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The American dream of owning a home is dead, most renters say
The American dream of owning your own home is dead, according to the
majority of renters surveyed in a new poll shared exclusively with the
Guardian, and the areas they live in have become so unaffordable they
are “barely livable.” The poll, conducted by the Harris
Poll Thought Leadership and Future Practice, asked survey takers to
identify themselves as renters or homeowners, along with other
demographic information. Those polled were asked their opinion on home
ownership in the United States. For many, especially renters, the outlook is bleak.
Though the vast majority of renters polled said they want to own a
house in the future, 61% said they are worried they will never be able
to. A similar percentage believe no matter how hard they work, they’ll
never be able to afford a house. Read more |
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The near certainty of a double-digit jump in Vermont’s property tax rate made its mark on Town Meeting Day voters.
Of the 93 school budgets considered, Vermont voters
defeated 29 of them. In Franklin County, only two school budgets passed.
They were Fletcher Elementary and Maple Run Union
School District. Enosburg-Richford, Fairfax, Georgia, and Missisquoi
Valley Union school districts all saw their school budgets defeated.
Vermont has not seen school budget defeats at this level for decades. Read more
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Mortgage rates fell for the second week in a row,
declining to the lowest level in more than a month. And as mortgage
rates decline, supply is starting to rebound. New listings hit a
17-month high in February, while the number of homes for sale rose to
the highest level in a year.
It’s an improvement, but supply-demand remains far
from balanced. The culprit: Side effects of the Fed’s aggressive
rate-hiking campaign. Read more
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IAAO NEWS
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IAAO selects Amy Rasmussen for executive director
After a nationwide search by the Executive Director Search
Task Force, the board selected Amy Rasmussen, RES, AAS, FIAAO, to serve
as the new IAAO Executive Director.
She serves as chief deputy assessor for the Riverside
County (California) Assessor-County Clerk-Recorder’s Office, and will
join IAAO April 1. Before her position in California, she was chief
deputy assessor for the Polk County (Iowa) Assessor’s Office.
Amy served on the IAAO Board as a director and was on
the Executive Committee as immediate past president, president,
president-elect, and vice president.
She led IAAO through the pandemic as president in 2020. Her
IAAO service also includes serving as chair of the Mentorship Task
Force and Professional Development Committee; as a member of the Finance
and Vision 20/20 Committees; and as a representative to the Association
of Appraiser Regulatory Officials (AARO).
April 3 webinar: ‘Making Marijuana Personal’
Host Bryan Shuck will present a real-world approach to
assessing commercial marijuana facilities during IAAO’s April webinar on
April 3.
He will break down each of the three major facility types
(grower, processor, and dispensary) to show what you would expect to see
in a typical cannabis facility, including equipment, furniture and
fixtures, and inventories, and the values associated with each of them.
Shuck is personal property supervisor with the Cleveland County Assessor’s Office in Norman, Oklahoma.
The webinar is set for noon Central on Wednesday, April 3,
and is eligible for 1.5 CEU hours. The cost is $55 for IAAO members and
$77 for nonmembers. Register here.
Get up to date during April 5 online Town Hall
IAAO will host an online Town Hall at 10 a.m. Central on
Friday, April 5, to update members on recent association activities and
plans for 2024 and beyond.
Members can register to attend at www.iaao.org/townhall24.
IAAO President Rebecca Malmquist, CAE, and new
Executive Director Amy Rasmussen, RES, AAS, FIAAO, will deliver updates
on committee and task force activities, review strategic planning
efforts, and go over the status of IAAO meetings, membership, and
education.
Register today for the online Town Hall, set for Friday,
April 5. Questions for the Town Hall may be submitted in advance to townhall@iaao.org.
March is Membership Madness
Refer a new member in March and you and that new member
will be entered into the IAAO Membership Madness bracket for the chance
to receive one free IAAO Self-Study Course and a bundle of IAAO swag.
IAAO Membership Madness bracket entries are reserved for
the first 32 IAAO members who refer a new member, as well as the new
member they refer, between March 1 and March 31. Matchups will be
decided by coin flip and will be revealed on YouTube and Facebook Live
at 10 a.m. Central on Monday, April 8.
For current members to be eligible, the new member must
include the current IAAO member’s name on their application. One entry
per IAAO member.
To refer a member, have the new member include your name on the membership application, available online.
Next WIN’ing Conversations is April 18 on ‘Working Better Together’
People are your organization’s most valuable asset and the
Women's Initiative Network will review during their WIN'ing
Conversations call on April 18 at Noon central on “Working Better
Together: Exploring Communication, Roles, and Responsibilities.”
As the staff and the community become increasingly
diverse, your success depends on the ability to understand and leverage
the dynamics of difference.
This session places culture within the context of an
interwoven network of relationships and offers ways to improve our
ability to comprehend and communicate with colleagues from varying
backgrounds and experiences. The goal is to develop and enhance the
tools to ensure that everyone in the workplace is heard, valued, and
respected.
The call will feature Barbara Cheives, president and CEO of
Converge & Associates Consulting Inc. More information and a registration link are here.
GIS/Val Tech Conference less than month away
The 2024 GIS/Valuation Technologies Conference is set for April 8-11 in Charlotte, North Carolina.
The conference, co-hosted by IAAO and URISA, is focused on
using technology to improve the property tax assessment process.
Three program tracks will be offered, with multiple
sessions in each: GIS Technologies, Leadership, and Modeling &
Valuation.
Additional optional workshops have been set up this year
and the pre- and post-conference workshops will provide deep dives into
many important topics. See the GIS webpage for more information.
Awards nomination deadline is May 1
IAAO is accepting award nominations through May 1. The IAAO
Awards Program celebrates achievements by individuals and organizations
in the valuation profession.
All IAAO members and affiliated organizations are eligible
to submit nominations. Winners will be announced at the IAAO
Annual Conference in Denver. The submission deadline is May 1.
For more information on how to nominate someone, see the March issue of Fair+Equitable magazine or go to www.iaao.org/awards.
IAAO Fellows Council is asking for nominations
The IAAO Fellows Council is seeking nominations for
individuals who have distinguished themselves and made a significant
contribution to the organization. The Council is looking for members
with at least 10 years of IAAO membership and at least 15 years of
experience in the assessment profession.
The IAAO Fellows title recognizes individual IAAO members
who have dedicated their careers to the development of the profession
and have made exceptional contributions to IAAO and the assessment
industry. Submit your nominee using the IAAO Fellows nomination form on the IAAO website by May 1.
Conference registration opens in April, hotel block now available
Registration for the 2024 IAAO Annual Conference, Aug.
25-28 in Denver, will open in April, and members planning on attending
can now reserve a hotel room.
The conference headquarters is the Hyatt Regency Denver at
the Colorado Convention Center. The conference hotel room rate is $239,
and rooms are available online. The cutoff date to reserve a hotel room in the conference block is July 31.
More than 60 sessions are expected to be offered at the
conference. Session titles, times, and speakers will be available on the
2024 Conference Education Sessions page released later in the spring.
Attendees should have the opportunity to earn 10 or more credit hours.
|  | MEMBER CONNECT CORNER
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IAAO Connect members are discussing how much value, if any, Tesla Solar Roofs add to a property’ s value. Read more
| AROUND THE INDUSTRY
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National Association of Realtors agrees
to slash commissions in $418 million settlement
The National Association of Realtors will pay $418 million
in damages to settle allegations it conspired to boost agents’
commissions, the organization said.
If the settlement is approved, the lawsuits will change the
way we buy and sell houses — potentially lowering the commission rates
that buyers pay. Read more
Where do California taxes rank nationally?
A new study may surprise some
Sure, California is a high tax state. But it’s not the highest.
A new study from WalletHub, which analyzes financial data,
says California is nowhere near the top of the state and local tax rate
rankings of highest tax states.
Yes, the state income tax rate is among the steepest for
wealthier people, topping out at 13.3% for millionaires, and its
gasoline tax of 57.9 cents a gallon is considered the nation’s highest.
But add in other factors, such as real estate or sales
taxes, as well as lower income rates as incomes get smaller, and the
picture changes somewhat. Read more
Mansion taxes: Building stronger communities
with progressive taxes on high-value real estate
Building homes and easing housing costs for working
families. Improving public school facilities. Delivering shelter and
stability to people in need. Investing in transit and infrastructure.
Repairing the harms of structural racism.
These are just a few of the ways cities and counties
across the country are putting progressive real estate transfer taxes to
work to achieve more resilient and inclusive communities. Read more
San Francisco’s Prop. C tax waiver for
office-to-housing conversions wins approval
San Franciscans voted to approve Proposition C, which would
allow for a one-time transfer tax exemption for property owners who
convert office buildings to housing. The exemption would apply to the
first sale of a property after its conversion.
The transfer tax exemption would apply to property owners
who get approval to convert commercial property to housing before 2030.
The measure required a simple majority to pass. Read more
Studies show Colorado property taxes are ‘extremely low.’ So why do they feel so high?
Public outcry over a 40% jump in homes’ taxable values
spawned a multi-million dollar ballot fight, a special legislative
session and a bipartisan commission to study tax relief for homeowners.
And there’s more to come, with a number of property tax measures vying
for voter approval on the November 2024 ballot.
There’s just one detail that’s difficult to square with the
political panic: Study after study from researchers across the
political spectrum shows that Colorado’s property taxes aren’t all that
high.
In reality, they’re close to the lowest in the entire country. Read more
Top state court rules NYC property tax system may violate federal, state law
New York’s highest court issued a new ruling on Tuesday
that could upend the way New York City collects billions of dollars in
property taxes each year.
The state Court of Appeals sided with a coalition of
homeowners and real estate industry groups — known as Tax Equity Now New
York — who sued the city, claiming the property tax system sets far
higher rates on rental buildings and small houses in lower-income
neighborhoods than on condos and houses in wealthier areas. Read more
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Staunton, Virginia
• City Assessor, City of Staunton See more
Memphis, Tennessee
• Appraiser, Assessor of Property See more
Waukesha, Wisconsin
• Senior Appraiser, City of Waukesha See more
San Diego
• Chief Deputy Assessor, San Diego County Assessor See more
Kissimmee, Florida
• Commercial Appraiser, Osceola County Appraiser’s Office See more
Chicago
• Junior Analyst, Cook County Assessor’s Office See more
Ormond Beach, Florida
• Plans Examiner, City of Ormond Beach See more
Titusville, Florida
• Sr. Director, Valuation Services, Brevard County Property Appraiser See more
Port Charlotte, Florida
• Senior Appraiser Residential/Commercial Improvements, Charlotte County Property Appraiser See more
Monroe, North Carolina
• Deputy Tax Administrator, Union County See more
Prince George, Virginia
• Real Estate Assessor, Prince George County 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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