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How London’s property boom left Black Britons behind >
Buying a place to live is the single most important way of achieving prosperity in the United Kingdom and is so central to life that scrutinizing the property market is a national pastime. Yet, Black people risk falling further behind for generations as urban gentrification exposes gaping racial wealth disparities. An extreme example of gentrification is the district of Notting Hill, synonymous with slums and race riots in the postwar period before turning into one of the most highly coveted neighborhoods of the British capital. Read more

A Texas economic development program known as Chapter 313 allows industry to solicit school districts for lucrative property tax breaks. Chapter 313 offers huge property tax incentives for industrial projects in exchange for the company’s promise to bring long-term investment and high-paying jobs. Read more
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The quickly growing southwestern Idaho city of Caldwell is stopping all new residential development for four months because city leaders say a new property tax law could put its residents in “imminent peril” by straining public safety service. Officials say other cities are considering similar moves. Lawmakers pushed the bill through in three days just before the session ended. Read more
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IAAO NEWS
+ Conference registration opens Friday, May 21 >
Registration for the 2021 IAAO Annual Conference, Aug. 29 to Sept. 1 in Chicago, will open at 8 a.m. Central, Friday, May 21. Registration forms also will be available to download, and hotel reservations are available to book. More than 70 sessions will be offered at the conference. The virtual conference component will include access to a select number of education sessions, networking opportunities, exhibitors/sponsors, and more. In-person attendees will have the opportunity to earn up to 13 credit hours and 12 preselected credit hours will be available to virtual attendees via the livestream. Read more
 
+ IAAO to offer one-day workshop on ‘The Appraisal of Commercial Properties in a Declining Market’ >
IAAO will offer Forum 909, a one-day workshop on “The Appraisal of Commercial Properties in a Declining Market” on Tuesday, June 8. Many areas are experiencing a decline in the value of their commercial and industrial properties for the first time in recent history. Explore the process for valuing properties that fall into this category. The exploration of capitalization rates, vacancy calculations, and market rents are critical to this task. The impact and adjustment, using the market approach, for time will also be discussed. The course offers 7.5 hours of IAAO recertification credit. Read more
 
+ June IAAO webinar: ‘What's Going Down
in Commercial Real Estate?’
>
“What's Going Down in Commercial Real Estate?” will be the focus of the June IAAO webinar at noon Central on Friday, June 4. The COVID-19 Recession has left its mark on the economy, influencing the various types of commercial real estate in different ways. This webinar will look at national market trends for a range of commercial use groups, as well as some suggestions on appraising in a declining market. The webinar will be presented by Brad Eldridge, CAE, and will offer 2 hours of continuing education credits. Read more
+ Deadline is July 1 to submit material to run for Board of Directors >
Members interested in running for the IAAO Board of Directors should submit candidate materials by July 1. Check out the Elections page for more information. Regular members in good standing will be able to vote electronically from Nov. 1-15, for the Regular Board Member, Associate Board member, and Officer positions. Read more
+ New mission statement released for exposure >
The IAAO Strategic Plan Task Force recently submitted a report to the IAAO Board of Directors on its work on a new strategic plan, including a new mission statement for IAAO. The Board is reviewing the Strategic Plan but approved the draft mission statement for exposure to IAAO members. An existing mission statement is part of the IAAO Bylaws, and changes to the bylaws require approval by IAAO members. Comments on the draft mission statement should be submitted by June 4 to Mindy Murphy-Watson at watson@iaao.org. Following the exposure period, comments will be forwarded to the Board and a final version could be submitted to the membership for approval during the election in November. Read more
IAAO CONNECT CORNER
+ Hot Topic: Relationship between market value
and water proximity
>
IAAO Connect members are discussing accumulating data on the relationship between market values and proximity to a lake or river. Read more
 
AROUND THE INDUSTRY
China’s latest move to introduce a property tax represents a fresh crackdown on property speculation and a curb on runaway home prices, but analysts believe it is also an “inevitable” solution to help solve the nation’s debt crisis and ensure financial stability. A new plan, like many Western countries, would eventually cover ordinary Chinese households. At the moment, taxes and fees are mainly collected only at land auctions, or in the property development or trading process, with few additional costs for residential homeowners. Read more
 
+ Can New York’s next mayor fix the city’s broken property tax system? >
Two candidates hoping to be New York City’s next mayor stepped in it this week by flubbing a question about the price of housing in Brooklyn. One of those candidates, Shaun Donovan, who  guesstimated that the median sales price in Brooklyn is $100,000, is the former secretary of the U.S. Department of Housing and Urban Development. He and former Citigroup exec Ray McGuire ought to know better. The era of modest home sales for New York’s largest borough are as distant as the days of the Brooklyn Dodgers. Read more
 
The Victorian state government in Australia has taken a swipe at exclusive men’s only clubs, announcing plans to strip them of land tax concessions traditionally afforded to charities and social associations. These exclusive organizations, made up of invite-only members from the upper echelons of Melbourne society, are generally in prime CBD locations, but up until now have not had to pay regular land taxes as they enjoyed the same exemption as other non-for-profit social clubs. Read more
 
A newly-formed Nashville coalition is aiming to defeat the city’s anti-property tax referendum, setting the stage for dueling campaigns ahead of the July election. Save Nashville Now, a group of labor unions, businesses, faith groups,  and community activists, announced Tuesday its campaign against the proposal to roll back the city’s recent property tax hike and limit Metro government’s power over future increases, recall elections and other issues. Read more
 
Brick-clad homes tucked in a series of small cul-de-sacs outside Dublin went on sale boasting tidy gardens, stylish bathrooms and even a charging point for electric cars — all for a fair price. But good luck buying one. Round Hill Capital LLC is buying nearly 80% of the 170 houses in the development in Maynooth, a picturesque university town about a 45-minute train ride from downtown Dublin. Instead of owning a three- or four-bedroom townhouse with a door knocker and a fireplace, most of the future residents will be tenants paying rent to the New York-based private equity firm. Read more
 
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+ Ontario, Canada >
Manager, Centralized Properties, Municipal Property Assessment Corporation See more
 
+ Westerly, Rhode Island >
Assistant Assessor, Town of Westerly See more
 
+ Georgetown, Texas >
Residential and Business Personal Property Appraiser positions, Williamson Central Appraiser District See more
 
+ Boston >
Deputy Director of Valuation, City of Boston Assessing Dept. See more
 
+ Coeur D'Alene, Idaho >
Chief Deputy Assessor, Kootenai County See more
 
+ Titusville, Florida >
Valuation Specialist, Brevard County Property Appraiser See more
 
+ Fairfax, Virginia >
Supervising Real Estate Appraiser, Fairfax County Government See more
 
+ Pensacola, Florida >
Appraiser/Evaluator, Escambia County Property Appraiser 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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