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The challenges suburbs face in refilling office space
Nearly one in five commercial offices were empty at the end
of last year. It was the highest rate of office vacancy in more than 40
years, according to Moody’s Analytics — the culmination of a trend that
was supercharged by the COVID-19 pandemic and a broad shift to remote
work in many fields.
The growing vacancy problem has been especially
worrisome in urban downtowns, where whole economies have been built
around the presence of daily commuters.
But it’s also a concern in suburban areas, where
office space tends to be more cloistered than it is in cities but can
still generate a substantial portion of tax revenues. Read more
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Property tax anger is growing across America
Americans are growing increasingly frustrated at property tax levels, a new poll shows.
According to a UChicago Harris/AP-NORC poll, around two
thirds of Americans surveyed believe their property tax rate is too
high.
The survey found 69% of adults believe their property tax
rates were “unfair,” with 27% saying they were “about right,” and 3%
claiming they are taxed too little.
Republicans are significantly more likely to say local
property taxes are too high, with 77% of GOP supporters believing rates
are much or a little too high, in comparison to 35% of Democrats. Read more
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The frozen housing market may be starting to thaw
The U.S. housing market has been largely frozen for the
last two years, but it's starting to show signs of a thaw as sales
activity and mortgage applications pick up, and mortgage rates ease.
The National Association of Realtors reported last week
that pending home sales climbed 8.3% in December from November, hitting
77.3.
That marked the biggest increase since June 2020, a month
that saw a 14.9% spike, and beat out consensus projections of a modest
2% growth. Read more
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IAAO NEWS
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Feb. 20 WIN’ing Conversations call to review Microsoft Office tools
Get ready to discuss time management tips and
organizational tools during the next Women’s Initiative Network WIN’ing
Conversations call at noon on Tuesday, Feb. 20.
Carmen Trammell, Leon County (Fla.) Property
Appraiser's Office, will review Microsoft Office tools that can be used
for organizing your office, time, and life. For example, Microsoft
Outlook is not just used for scheduling meetings. Learn more about
setting reminders and organizing emails.
Additionally, Microsoft OneNote is a great tool for
note taking and keeping all your important information in one place.
With a little practice and knowledge, you can stay on top of your busy
schedule and get more done in less time. The call is free. Sign up here.
Voting underway on ratifying bylaw updates
Voting ends on Feb. 9 on a special election to ratify
additions to the IAAO bylaws. The proposed bylaw amendments would allow
the board to establish councils and affinity groups.
The election takes place Jan. 25 - Feb. 9 and a copy of the ballot is available to view. Intelliscan, who has handled past IAAO elections, sent ballots and reminders to regular IAAO members. To ensure that you receive the email ballot, add Intelliscan's email address ( IAAO@intelliscanvotes.com) to your safe senders list.
Esri Canada Feb. 28 webinar explores blockchain technology and the assessment industry
Explore the transformative potential of blockchain
technology to power the assessment industry and CAMA applications during
a webinar by Assessment Analyst/Esri Canada, an IAAO Strategic Partner.
By using blockchain, a transparent and secure property
registry, enabling unique digital identities for each property with
comprehensive ownership history and transaction data can be established.
Ultimately, blockchain technology challenges
traditional methods, promising increased transparency, efficiency, and
inclusivity within the property assessment industry.
The webinar, “Where can Blockchain Technology Fit in
the Assessment Industry?,” will take place from noon to 1 p.m. Central
on Wednesday, Feb. 28. Register here.
IAAO to offer all CAE courses online in 2024
IAAO is setting up live online courses to allow students to complete the Certified Assessment Evaluator (CAE) designation
education requirements in a year. Between live online classes and
self-study options, students will have opportunities to take all classes
required to earn the designation.
The CAE requires courses 101, 102, 112, 311, 400 and
workshops 151 and 171. Courses 101, 102, and Workshop 171 are available
now as self-study courses, and dates for the other courses will be
announced soon.
Start the process now and get on the fast track to a CAE designation!
Feb. 2 deadline for topic proposals for virtual appraisal symposium
The deadline to submit topic proposals for the 2024 Mass
Appraisal Valuation Symposium is Feb. 2. The International Property Tax
Institute and IAAO are presenting the virtual symposium on June 26-27
and are currently soliciting program topics. The theme of the virtual
event is “Challenges and Opportunities.” Use the online application at www.iaao.org/mavspresent24 to submit the presenter information, topic, and a short synopsis of the proposed topic.
Early registration for GIS/Val Tech ends Feb. 12
Early bird registration discounts for the 2024
GIS/Valuation Technologies Conference, April 8-11 in Charlotte, North
Carolina, ends on Feb. 12. The conference, co-hosted by IAAO and URISA,
is focused on using technology to improve the property tax assessment
process.
There are three program tracks
with multiple sessions in each: GIS Technologies, Leadership, and
Modeling & Valuation. Additional workshops have been set up this
year and the optional pre- and post-conference workshops will provide
deep dives into many important topics. See the GIS webpage for more information. Registration rates increase after Feb. 12.
Leap into the New Year with Launch Pad
In the early stages of your assessing career? Launch Pad is the group for you.
Join fellow early professionals in the field of
assessing and find out how you can engage with IAAO and invest in your
career.
Launch Pad is hosting periodic Zoom meetings where we
enable discussions on personal growth, career advancement,
problem-solving, and getting the most out of IAAO membership. All IAAO
members are encouraged to join Launch Pad and “leap” into the new year
at the next meeting at 10 a.m. Central on Thursday, Feb. 29. Online
registration is now open.
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IAAO Connect members are discussing the valuation of cell towers and cell tower attachments. Read more
| AROUND THE INDUSTRY
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GOP plan would allow Arizona property owners to get a tax refund over ‘public nuisance’ complaints
Republican lawmakers want to give Arizonans the chance to
recoup some of their property tax payments if cities refuse to enforce
laws related to homelessness and panhandling.
The proposal from Senate President Warren Petersen
(R-Gilbert) and the conservative Goldwater Institute would allow
property owners to request a refund if cities or counties fail to
address public nuisances like illegal camping and panhandling. Read moreColorado bill would increase property taxes on short-term rentals by four times the value
The bill would assess how many days a rental would be used,
and try to base tax rates around that meter. From the bill’s current
language "If, during the previous property tax year, a short-term rental
unit was leased for short-term stays for more than 90 days, then it is
classified as lodging property.
Otherwise, it is classified as residential real property. That's where a lot of the fuss is now coming from. Read more
Wisconsin farmland is supposed to be taxed on its use. A new report shows that’s only part of the assessment.
Like most states, Wisconsin treats farmland differently
when it comes to property taxes. State law says that agricultural land
is assessed “according to the income that could be generated from its
rental for agricultural use.” But a new report from the Wisconsin Policy Forum found
the way farmers’ property tax bills are assessed is lower than if they
were based on income alone. Read more
Appraisal Foundation seeking candidates for Board of Trustees
The Appraisal Foundation is seeking candidates
to fill three public interest positions on its Board of Trustees. One
term is a three-year term, and two terms are four years. All terms begin
on January 1, 2025.
The Trustee Nominating Committee has highlighted a
need for representation from the following groups: Business Valuer, Fair
Housing Advocate, International Valuer, Personal Property Appraiser,
and Residential Real Property Appraiser.
The Board of Trustees provides financial
support and oversight to the Foundation's two independent boards, the
Appraiser Qualifications Board and the Appraisal Standards Board.
The board meets twice a year, and, while trustees are
reimbursed for travel expenses, they are not compensated for their time.
Completed applications for Board vacancies must be
received by March 1. Contact Board and Councils Program Manager Arika
Cole at 202-624-3072 or via email at arika@appraisalfoundation.org with any questions about the application process.
Realtor associations deluged with ‘copycat’ commission lawsuits
Realtors are being deluged with class-action lawsuits
threatening to upend the traditional real estate compensation system,
with 16 “copycat” cases filed in the wake of a mammoth $1.78 billion
verdict handed down in Kansas City, Missouri, last October against top
industry groups. Read more
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Marietta, Georgia
• Property Appraiser, Residential I, II, III, or IV, Cobb County Board of Tax Assessors See more
Titusville, Florida
• Director, Customer Service and Compliance, Brevard County Property Appraiser's Office See more• Sr. Director, Valuation Services, Brevard County Property Appraiser's Office See more
Chicago
• Manager of Computer Assisted Mass Appraisal, Cook County Assessor's Office See more
Paola, Kansas
• Field Appraiser III, Miami County 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
Wasilla, Alaska
• Appraiser Supervisor, 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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