 |
|
|
Higher education has a tax problem that’s hurting local cities >
Early last spring New Haven, Connecticut, residents stormed the city’s
Zoom budget meeting to vent their outrage at Yale University’s continued
strain on city finances. Residents pointed to Yale’s vast and
tax-exempt property holdings compared to the deficit-ridden New Haven
public schools starving for property-tax dollars. Because higher
education institutions provide the public good of education to
surrounding communities, their property holdings are exempt from
taxation in all 50 states. But classes are a minor side business on
campuses today. The greater value of campuses is their ability to use
the nonprofit tax exemption as a tax shelter for profitable research and
private investors. With the meteoric ascendance of the knowledge
economy, colleges and universities have become financial titans in urban
centers. Read more
|
The Philadelphia City Council is considering a new approach to
taxing real estate that some believe could lower assessments for less
affluent property owners without reducing the city’s overall haul. “We
need to look at how we can grow out of poverty, especially for
businesses of color, ” Councilmember Derek Green said at a hearing on
the feasibility of a so-called land value tax. Unlike a property tax,
land value tax is assessed based on the value of a piece of land, rather
than the value of the “improvement” or building. Read more
|
|
|
|
California’s Proposition 19 has prompted a sevenfold increase in
requests to county assessors to transfer property. Prop 19 allows
homeowners over age 55 to keep a better tax rate when they sell one
house and buy another. It’s about as far reaching as the 1978 tax revolt
of Prop 13. But there’s another side to Prop 19: It restricts the
ability for parents to transfer property to their children by adding a
requirement that the children live in the home. That’s triggered a rush
of people to get transfers in before the new rules apply. Read more |
|
|
 |
 |
 |
|
IAAO NEWS
|
+ 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
+ Board candidate submission deadline is July 1 >
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.The
IAAO election will take place electronically from November 1-15.
Regular members, in good standing, will be able to vote for the 2022
Regular Board Members and Officer positions, and Associate members, in
good standing, will vote for an Associate Board Member. 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
+ Conference planning continues; please complete Conference attendance survey >
Planning for the IAAO 2021 Annual
Conference, Aug. 29 to Sept. 1 in Chicago, continues and IAAO is working
with the city of Chicago and the Hyatt Regency Chicago to ensure
attendees have a safe meeting environment. Chicago Mayor Lori Lightfoot
recently said her goal is to get the city “fully open” by July 4, and
IAAO is asking members to complete a short survey regarding whether one
plans on attending the conference in-person or virtually. The survey
deadline is noon Central on Friday, May 7. Complete survey
“Defining and Measuring Obsolescence in Personal Property” will be the
subject of the IAAO webinar on May 14 and will discuss distinguishing
personal property from real property, and consideration of obsolescence
in personal property. The webinar will also continue with discussion of
inutility, and specifically discusses consideration of the effects of
COVID-19 on valuation of property. Both real and personal property
appraisers will benefit from the information covered in this
presentation. The webinar will be presented by Lisa Hobart, CAE, PPS,
FIAAO, Lisa A. Hobart, LLC, and offer two CEU hours of credit. Read more . Read more
|
IAAO CONNECT CORNER
|
+ Hot Topic: Data center valuation >
IAAO Connect members are discussing data center valuation. Read more
|  | |
AROUND THE INDUSTRY
|
El Paso, Texas, homebuyers, like those across the United States,
are competing over residential properties despite the financial effects
of the global pandemic, according to Dinah Kilgore, executive
director of the El Paso Central Appraisal District and IAAO Board
Member. “There are bidding wars for homes,” Kilgore told the El Paso
City Council last week. “They are setting the market.” Kilgore said 2021
is a reappraisal year for properties and that appraisers are expecting
to see average home taxable values at $150,280 after protests are filed. Read more
Connecticut towns are negotiating settlements with solar developers
over dozens of disputed property tax assessments on residential solar
installations. Solar companies filed about 200 lawsuits in recent years
challenging local assessors’ interpretation of a state law they say was
meant to exempt residential solar installations from property taxes. Read more
A proposal to cap Nebraska property tax increases at 3% stalled in
the Legislature last week amid fierce opposition from allies of local
governments, who cast it as an attack on local control. The measure
would have applied to school districts, counties, community colleges,
and other local governments that collect property taxes . Read more
+ How a proposed consumption tax would eliminate property taxes in Texas >
Texas has a history of abolishing its property tax. The state comptroller said that
for the first 100 years after independence, a state property tax
provided up to 50% to 75% of all tax receipts. But Texas dumped its
state property tax in 1982. Nearly 40 years later, a lawmaker wants to
do it again. State Rep. James White (R-District 19) wants to replace the
property tax with a consumption tax. Read more
|
|
|
|
|
+ Fairfax, Virginia >
Supervising Real Estate Appraiser, Fairfax County Government See more
+ Pensacola, Florida >
Appraiser/Evaluator, Escambia County Property Appraiser See more
+ Red Deer, Alberta, Canada >
Assessment Coordinator/Analyst, The City of Red Deer See more
+ Elyria, Ohio >
Appraiser Inspector I/II, Lorain County Assessor's Office See more
Chief Appraiser, Lorain County Assessor's Office See more
+ West Palm Beach, Florida >
Senior Commercial Appraiser, Palm Beach County Property Appraiser's Office See more
+ Charlotte, North Carolina >
Senior Appraiser - Commercial Revaluation, Mecklenburg County See more
+ San Diego, California >
Cadastral Supervisor, County of San Diego-Assessor/Recorder/County Clerk See more
+ Missoula, Montana >
Property Appraiser I, Montana Department of Revenue See more
+ Painesville, Ohio >
Deputy Auditor Field Appraiser II, Lake County Auditor See more
|
|
|
|
|
|
International Association
of Assessing Officers
314 West 10th Street
Kansas City, Missouri 64105
816-701-8100
|
|
|
Share news:
Keith Robison
|
|
|
|
