Reform-minded assessor tackles Chicago valuations, and ‘the system’
A recent story in the Chicago Sun-Times said that Cook County Assessor Fritz Kaegi "needs to deliver on promises this year." Owners of more expensive properties in the city, whether the business or residential variety, worry they’ll foot the bill for those promises. An IAAO study of 2018 Chicago assessments found that under Kaegi’s predecessor, Joe Berrios, commercial properties in the city were undervalued by nearly 50%. Across the county, the report found the undervaluation at almost 40%. Read more
The condo collapse in Surfside has put older buildings under the microscope: pausing deals, propelling associations to move forward with repairs, and generally creating trepidation for buyers and sellers. The collapse of Champlain Towers South, a 12-story, 136-unit condominium just north of Miami Beach, is expected to lead to lower pricing in older buildings, experts say. Buyers, lenders and insurers will likely demand more information on inspections, repairs and recertifications than ever before. Read more
Remote work is pushing up home prices in areas that may not be as friendly for commuters. A new report from Redfin says that home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas since the start of the pandemic. In car-dependent areas nationwide, the median home-sale price has increased 32.8% to a record $418,100 since January 2020. In transit-accessible regions, it has risen 15.6% to a record $540,500 during the same time period. Read more

Friday is early registration deadline for conference

Register for THE Assessing event of the year by Friday, July 16, to save up to $250. Friday is the early registration deadline for the in-person and virtual 2021 IAAO Annual Conference, set for Aug. 29 to Sept. 1 in Chicago. Nearly 800 people have signed up since registration opened just a few weeks ago. Here's a new schedule at a glance. The Annual Conference is the premier platform to share successes, discover best practices, and learn about the latest research in the field of property appraisal. Participants may register online, or registration forms are available to download. More than 70 sessions will be offered at the in-person conference, and the virtual conference component will include access to a select number of education sessions, networking opportunities, exhibitors/sponsors, and more. Check out the video from keynote speaker Morris Morrison promoting the conference. Register here. For current information on Chicago travel conditions and any restrictions, see the Travel to Chicago web page.

Save the date! Golf event set for Aug. 29 at conference

The Illinois Chapter of IAAO is working with IAAO to offer a golf outing on Sunday, Aug. 29. Registration, pricing details, and a link to register will be available soon. The event will take place at the Harborside International Golf Club, in south Chicago, and will kick off with a 7:30 a.m. shotgun start.


Webinar to review what to know about conference

The IAAO Annual Conference is right around the corner, and IAAO will be presenting a free webinar from noon to 1 p.m. Central on July 30 with event details. Hosted by the IAAO Headquarters Team and the Local Host Committee, the webinar will dive into the details that will make this the best IAAO conference yet. Come learn the ins, outs, and must-sees directly from the people who make it all possible. There is no charge for the webinar  and no CEU Hours provided. 

IAAO working with TEGOVA on standards; Lisa Hobart named Reviewer for standards committee
The International Association of Assessing Officers (IAAO) recently announced it will be working with The European Group of Valuers’ Associations (TEGOVA) on standards and Automation Valuation Modeling. As part of the relationship, IAAO member Lisa Hobart, CAE, PPS, FIAAO, has been appointed to serve as Reviewer for the TEGOVA’s European Plant, Machinery & Equipment Valuation Standard. TEGOVA is on schedule to launch Europe’s first Plant, Machinery & Equipment Valuation Standards in the autumn 2022. Hobart, who recently began her work with the committee, will be attending the 2021 TEGOVA Conference in October along with IAAO President Greg McHenry and IAAO Executive Director Debra N. McGuire, MBA, IOM, CAE. McHenry will be speaking to the TEGOVA General Assembly on the topic of Automated Valuation Modeling. Read more

Virtual Instructor Evaluation Workshop is Nov. 4-6

Registration is now open for the virtual Instructor Evaluation Workshop for members interested in becoming a virtual instructor. The IEW is an intensive three-day event that allows participants to showcase training skills and abilities related to the delivery of IAAO materials in a virtual classroom setting. This IEW is a virtual experience and will be offered Nov. 4-6 via the Zoom platform. Those who pass the virtual event will be junior instructors and certified to teach in the virtual classroom. Register here

IAAO releases public speaking video series

The new IAAO Speaker PREP video series is now available! In this set of five short, animated videos, IAAO speakers and presenters of all experience levels will learn the PREP approach to effective public speaking preparation and delivery. The series is free to all, and just in time for 2021 conference presenters to put these practical, usable strategies into action. The videos are available to view at www.iaao.org/speakerprep.


New winner picked in demographic campaign; update your profile for a chance at $50

Amber Marroquin of the Pinal County Assessor’s Office is the third recipient of a $50 gift card for participating in the IAAO demographic data collection campaign. IAAO launched the campaign on June 1. Members who update their profile are entered in a drawing for $50 gift cards sponsored by Tyler Technologies. The profile update includes additional information than was collected in previous years. The information will be used to assess IAAO’s membership makeup, and highlight the diversity of our global community. Update your profile here.
IAAO Connect members are discussing the various state assessor licensing and certification requirements. Read more
The city of Youngstown has been looking for ways to get people to move back into the city and now, if they build new, they won’t have to pay property taxes for 15 years. It’s called a Community Reinvestment Area, and in some cases it could mean a savings of $20,000. With the CRA, anyone building a house or a commercial building in Youngstown would not have to pay property taxes for 15 years. If someone puts $5,000 or more into remodeling an existing house or building, they would not pay property taxes on the increase in the assessed value for 15 years. Read more
Disney is arguing its property tax assessments are too high for the Magic Kingdom, its other three Orlando, Florida, theme parks, its hotels and other properties that make up the company’s sprawling Central Florida real estate portfolio, according to a dozen lawsuits Disney filed last month in Orange Circuit Court for the 2020 tax year. For Disney, contesting the assessments, which the company calls “excessive,” has become an annual event since Disney started suing over them in 2015. Read more
Changes ahead for property tax in Australia
A new windfall gains tax will be introduced July 1, 2022. This new tax will impose tax at 50% for increases in value above AU$500,000 which result from a rezoning decision from the local council. Lower taxation rates will apply to value increases of between AU$100,000 to AU$500,000. This new tax is targeted at developers and landholders who benefit from the increased value of land from a rezoning decision, but the scope of the tax will ultimately depend on the drafting of the legislation, which is yet to be issued. Read more
The Board of Supervisors has allocated an additional $1 million to the Marin County Assessor-Recorder-County Clerk’s Office to cover an increased workload caused by passage of Proposition 19 in November. Shelly Scott, the head of the office, said the money will cover two years of costs to hire three, full-time employees. The initiative increased the portability of Prop. 13 property tax protections for homeowners who are 55 or older. The measure allows up to three moves in a lifetime and places no restrictions on where the new property is located. Read more
A change in Tourism Development Tax requirements has left some short-term rental owners confused about how much they need to pay Escambia County, Florida, and it’s left the county clerk’s office with a heavier workload trying to review hundreds of files that have in many cases become inadvertently delinquent. Read more
Florida governor suspends property tax payments for residents of collapsed condo
Florida Gov. Ron DeSantis issued an executive order late last week, suspending laws that would require residents of the collapsed Champlain Towers South condo in Surfside to pay property taxes. Read more
+ Lincoln, Illinois
Supervisor of Assessments, Logan County See more
+ Newton, North Carolina
Tax Administrator, Catawba County See more
+ Marietta, Georgia
Real Property Appraiser 1, 2, 3, or 4, Cobb County Board of Tax Assessors See more
+ San Diego
Division Chief I, Assessor/Recorder/County Clerk, County of San Diego See more
+ Charleston, West Virginia
Director of Property Tax, West Virginia State Tax Department See more
+ Hartford, Connecticut
Chief Assessment Technician, City of Hartford See more
+ San Jose, California
Deputy Assessor, County of Santa Clara See more
+ West Hartford, Connecticut
Property Appraiser III-Residential Property, Town of West Hartford See more
+ Chesterfield, Virginia
Director of Real Estate Assessments, Chesterfield County See more
+ Lincoln, Nebraska
Senior Commercial Appraiser, Lancaster County Assessor's Office See more
+ Coeur D'Alene, Idaho
Residential Appraiser I, Kootenai County See more
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Keith Robison
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