Other cities take note as New York City tells Airbnb: Fuhgeddaboudit
   For years, it has been illegal for homes in New York City to be rented out for fewer than 30 days, but the ordinance was rarely enforced. And many property owners earned money through the rise of short-term rentals.
   But this fall the city began enforcing a new ordinance that requires short-term rental hosts to register with the city. The ordinance also ices out market juggernauts Airbnb, Vrbo, and similar platforms from processing transactions for any unregistered short-term rentals.
   The aim of the crackdown is to return thousands of possible rental units to the city’s housing market, which is short on available and affordable options. Read more
The looming office space real estate shortage.
Yes, shortage

   There is more pain to come in the office real estate market across the U.S., with maturing debt needing to be refinanced and a wave of expiring leases, but there is also what may seem at first brush to be a counter-intuitive message being sent to top tier companies by real estate intelligence company CoStar Group: prepare for an office space shortage.
   You read that right: while the commercial real estate market across U.S. downtowns is being described in apocalyptic terms, CoStar sees a shortage on the horizon, with one key caveat for top companies to bear in mind. Read more
Realtors study shows Boomers in best position in current, and projected, real estate market
   With their $82 trillion nest egg, baby boomers have helped the US economy with their spending. They’re also in the perfect position to help themselves by taking advantage of the current real estate market.
   According to a new report from the National Association of Realtors, older Americans are making up a larger portion of home buyers and are in a better position to buy a home in the current market. And with signs that prices could start falling, buying real estate now puts them in a perfect place to build even more wealth the next time prices rise. Read more
Deadline approaching for comments on Mass Appraisal Standard changes
   The comment period regarding changes to the Standard on Mass Appraisal of Real Property concludes on Dec. 13.
   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 IAAO Assessment Advisor Shannon Hiss, RES, RMA, at hiss@iaao.org. The comment period runs from Nov. 14 to Dec. 13, 2023.
IAAO accepting applications for executive director through Dec. 14
   IAAO is accepting applications through Dec. 14 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.
Interested in a CMS or PPS designation? Attend the Dec. 14 Zoom chat
   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.
Using AI in property assessment workflows subject of Jan. 11 Nearmap webinar
   The application of Artificial Intelligence (AI) for change detection has revolutionized property assessment, enabling assessors to efficiently identify changes in the built environment will be the focus of a Jan. 11 webinar by Nearmap.
   The webinar will review how with AI and up-to-date imagery, you can create solutions that save time, money and resources that help your team identify and manage changes. With solutions such as change detection you can create repeatable processes and workflows that enlighten and expand the possibilities of your department.
   The webinar, “Leveraging AI for Change Detection and Machine Learning in Property Assessment Workflows,” will be offered by Nearmap an IAAO Strategic Partner at 10 a.m. Central on Thursday, Jan. 11. Register here.
New issue of the Journal released
   Volume 20, Issue 2 of the Journal of Property Tax Assessment & Administration is now available to IAAO members to download and read.
   Articles in this issue cover homestead fraud in Florida; nonprofit hospitals’ property tax benefits; enterprise value to invested capital; aircraft opportunity costs and airline intangible returns; transitioning out of capped property assessments; climate change and property assessment practices; and a review of vertical equity measures in property assessments by the IAAO Statistical Tools and Measures Task Force.
   Past issues of the Journal are available through Research Exchange.
Registration opens soon for GIS/Val Tech
   Registration will open soon for the 2024 GIS/Valuation Technologies Conference, April 8-11 at the Le Meridien/Sheraton Charlotte Hotel in Charlotte, North Carolina. Early bird registration will continue through Feb. 12.
   Additional workshops have been set up this year and the optional pre- and post-conference workshops will provide deep dives into many important topics.
   The GIS/Valuation Technologies Conference for professionals in property assessment, tax administration, mapping, and information technology has been the favorite annual event for assessors and GIS professionals who use technology to make property assessment and tax administration more accurate and efficient for a quarter of a century.
   See the GIS page for more info.
Enhancing assessment operations and recovering revenues topic of Tyler Jan. 17 webinar
    Tyler Technologies is offering a webinar on Wednesday, Jan. 17, to explore the current industry landscape and note specific examples of how clients are relying on Tyler solutions and services to enhance the functions of their assessment offices and recover revenues to support constituents.
   The webinar, “How to Enhance Assessment Operations and Recover Revenues,” will be offered by Tyler, an IAAO Strategic Partner, from noon to 1 p.m. Central. Register here.
   For questions or information regarding strategic partnerships, please contact Leann Ritter at ritter@iaao.org.
Eagleview to host Jan. 31 webinar on uncovering lost revenue and boosting accuracy
    Take a deep dive into the significance of sketch verification for property assessors during a webinar by Eagleview on Wednesday, Jan. 31.
   By integrating sketch verification into regular assessment practices, assessors can recapture missed tax dollars and streamline their review processes, ensuring no change goes unnoticed. Sign up to explore how staying proactive with sketch verification can seal the cracks, bolstering both efficiency and revenue for local governments.
    The webinar, “Sketch Verification: The Key to Uncovering Lost Revenue and Boosting Assessment Accuracy,” will be offered by Eagleview an IAAO Strategic Partner from noon-1 p.m. Central on Wednesday, Jan. 31. Register here.
Hot topic: Valuing storage container houses
   IAAO Connect members are talking about the best ways to value houses made from storage containers. Read more
Owners of just 3,000 properties liable for Ireland’s new vacant property tax
   Owners of only 3,000 properties will have to pay the new Vacant Homes Tax, according to new figures from the Department of Finance.
   The tax was aimed at driving underused and vacant properties into the housing market to be available for sale or rent but the tiny number of homes liable for the levy suggests it is unlikely to have a significant impact on supply. Read more
Detroit mayor touts economists’ poll backing proposed Land Value Tax; critics unconvinced
   Detroit Mayor Mike Duggan is touting the proposed Land Value Tax plan once again, pointing to national economists who support the plan.
   The University of Chicago’s Kent A. Clark Center for Global Markets conducted a poll of national economists weighing the plan’s viability. Of the 31 respondents who addressed the question of viability, 83% agreed or strongly agreed that it would substantially boost economic growth and development over the next 10 years. Read more
Unaccredited Florida university should pay taxes
on $1.6 million home, magistrate rules
   Rep. Carolina Amesty’s family-run university should not be exempt from paying property taxes on the $1.6 million house it owns because it is used as a private residence and is not “an integral part of the educational institution,” according to a special magistrate ruling released Tuesday.
   Central Christian University, where the Republican lawmaker serves as vice president, argued it should not pay 2023 property taxes on the five-bedroom pool home, because its president, Amesty’s father, resides there and uses it for some university business.
   The house sits in an upscale golf community that isn’t accessible to visitors unless they show a pass to a guard at its entrance. It’s about 15 miles from Central Christian’s campus. Read more
Singapore offers one-time rebate up to 100% for homeowners to cushion higher property taxes
   A one-off property tax rebate for owner-occupied homes, ranging from 100% for the smallest public flats to 15% for private properties, will be given next year to offset the expected rise in property taxes. Read more
U.S. Rep proposes Stop Wall Street Landlords Act
to address housing market concerns
   U.S. Rep. Ro Khanna of California on Tuesday voiced his apprehensions regarding the financialization of the housing market by Wall Street and the impact of institutional investors on the ability of individuals to own houses.
   In his recent post on X (formerly Twitter), Khanna highlighted a newly launched single-family residential fund by Arrived, a real estate investment platform supported by Amazon founder Jeff Bezos. To address these concerns, Khanna called for the passage of his proposed Stop Wall Street Landlords Act. Read more
Colonial Heights, Virginia
• City Assessor, City of Colonial Heights See more
Fort Collins, Colorado
• CAMA Modeler, Larimer County Assessor See more
Deland, Florida
• Commercial Property Analyst, Volusia County Property Appraiser 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
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Keith Robison
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