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Empty office buildings won’t be the solution to the U.S. housing shortage
A cocktail of headwinds has kept housing unaffordable for
many Americans, but the increasing number of empty offices is unlikely
to bring any meaningful relief to the supply-starved market.
The pandemic ushered in a new era of remote work, and it's
caused a structural decline in office demand that is set to worsen in
the years ahead, Goldman Sachs said.
Real estate experts have theorized that
office-to-residential conversions could be a promising solution to the
supply problem, but strategists at the bank caution that would be
neither simple nor cheap. Read more
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Despite a market that many consider to be overpriced
with outrageous interest rates according to the real estate platform,
nearly 4 million houses were bought last year, and 20 neighborhoods in
particular stood out for selling property the fastest.
Almost half are in Texas with Houston suburb Cypress,
Texas, jumping to first place, while the rest are in Florida, the
Carolinas, Tennessee, and Oklahoma. Read more
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Property tax refunds when cities ignore ‘public nuisances’ heads to Arizona ballot
The Arizona Legislature passed a ballot measure that would allow
property owners to apply for property tax refunds if their local
governments don't address illegal camping, panhandling, or "public
nuisances.”
It passed the House and Senate on party line votes.
Democratic Sen. Priya Sundareshan opposed the bill, saying it would take
away critical funding for cities.
“...
And so I'm so confused why we're rushing to, in essence, defund the
police when I know my colleagues on the other side have a problem with
that,” she said. Read more
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IAAO NEWS
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Register for GIS/Val Tech, April in Charlotte
Register now for the 2024 GIS/Valuation Technologies
Conference, 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 with multiple sessions in each: GIS
Technologies, Leadership, and Modeling & Valuation will be offered.
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.
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.
IAAO offering CAE courses online for Fast Track completion
IAAO has set up live online courses to allow students to
complete the Certified Assessment Evaluator (CAE) designation education
requirements in a year. Between the 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 now
self-study courses, and dates for the live online courses have been
released.
Start the process now and get on the fast track to a CAE designation! See www.iaao.org/fasttrack for course dates and information.
IAAO awards program nominations and submissions are open
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
submit a submission, see the March issue of Fair+Equitable magazine or
go to www.iaao.org/awards.
The Fellows Council of IAAO is asking for nominations
The 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.
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.
Mobile technology focus of Data Cloud’s March 20 webinar
The demand for enhanced data collection tools and
heightened data quality is becoming increasingly critical to all aspects
of appraisal operations and Data Cloud Solutions, an IAAO Strategic
Partner, will be reviewing it during a webinar, “Enhancing Every Facet
of Your Appraisal Operation through Mobile Technology,” at 1 p.m.
Eastern on Wednesday, March 20.
A well-designed and fully integrated mobile solution not
only increases productivity but greatly improves data quality resulting
in more consistent and predictable values leading to fewer appeals.
In this session, Daniel Anderson, Founder of DCS, will be
leading a discussion on how mobile technology has improved not only
productivity for field staff but also improved overall operational
efficiency while lowering costs for hundreds of jurisdictions across
North America.
Topics will include optimized travel routing, instant photo
association, sketching, GIS maps and integrations, workflow management,
data validation and quality control, field location tracking, and
reporting. Register here.
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IAAO Connect members are
discussing training tools for reinforcing the differences between grade
and condition for field appraisers. Read more
Check out the requests for proposals on Connect
• Broward County Property Appraisers Office Sketching Program
• Marion County, Indiana Request for Information (RFI) for Property Tax Software Solutions . Read more
| AROUND THE INDUSTRY
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A big shift awaits the housing market: 9 million boomers to sell their homes by 2035
There will be 9.2 million fewer baby boomer homeowner
households by 2035, according to a recent analysis published by Freddie
Mac.
While economists at Freddie Mac estimate that the number of
baby boomer homeowner households will decline from 32 million in 2022
to 23 million by 2035, they don’t anticipate this picking up steam for a
few more years. They say what some have called a “silver tsunami” will
really be more of a “gradual reduction.” Read more
Louisiana governor makes it easier for companies
to get tax breaks that take money away
from cash-strapped schools
Louisiana Gov. Jeff Landry signed an executive order on
Feb. 21 removing school boards’ veto power over corporate property tax
breaks that take money away from schools.
It also did away with a requirement that projects granted the tax breaks create jobs and retain jobs.
Now, companies that apply for Louisiana’s Industrial Tax
Exemption Program, which can grant property tax breaks of 80% over 10
years, will go to a local industrial board, then a state industrial
board, for approval. If the local and state boards disagree on whether
to grant a tax break, the governor will be the tiebreaker. Read more
Amid Australia’s housing crisis, why are taxpayers propping up the price of empty holiday homes?
Debate is once again raging about the role vacant homes and
short-stay rentals play in pushing up the cost of housing. Much of the
commentary about the issue has missed the point, treating it as an
isolated problem.
But the sheer number of holiday homes and short-stay
rentals across Australia are a symptom of a housing system that’s unfair
at its core. Read more
Missouri’s senior property tax freeze could affect schools, local entities
If Boone County voters approve a senior property tax freeze
on the ballot April 2, schools and other local taxing entities could
see a drop in revenue.
The loss of those funds could affect the ability of cities
to pay for basic items, such as police salaries. For school districts,
the result could mean less money for teachers, several local government
leaders reported. Read more
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Waukesha, Wisconsin
• Senior Appraiser, the city of Waukesha See more
San Diego
• Chief Deputy Assessor, San Diego County Assessor See more
Memphis, Tennessee
• Appraiser (Assessor), Assessor of Property See more
Staunton, Virginia
• City Assessor, city of Staunton See more
Montpelier, Vermont
• Commercial Appraisal and Litigation Assistance Program Manager, Vermont Department of Taxes See more
Canton, Ohio
• Appraisal Analyst, Stark County Auditor See more
Brighton, Colorado
• Regression Analyst, Adams County Government See more
Fort Wayne, Indiana
• GIS Assessment Tech, Allen County Assessor's Office See more
• Senior Data Analyst, Allen County Assessor's Office See more
Titusville, Florida
• Sr. Director, Valuation Services, Brevard County Property Appraiser 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
Birmingham, Alabama
• Principal Real Property Appraiser, Jefferson County See more
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International Association
of Assessing Officers
314 W. 10th Street
Kansas City, Missouri 64105
816-701-8100
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Keith Robison
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