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Landlords sue to push back against eviction ban >
As
millions of Americans struggle to pay their rent during the coronavirus
pandemic, landlords are going to courts, claiming the national eviction
moratorium unfairly strains their finances and violates their property
rights. At least 26 such lawsuits have been filed by property owners
this year, including several federal challenges of President Donald
Trump’s directive, delivered by the Centers for Disease Control and
Prevention, that broadly prevents evictions through the end of 2020. Read more
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The state of Ohio on
Monday ordered General Motors to repay $28 million in public subsidies
for reneging on its promise to keep its Lordstown plant open. The
automaker had pledged to keep operations going until 2040 but closed the
plant last October. GM cited the collapsing market for small cars, but
state officials said the closure violated the terms of two economic
development agreements GM signed with Ohio more than a decade ago. Read more
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IAAO NEWS
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+ Former IAAO Board member Kellianne Nagy dies >
Kellianne
Nagy, a longtime member, passed away on Sept. 23 after a courageous
battle with cancer. She worked in the assessment field specializing in
personal property for over 25 years. Before settling in Charlotte, North
Carolina, where she was employed with the Mecklenburg County Assessor’s
Office as an Assistant Assessor for Personal Property Services,
Kellianne worked for Oakland County Equalization, Masco Company, the
Ford Motor Company, and the Ryan Company. She served on the IAAO
executive board from 2005-07, several committees over the years, and was
active in other assessing associations in Michigan and North Carolina.
North Carolina was Kelli's home for the last 12 years where she actively
played a major role at St. Matthews Church and was heavily involved in
the SPRED program. Memorial contributions may be made to St. Matthews
Church S.P.R.E.D. program, 8015 Ballantyne Commons Parkway, Charlotte,
NC 28277. See her full obituary here.
+ Friday is deadline to request that IAAO apply
for CLE credits for Legal Seminar >
The
deadline to request IAAO to apply for continuing legal education (CLE)
credits for the 41st Annual Legal Seminar, Dec. 3-4, 2020 in Austin,
Texas, is Oct. 2. The seminar will take place at the Omni Austin Hotel
Downtown, and the IAAO Meetings Department has been working with hotel
officials to offer the seminar safely and responsibly. Topics for the
seminar include recent developments in real property taxation, cost of
equity relevance to valuation of a public utility, valuation of
renewable energy facilities, the impact of Covid-19 on hotel and
restaurant values, equal protection challenges in property tax cases,
public officials dealing with sovereign citizens, and ethics for
lawyers. Attendees can register online or submit a paper form. Fees are
$500 for IAAO members and $700 for nonmembers until Nov. 1. After that
date, fees increase to $550 for members and $750 for nonmembers. Read more
+ President-Elect McHenry a panelist for webinar
on Assessment Appeals >
IAAO President-Elect Greg McHenry, Appraiser, Riley County, Kansas, will be a panelist on an upcoming webinar, Assessment Appeals – How to Receive Less and Win More,
brought to you by Vision Government Solutions. The webinar roundtable
is set for 12:30 p.m. Central, Oct. 14, and will feature Mr. McHenry;
Derek Green, City Assessor, Williamsburg, Virginia; Greg Daniels, Real
Estate Assessor, Chesapeake, Virginia; and Michael Flynn, Commercial
Assessor, Quincy, Massachusetts. Register here
+ Membership renewal invoices are on the way
Membership
invoices were sent electronically to members today for the 2021
membership year and are due by the end of 2020. Members may pay online
through the IAAO website, or members who are not on an agency bill may
return the invoice emailed to them. The base membership rate will be
$220 per year beginning in 2021 and members will receive materials
electronically. The change was approved at the July meeting of the IAAO
Board of Directors as part of a decision to move members into one
category that will receive publications electronically. Read more
+ Deadline to apply to serve as an IAAO 2021 volunteer is Oct. 2 >
IAAO
is accepting applications through Friday, Oct. 2 from potential
volunteers to serve on committees and task forces over the next year.
This is a great opportunity to become involved in the Association, meet
others, share your time and talent by assisting IAAO and the industry
through volunteer service. Volunteer appointments for 2021 will take
place in November. Members interested in volunteering should visit the
IAAO Volunteer page to apply. Read more
+ Bylaws amendment on election ballot >
The IAAO Governance Committee has proposed amendments
to the IAAO Bylaws and the IAAO Board of Directors approved its release
to be voted on by regular members in the 2020 election, Nov. 1-15. The
amendments were compiled by the Governance Committee during a review of
the governing documents to ensure that the By-Laws are clear, concise,
and do not repeat or conflict with other governing document
language. A copy of the document with proposed changes is
available to view. Members will also vote on candidates for the Board of
Directors. Read more
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IAAO Connect Corner
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+ Hot Topic: How to treat apartment rental concessions >
IAAO Connect members are discussing apartment rent concessions. Read more
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AROUND THE INDUSTRY
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+ Panel asks judge to decide if Nashville residents can vote on property tax referendum >
The
Davidson County Election Commission voted Friday to ask a judge for an
opinion on whether a referendum to roll back Nashville’s 34% property
tax increase and curb the city’s power to increase future rates is
valid. After a lengthy debate about whether the language was written in a
clear, legal way, the panel voted 3-2 to ask a judge to rule on the
referendum and whether the commission can legally place it before
voters. Read more
This
year is on track to rival 2010 in retail bankruptcies. In 2010
following the Financial Crisis, 48 retailers filed for bankruptcy,
marking one of the most significant years for retail chapter 11 filings.
2020 could close the year exceeding that number, according to data from
BDO United States. Read more
A
revelation that President Donald Trump paid $1,500 in total income
taxes over 12 separate years has sparked intense skepticism about the
veracity and legality of his tax filings. In a report citing tax data it
obtained, The New York Times said the figures represent
claimed liabilities of $750 for 2016, and $750 for 2017, the only income
tax claimed for the 12 years, due to significant losses and deductions
that offset gains. While these losses reportedly enabled Trump to pay no
income taxes for 10 years, taking advantage of the tax code isn’t
illegal, unless the filer or their legal representative breaks the
rules. Read more
+ Institutional investors bet on manufactured housing as occupancy, rents continue to grow >
There
has been stable occupancy and rental collections in 2020 despite the
pandemic. As a result, some investors are now betting big on
manufactured housing communities. In the second quarter of 2020,
investment sales of manufactured housing communities totaled $821
million, a 12 percent increase compared to the fourth quarter of 2019
and a 23 percent increase over the first quarter of 2020, reports
commercial real estate services firm JLL. At the same time, valuations
in the sector have continued to increase and cap rates have been
compressing. Read more
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+ Fargo, North Dakota >
Appraiser-Land Management Specialist, City of Fargo See more
+ Hicksville, New York >
Field Staff Appraiser, Clario Appraisal Network See more
+ Brookfield, Wisconsin >
Property Appraiser I, City of Brookfield See more
+ Troy, Michigan >
Appraisal Quality Assurance Reviewer (remote), Flagstar Bank See more
+ New York, New York >
Lead Multifamily Appraiser, JLL See more
+ Lakewood, Ohio >
Commercial Staff Appraiser, WFG 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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