residential Appraisal Manager, Palm Beach County Property Appraiser's Office See more
+ Miami, Florida
Income Evaluation Specialist, Miami-Dade County Property Appraiser's Office See more
+ Nashville, Tennessee
Chief Appraiser, Tennessee Comptroller of the Treasury See more
+ Rochester, Minnesota
Commercial Appraiser, Olmsted County See more
+ Ontario, Canada
Manager, Centralized Properties, Municipal Property Assessment Corporation See more
+ Edmonton, Alberta, Canada
Assessment Advisors, The Government of Alberta 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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