Is the U.S. housing market going to crash? What experts say about the possibility.
   There is little debate that the U.S. housing market is cooling down after home values rose at a frenzied pace during the pandemic.
   For the first time in 131 months, home prices fell year-over-year in February, ending the longest price growth streak. The median existing-home sales price in April slipped 1.7% from one year ago to $388,800.
   Meanwhile, elevated mortgage rates which have doubled since early last year have constrained homebuyers’ purchasing power. Instability in the banking sector, headlines about layoffs, and growing recession risks are also causing prospective homebuyers to hold back. Read more
Bill designed to revamp Illinois property tax sale system that fueled ‘urban decay’ headed to governor
   Legislation designed to revamp Cook County’s property tax scavenger sale system and close loopholes that fueled disinvestment in communities home to Black and Latino residents is headed to Illinois Gov. J.B. Pritzker’s desk after passing the General Assembly.
   Pritzker is expected to sign the bill, which was prompted by “Maps of Inequality: From Redlining to Urban Decay and the Black Exodus,” a study Cook County Treasurer Maria Pappas’ office released in July. Read more
COVID-19 pandemic doesn’t trigger property tax break, Colorado Supreme Court rules
   Commercial property owners in Colorado aren’t entitled to property tax relief because of the COVID-19 pandemic, the Colorado Supreme Court ruled recently.
    The justices found that the COVID-19 pandemic was not an “act of nature” that would allow property owners to seek re-assessment of their property values outside of the normal two-year property tax assessment cycle, and ruled that the state’s stay-at-home orders were not regulations on land use that would also have allowed for such re-assessments. Read more
June 28 webinar: ‘Building from Bias’
   The IAAO June webinar will focus on the importance of how our profession interacts with all members of society.
   Having an awareness of what is meant by “implicit” or “unconscious” bias is critical from a professional or personal development perspective. The webinar will draw from an interdisciplinary perspective with built environment examples building on existing knowledge.
   The webinar is set for noon Central on Wednesday, June 28, will be presented by Brian Gay, and is eligible for 1.5 CEU hours. The webinar is free for IAAO members and $77 for nonmembers. Register here.
Interested in a designation? Attend a Zoom chat
   The Professional Development Committee members are offering Zoom chats on the second Thursday of every other month to answer questions and share experiences about earning a designation.
   The next chat is Thursday, June 8, and will be an open discussion on earning a designation, followed by an Aug. 10 chat on the MAS and AAS designations. There will be another open chat on Oct. 12 and the year will wrap up with a chat on Dec. 14 on the CMS and PPS designations. Register here.
June 30 is deadline for Legal Seminar proposals
   The IAAO Legal Task Force is accepting program topic proposals for the IAAO Annual Legal Seminar, Nov. 30-Dec. 1 in Louisville, Kentucky. The theme of the seminar is "Assessing the New Norm."
   The Legal Task Force is seeking qualified professionals to present on topics of interest to lawyers and assessors. Possible topics include, but are not limited to,
income approach/cap rates; commercial office spaces; solar, wind, and battery assessment; real vs. personal property; cell phone towers; data centers; prep and trial: practical skills; mediation, expert witnesses, cross examination, opposing counsel and litigating effectively.
   Click here to submit a presentation topic. The deadline to submit topics is June 30.
Register for Mass Appraisal Valuation Symposium
   Registration is open for the virtual Mass Appraisal Valuation Symposium, set for June 21-22. The International Property Tax Institute (IPTI) and IAAO will present the virtual symposium covering “Valuing Properties in Uncertain Times.” Tyler Technologies is sponsoring the event.
   Registration information is available at www.iaao.org/mavs23 and the registration deadline is June 16.
Workshop 191 offered as a preconference class
  IAAO is offering Workshop 191 on Sunday, Aug. 27, in Salt Lake City, before the start of the IAAO Annual Conference.
   The workshop is a national seven-hour USPAP Update offered for continuing education for licensure and certification through The Appraisal Foundation. The workshop provides a general overview of USPAP guidelines, advisory opinions, statements and other appraisal practices.
  Conference registration is not required but participants must register by Aug. 9 for the workshop. The cost is $229 for members and $339 for nonmembers. The USPAP textbook is included. Register as part of conference registration or register here.
Board election information available; filing deadline is July 1
  Members interested in running for the IAAO Board of Directors should submit candidate materials by July 1. Check out the Elections page on the IAAO website for more information and forms needed to submit.
   Regular members in good standing will be able to vote electronically from Nov. 1-15, for the regular board member and officer positions. Read more.
Building high-performing teams the focus of ELS
   Registration is open for the 2023 Emerging Leaders' Summit, “Building High-Performing Teams.”
   The ELS is designed to provide a powerful professional development opportunity for emerging leaders in the assessment industry.
   The program will be presented in three parts: webinars on July 18 and Aug. 15, and an in-person session at the IAAO Annual Conference in Salt Lake City on Aug. 29. Data Cloud Solutions, a Woolpert Co., and Tyler Technologies are sponsors of the Summit.
   The third session will be recorded for those unable to attend. More information is at www.iaao.org/els.
  IAAO Connect members are talking about the legality, benefits, and pitfalls of using drones to gather property data. Read more
Kentucky Court of Appeals tackles religious property tax exemptions
   Religious institutions received a victory this month regarding property tax exemptions under Section 170 of the Kentucky Constitution. In Dunn v. Solomon Foundation, the Kentucky Court of Appeals answered a critical question as to the meaning of the language in Section 170 and whether a religious institution owning property must both own and occupy the property in order to receive a tax exemption. Read more
Opinion: A Supreme Court ruling is a warning
for Prop. 13 — tax law should be fair

   Late last week, the Supreme Court unanimously ruled that a decades-old Minnesota property tax law was unlawful when it allowed the government to seize wealth from an elderly Black homeowner.
   The decision in Tyler vs. Hennepin County serves as a warning about legal defects in other property tax laws that unfairly harm communities of color, including California’s own Proposition 13. Read more
U.S. House bill would incentivize house selling
in effort to boost supply

   A duo of bipartisan U.S. House of Representatives lawmakers introduced a bill earlier this year that is designed to increase the supply of available homes on the market. And in order to bring more attention to the issue, the lawmakers recently made a public push about what the bill would do if passed.
   The “More Homes on the Market Act,” unveiled in March by Reps. Jimmy Panetta (D-Calif.) and Mike Kelly (R-Penn.), would amend the tax code to incentivize more homeowners to sell their houses, increasing the supply of homes available on the market. Read more
Can AI provide a fair appraisal process?
   Assessors and appraisers from state and local governments often cite data analysis as a double-edged sword when it comes to their day-to-day work. They recognize the value of data analysis but also acknowledge how challenging it can be when the data they need isn’t readily available. Read more
Australian building approvals hit 11-year low in blow to hopes of solution to housing crisis
   Australia’s building approvals have hit an 11-year low, in a fresh new blow to hopes of a quick solution to its housing crisis. According to data released by the Australian Bureau of Statistics: “the total number of dwellings approved fell 8.1 per cent in April, in seasonally adjusted terms, following a 1.0% increase in March.
   That April figure is the lowest monthly figure in over a decade. Read more
Kansas City, Missouri
• Director of Accounting and Finance, IAAO See more
Durham, North Carolina
• Tax Administrator, Durham County See more
Tyler, Texas
• Statistical Analyst/Appraiser, Smith County Appraisal District See more
Kissimmee, Florida
• Tax Roll Analyst, Osceola County Property Appraiser's Office See more
Deland, Florida
• Commercial Property Analyst, Volusia County Property Appraiser's Office See more
Portland, Maine
• Director of Regional Assessing, Cumberland County Government See more
Orange, Virginia
• County Assessor, Orange County See more
Orlando, Florida
• Deputy Property Appraiser, Orange County See more
Nashville, Tennessee
• Commercial Appeals Appraiser, Metro Gov't of Nashville and Davidson County See more
Paola, Kansas
• County Appraiser, Miami County See more
International Association
of Assessing Officers
314 West 10th Street
Kansas City, Missouri 64105
Share news:
Keith Robison
Don't want these emails?
Unsubscribe here.