The appraisal gap is complicating real estate deals across the United States >
The house checked off every box on Linda’s list. It had a fenced-in yard, an updated kitchen, a “man cave” for her husband, and was in a good school district. The Nashville-area house was listed at $405,000. Linda beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value $50,000 below what she paid. With others waiting in line, the seller wouldn’t budge on price. Linda had a sizable down payment but still needed to find a way to close the appraisal gap. Read more
With less than three weeks left in the legislative session, a key Senate panel Wednesday supported providing a tax break to property owners who elevate homes to address potential flooding, part of a House plan to combat rising sea levels. The Senate Finance and Tax Committee unanimously approved a proposal that would ask voters in 2022 to approve a constitutional amendment to provide the property-tax break. Read more
A move to alter the Davidson County, Tennessee, line at the request of one property owner is advancing through the state legislature. Davidson County's Assessor of Property, Vivian Wilhoite, opposes the move, and said it could open the flood gates for others to try and leave the county to avoid paying higher property taxes. “This is going to be a big deal that could open Pandora's box,” Wilhoite said. Read more

+ A salute to the more than 300 IAAO volunteers >

April 18 to 24 is National Volunteer Week and IAAO would like to thank the more than 300 volunteers who serve the association. National Volunteer Week is an opportunity to recognize the impact of volunteer service, the power of volunteers to tackle society’s greatest challenges, and be a force that transforms the world. IAAO has volunteers serving on the board, committees, tasks forces, councils, trusts, as IAAO representatives, and as representatives with other organizations. A list of IAAO volunteers serving is available online. Read more
+ IAAO issues statement on fair and equitable assessments >
Recent news reports have highlighted potential disparities, or regressivity, in low-income properties being overvalued during the assessment process, and IAAO recently released a statement on fair and equitable assessments. IAAO and its members are committed to providing fair and equitable property valuation assessments. IAAO believes regressivity in assessment is a serious issue and that valuation disparity is an assessment, legislative, political, and educational issue. Property tax caps, credits, and freezes, for example, may contribute to disparities in valuations. Therefore, all parties must work together to identify any existing issues and to prevent disparities from occurring in the future. Read more

+ Register for the 2021 Emerging Leaders’ Summit >

Registration is now open for the 2021 Emerging Leaders’ Summit, and this year’s event, “GROW into Coaching,” is a multi-part skill-building certificate program. Participants will engage in a content-rich program including three webinars (June 23, July 14, and Aug. 11) focused on leading through coaching with a growth mindset. The program, sponsored by Tyler Technologies and Data Cloud Solutions, will culminate in an interactive event, “Embracing Change,” in Chicago during the IAAO Annual Conference. Emphasis will be on learning the GROW coaching model. Presenting in Chicago will be award-winning coach, author, educator, and speaker, Judy Favor, Ph.D. The Chicago session will be available on video for participants unable to attend the conference. Read more
+ RICS Global Valuation Conference is April 19-22 >
The RICS Global Valuation Conference will take place virtually from Monday, April 19 to Thursday, April 22. The conference invites RICS registered valuers from over 100 countries to come together for a program that will deliver a mix of global and regional sessions, addressing the key topics within the world of valuation, including: determining and reporting value, advancement of technology, new client expectations, rise of sustainability and ESG demands, changing markets and social behaviors, and changes to global standards and legislation. The program’s overall goal is to bring the profession together as a new era of valuation emerges. Read more

+ Appraisal Foundation diversity data survey open to IAAO members >

IAAO members and those in the appraiser community can participate in a survey conducted by The Appraisal Foundation focusing on gathering diversity-related demographic data and opinions. The survey closes on April 30, is anonymous, and takes three to four minutes to complete. The Foundation said the survey creates only aggregate information and does not ask for any individual, personal information. To promote public trust in the appraisal profession, and to understand how to best proceed, The Appraisal Foundation is using the survey to look for better insights about the demographics of today’s appraiser community. Read more

+ U40 Leadership Lab Grant applications now accepted >

Applications are now being accepted for the U40 Leadership Lab Innovation Grants to send to the Annual Conference under-40 members who have carried out a creative idea and have had a tangible and positive impact on the processes or procedures in their jurisdiction. The grant provides financial aid to those who would not typically be able to attend the conference and the winners will then present their improvement at the conference in Chicago. Applicants not selected, or who are selected but not asked to present, agree based on their application, that their improvement may still be shared. A grant application form is available to download. The submission deadline for applications to be received by IAAO by postal mail or email (scholarships@iaao.org) is July 1. Read more 

+ Friday webinar focuses on crisis performance management >

"Performance Management in a Crisis" will be the focus of an IAAO webinar on Friday, April 16 from noon to 1 pm Central. In this webinar, Santa Clara, California, Assessor Lawrence E. Stone describes the cost accounting and performance management systems he created and has nurtured since he was first elected in 1994 as Silicon Valley's Assessor. He will also discuss how to create an employee-culture in a heavily unionized environment that embraces customer service and accountability. The webinar will offer one hour of CEU credit. Read more

+ Nomination deadline is May 1 for IAAO Awards, Fellows programs  >

IAAO is accepting nominations for its Awards Program and Fellows Program through May 1. The Awards Program boasts numerous categories recognizing individual and organizational achievements in areas including publications, technical expertise, and service to IAAO. Award winners and Fellow selections are recognized at the IAAO Annual Conference. The Awards Program is a highly visible event and all IAAO members and affiliated organizations are encouraged to submit nominations. Fellow nominees are brought forth by the IAAO membership each year and presented during the awards nominations period. Read more
+ Hot Topic: IAAO's data quality research initiative >
IAAO Connect members are discussing IAAO's data quality research initiative. Read more
California’s 58 county assessors are seeking clarification on the implementation of a new property tax measure with the hope to delay a provision that makes it more costly for children to inherit some homes from their parents. Narrowly approved by voters last November, Proposition 19 partially took effect on Feb. 16, but according to Los Angeles County Assessor Jeff Prang, many homeowners are not yet aware of its impact. Read more
With so much uncertainty surrounding the housing market, many Americans may be afraid that buying or selling a house is too risky. A recession isn’t great news for buyers, especially with the average family unable right now to afford a home in many parts of the country. Prospective homebuyers are also concerned about their ability to make mortgage payments. Read more
Indiana lawmakers change tax bill to no longer impact GOP leader's property >
A state Senate committee walked back the impact of a property tax bill last week, a day after the Indianapolis Star reported how it would benefit a state Republican party leader. The bill would have prohibited local assessors from increasing someone’s property taxes for the following four years after a property owner wins a tax appeal. While Rep. Ed Soliday, R-Valparaiso, said the bill will help people across the state, he only listed one concrete example of rates being increased after an appeal: property owned by Chuck Williams, the state treasurer of the Republican party. Read more
+ West Virginia lawmakers drill deeper, compromise on natural gas property tax bill >
A compromise was reached between the West Virginia Senate and the House of Delegates on a bill creating a better property tax valuation system for oil and natural gas wells and effecting tax revenue for counties. The bill would provide a revised methodology to value oil and natural gas properties by the State Tax Commissioner in response to a West Virginia Supreme Court of Appeals decision in 2019 that struck down part of the methodology the department uses to value active oil and natural gas well sites. Read more
+ Missoula, Montana >
Property Appraiser I, Montana Department of Revenue See more
+ Salem, Oregon >
Rural Property Appraiser 2, Marion County Assessor's Office See more
+ Marlborough, Massachusetts >
Principal Assessor, City of Marlborough See more
+ Kingman, Arizona >
Chief Appraiser, Mohave County Assessor See more
+ Fort Lauderdale, Florida >
Deputy Appraiser I-Residential Department, Broward County Property Appraiser See more
Deputy Appraiser I-Commercial Department, Broward County Property Appraiser See more
+ Milwaukee, Wisconsin >
Property Appraiser 3, City of Milwaukee See more
Senior Property Appraiser 1, City of Milwaukee See more
+ West Palm Beach, Florida >
Senior Commercial Appraiser, Palm Beach County Appraiser's Office See more
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