for years to come
   Despite mortgage rates that have more than doubled and sky-high prices, the housing market just keeps chugging along, avoiding the crash that some economists feared.
   You can partly thank millennials, the generation that’s usually blamed for the country’s financial ills. Though millennials have taken the brunt of the blow as housing affordability deteriorates, they are also the largest generation in U.S. history. They will continue to lead the country's “household formation,” which equates to housing demand, for the foreseeable future, according to a recently published analysis. Read more
How unelected officials dole out wind and solar property tax breaks
  When New York’s largest planned wind farm threatened to come to town, lawyer and farmer Ginger Schroder took on her local industrial development agency — by joining it.
   “Why should the developer, that’s getting billions of dollars in public subsidies — they’re already getting taxpayer money — why should we give them a free ride on their property tax bill?” said Schroder, who in 2019 won a seat on her local county legislature around her opposition to the project and its requested property tax breaks. Read more
Los Angeles mansion owners test $150,000 rents as sales slump
   It’s a tough time to sell a mansion in Los Angeles. The market for the priciest properties in the city faces challenges such as a new tax on luxury sales and turmoil in the entertainment industry.
   Now, some homeowners are turning to another path to generate cash: Renting them out.
   Home sales in the Los Angeles area are down 26.6% this year through September compared with the same period a year ago, according to data from appraiser Miller Samuel and brokerage Douglas Elliman Real Estate. Read more
Board approves 30-day exposure on changes to Mass Appraisal Standard
   An update to the Standard on Mass Appraisal of Real Property has been approved by the Board of Directors for exposure to members for 30 days.
   This standard replaces the 2018 rewrite of the standard, which replaced the 2013 Standard on Mass Appraisal of Real Property. The Research & Standards Committee updated the section on “Alternative to Periodic Site Inspections” with a section on “Considerations for Establishing a Property Inspection Plan.”
   The update also included changing references to CAMAs to mass appraisal systems. A clean version and a copy with markups are available for review.
   Comments on the standard should be sent to Assessment Advisor Shannon Hiss, RES, RMA, at hiss@iaao.org. The comment period will run from Nov. 14 to Dec. 13, 2023.
IAAO accepting applications for executive director
   IAAO has begun accepting applications as part of its search for a new executive director. The job description is posted online, and the selected individual will be responsible for ensuring the successful execution of the organization’s overall strategic plan while overseeing and managing all facets of the association.
   The executive director will work closely and transparently with the Board of Directors to formulate strategies and translate them into actionable strategies aimed at fostering growth. The position closes on Dec. 14, 2023, and candidates will be notified shortly thereafter regarding the status of their application.
Planning for 2024? Conference fees released
   IAAO has released 2024 Annual Conference registration fee information to assist jurisdictions and firms planning for 2024. The information is on the 2024 Annual Conference page with additional information on Denver and the conference, scheduled for Aug. 25-28 at the Colorado Convention Center. Full registration and hotel room reservations will begin in the spring.
Recognize IAAO on Giving Tuesday, Nov. 28
   Will you consider donating to an IAAO charitable fund on Giving Tuesday?
   IAAO is a 501(c)(3) organization, and donations to IAAO are tax-deductible to the extent allowed by the Internal Revenue Code. “Giving Tuesday” is the Tuesday after Thanksgiving in the United States, and you can show your passion for the organization and commitment to the future of the profession by donating to one of these funds.
• IAAO Education Fund
• Building Donation Campaign
• Trust Funds (Jeff Hunt Memorial Trust, Paul V. Coursy Library Trust, and Timothy Hageman Trust)
   As we close out the year with the holidays ahead of us, this is the perfect time of the year to give, and you can go online and donate to IAAO at www.iaao.org/GivingTuesday. For donations of investments and hard-to-value assets, contact IAAO at weber@iaao.org.
Registration closes soon for Legal Seminar in Louisville
   Registration closes Monday, Nov. 20, 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. You can register online or submit a paper form with payment. Read more
Membership renewals underway; pay online or return invoice
   IAAO membership dues for 2024 are now available to pay online on the IAAO website, and members who are not on an agency bill may pay on the website or return the invoice emailed or mailed to them. To pay online, log in to the IAAO website, click on “My Account,” and then select “Renew My IAAO Membership.”
   To pay by mail, return the invoice with payment in U.S. funds to the IAAO Lockbox address on the invoice. The deadline for renewal is Dec. 31, and non-renewed memberships will expire on Feb. 29, 2024.
Interested in a CMS or PPS designation? Attend the Dec. 14 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, Dec. 14, and will be a discussion on earning the Personal Property Specialist (PPS) or Cadastral Mapping Specialist (CMS) designation. Current CMS and PPS designees will be available to answer your questions. There is no charge, and you can register here.
  You can also watch recordings of previous chats, focused on earning a designation in general, earning the Certified Assessment Evaluator (CAE) or Residential Evaluation Specialist (RES) designation; or earning the Assessment Administration Specialist (AAS) or Mass Appraisal Specialist (MAS) designation.
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 now 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.
   IAAO Connect members are talking about the benefits of Trepp's data. Read more
Florida county officials call state’s PACE program ‘predatory’
   According to Florida PACE’s website, homeowners are told they don’t have to have to put any money down, the program is 100% financed and there is no minimum credit score required. They can get pre-qualified in minutes and hundreds of projects are eligible. In addition, their construction bill can be placed on their tax bill and paid once a year. Approved PACE contractors go door to door, looking for customers.
   But it’s not a loan — it’s a lien, and customers could actually lose their homes if they can’t pay what some say are exorbitant costs and interest rates. Read more
Michigan Legislature breaks for year without passing Detroit mayor’s tax plan
   The Michigan Legislature broke last week for the rest of the calendar year without passing Detroit Mayor Mike Duggan’s Land Value Tax plan (LVT).
   The LVT is “a way for Detroit voters to decide whether to cut homeowners’ taxes by an average of 17% and pay for it by increasing taxes on abandoned buildings, parking lots, scrap yards, and other similar properties,” according to the city of Detroit website. Read more
Wyoming lawmakers reject acquisition value-based property tax
   A bill draft that proposed an acquisition value-based property tax system narrowly failed to advance in the Legislature’s Joint Revenue Committee earlier this week.
   The proposed legislation divided Wyoming lawmakers and residents over its passage — one side argued the bill draft was a necessary step in providing much-needed property tax relief for homeowners, while others said the unintended consequences of the property tax system did more harm than good. Read more
Lake County implementing new law targeting tax sale ‘churner’ properties
   Lake County, Indiana, is taking the next step needed to remove thousands of "churner" parcels from its regular sales of homes and land with unpaid property taxes.
   On Tuesday, the county's legislative body voted 6-0 to implement the process outlined in a new state law, Senate Enrolled Act 157, that allows the county, or a local municipality, to obtain clear title to properties that fail to sell at two or more county tax sales. Read more
Deland, Florida
• Commercial Property Analyst, Volusia County Property Appraiser See more
McKinney, Texas
• Appraisal IT Specialist, True Prodigy See more
Orlando, Florida
• Director, Commercial Valuations See more
Manhattan, Kansas
• Appraiser III, II, I-Residential D.O.E., Riley County See more
Eau Claire, Wisconsin
• City Assessor, City of Eau Claire See more
Paola, Kansas
• Field Appraiser III, Miami County See more
Kansas City, Missouri
• Executive Director, International Association of Assessing Officers See more
Kissimmee, Florida
• Commercial Appraiser, Osceola County Property Appraiser's Office See more
• Residential Field Appraiser, Osceola County Property Appraiser's Office See more
Fort Worth, Texas
• Chief Appraiser & Executive Director, Tarrant Appraisal District 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.