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Short-term rental owners strongly oppose Colorado’s proposed property tax plan
Colorado lawmakers got an earful Tuesday from short-term
rental owners on a proposal to classify many of their homes as
commercial properties and impose a much higher tax rate.
The legislation would roughly quadruple property taxes for
tens of thousands of short-term rental homes in Colorado. It drew fiery
testimony from more than 80 speakers at Tuesday’s hearing of the
Legislative Oversight Committee Concerning Tax Policy, which voted to
advance the bill to the full legislature in January. Read more
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Realtors must pay home sellers $1.8 billion for inflating commissions
The National Association of Realtors and several real
estate companies were ordered to pay $1.8 billion in damages after a
federal jury in Missouri ruled that they conspired to artificially
inflate brokerage commissions.
Other defendants in the case include Keller Williams and
Berkshire Hathaway’s HomeService of America. The verdict came after a
two-week trial in federal court in Kansas City.
Plaintiffs claimed the association and other defendants
colluded to drive up the commission that sellers pay to brokers
representing home buyers. Read more
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Gwinnett County, Georgia, officials announced last
week that they will not use eminent domain after all to take more than
10 acres of land that has belonged to a Black family in south Gwinnett
for more than 100 years.
The decision to not to go through the courts to force the
Livsey family into selling two properties comes after a public backlash.
After news broke that the county planned to use eminent domain to take
the land, it was quickly panned on social media. Read more
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IAAO NEWS
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IAAO elections now underway
IAAO Board of Director elections
started Wednesday and will end on Nov. 15. Regular members as of Oct. 1
are eligible to vote and should have received an email from Intelliscan
Inc. on Wednesday, Nov. 1. Regular members who did not receive a ballot
by Thursday, Nov. 2, should contact John Arbitell at johnarbitell@intelliscaninc.com or call 610-935-6176.
The following candidates are on the ballot.
• President-Elect — Donna VanderVries, CAE, AAS, PPS (Michigan)
• Vice President — William Healey, RES (Maine)
• Region 1 — Allen Jolley (California); Douglas P. Warr, AAS (Oklahoma)
• Region 2 — Lloyd Funk, CAE
(Manitoba); Timothy Hall Sr. (Alabama); Samuel A. Walker, AAS, RES
(Wisconsin); Virginia R. Whipple, AAS (Indiana)
• Region 3 — Opal B. Hudson, CFE, CPM (Florida); Kevin Prine, MPA, RES, AAS, RAA, GAA, MNAA (Virginia)
Next WIN’ing Conversation on Nov. 14 on Mental Health and Self Care
Join the Women's Initiative Network on the next WIN'ing
Conversation as Monica Moore, Staff Development Specialist of the Durham
County (North Carolina) Tax Administration office talks on Mental
Health and Self Care. Conversations are free, and all are welcome. Register here.
IAAO accepting topics for 2024 research grant
IAAO is accepting research topics submissions for the 2024 Richard Almy Research Grant Program. IAAO members, along with students and faculty, are eligible to submit proposals.
The Richard Almy Research Grant Program, formerly called
the Academic Partnership Program, provides financial support for IAAO
members, students, and faculty to complete research in areas related to
property appraisal, assessment administration, and property tax policy.
The deadline to apply is Jan. 31, 2024.
All IAAO members, graduate/postgraduate students, and
faculty at accredited colleges/universities are eligible to apply.
Funding for each approved project will be between $2,500 and $5,000.
Grants are awarded for one year. Apply at www.iaao.org/researchgrant.
2024 Instructor Evaluation Workshop set for March in Massachusetts
The next IAAO in-person Instructor Evaluation Workshop will take
place March 25-27, 2024, in Southbridge, Massachusetts. The three-day
event is open to qualifying IAAO members.
Those who pass the IEW audition will be considered a junior
IAAO instructor and 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.
Learn more about the IEW and apply here. Spots are limited, and the deadline to apply is Jan. 19, 2024.
Check out sessions in upcoming Legal Seminar, set for Louisville
Registration is under way for the 2023 IAAO Legal Seminar,
set for Nov. 30 to Dec. 1, at the Omni Louisville Hotel in Louisville,
Kentucky.
Attendees will hear from industry experts on legal topics
of interest to members of the assessment and property tax industry. The
theme for the seminar is “Assessing the New Norm” and a list of sessions
and speakers is now available in the brochure.
You can register online or submit a paper form with payment. Read more.
Fighting cybercrime is the topic of November business partner webinar
Fighting Back Against Cybercrime will be the subject of a
webinar by IAAO Strategic Business Partner Tyler Technologies at noon
Central on Wednesday, Nov. 8. The webinar will review how sophisticated
cyberattacks targeted at state, local, and federal government
organizations and school districts place all concerned parties on high
alert.
In this webinar, hear from cybersecurity expert Tim Walsh,
who will discuss how agencies can approach the way they think about
cybersecurity — from innovative and strategic resource usage to
effective application, detection, and response mechanisms to ensure the
security of data and high-valued assets. Register here.
Hear about Farragut’s property tax solutions during Nov. 9 webinar
Find out how to harness the full potential of your office
and data with Farragut's suite of tailored property tax solutions by
attending a webinar by IAAO Strategic Business Partner Farragut.
From their business intelligence solution to CAMA solution
to billing and collections, come experience how to empower your team to
extract valuable insights, streamline operations, and make confident
data-driven decisions.
The webinar, Unleash the Power of Tailored Solutions:
Maximize Your Office and Data Potential, will be offered at 1 p.m.
Eastern on Thursday, Nov. 9. Register here.
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IAAO Connect members are talking about income model software. Read more
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AROUND THE INDUSTRY
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Changing valuation of farmland to
income-producing capability is wrong, prof says
Adopting a new system of valuing agricultural land in
Nebraska based on its income-producing capability was recently panned as
a possible solution to the state’s traditionally high property taxes.
John Anderson, an economics professor at the University of
Nebraska-Lincoln, said that adopting a “use/value” approach in valuing
ag land — as advocated by Gov. Jim Pillen in the 2023 legislative
session — doesn’t result in a significant change compared to the current
market-value approach except near big cities. Read more
How data centers are evolving to meet AI demand
While much focus has justifiably been placed on how AI
will transform companies, careers, and communications, none of it is
possible without an infrastructure that’s made to meet the increasing
demand.
Simply put, data centers and edge networks enable the magic
that emerges from AI applications. They do so by using high-performance
computing (HPC) clusters, which are made up of multiple servers
connected through high-speed networks that allow for parallel processing
and fast training times. Read more
Trial set for Walmart’s assessment dispute
in Sturgeon Bay
A three-day trial has been scheduled for September 2024 in
Door County, Wisconsin, Circuit Court to consider a civil suit brought
by Walmart against the city of Sturgeon Bay.
Walmart is seeking to lower the assessed value of three parcels. Read more
Millions in Hells Angels cash poured into Ontario real estate, court documents show
Members of the Hells Angels biker gang put millions gained
from an underground gambling ring into cash, cars, a motorcycle and even
waterfront land they hoped to develop, according to allegations in
court documents. Read more
Chicago’s north suburban homeowners seeing biggest property tax increase in 30 years
After months of delay, nearly 1.8 million property tax
bills for Cook County home and business owners are landing in mailboxes
this week, and many homeowners in the north and northwest suburbs are in
for jarring news.
A new analysis from county Treasurer Maria Pappas’ research
team found the median residential tax bill there increased by 15.7%,
according to the report, “the largest percentage increase in the last 30
years.” Read more
Home prices hit another record high in August
Home prices finished the summer at another record high as
home affordability tanked to a historical low. The S&P CoreLogic
Case-Shiller National Home Price Index increased 0.9% in August month
over month and 2.6% annually on a seasonally adjusted basis. The index
has risen for seven consecutive months and hit an all-time index high in
August. Read more
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Fort Worth, Texas
• Chief Appraiser and Executive Director, Tarrant Appraisal District See more
McKinney, Texas
• Appraisal IT Specialist, True Prodigy See more
Orlando, Florida
• Director, Commercial Valuations, Orange County Property Appraiser See more
Marietta, Georgia
• Appraisal Facilitator, Cobb County Board of Tax Assessors See more
Greenwich, Connecticut
• Commercial Real Estate Appraiser, Town of Greenwich See more
Kissimmee, Florida
• Commercial Appraiser, Osceola County Property Appraiser See more
Chesterfield, Virginia
• Appraiser III, Chesterfield County See more
Madison, Wisconsin
• Property Appraiser 1, City of Madison Appraiser's Office See more
Nashville, Tennessee
• Commercial Appeals Appraiser, Metro Govt of Nashville and Davidson County See more
Palmer, Alaska
• Borough Assessor, Matanuska-Susitna Borough 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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Keith Robison
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