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Forget fancy kitchen upgrades ... what buyers desperately want is a home office >
The
coronavirus pandemic has had a tremendous impact on our lives in one
way or another. When it comes to housing, one survey has found that
the top reason for moving over the second quarter was a need for more
space. HomeLight surveys about 2,000 agents every quarter. Its
latest results indicate that homebuyer housing preferences have
certainly shifted amid the COVID-19 pandemic. The most desirable
upgrades to homes in a post-COVID world are now home offices (17%), a
less dense location (16%), single-family living (15%), and a private and
spacious outdoor area (15%). “Home offices will likely become more
formal and outfitted to a comfortable working environment as remote jobs
become a permanent fixture of society,” HomeLight’s report said. Read more
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Proposals for large solar plants routinely come under scrutiny for
their potential to cause erosion and runoff, but for property owners who
live nearby, concerns about the impact on their home values often loom
just as large. Read more
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IAAO NEWS
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+ Nominating Committee approves board candidates >
Twelve
candidates have filed and been approved by the Nominating Committee to
run for the IAAO Board of Directors in the annual election to take place
Nov. 1-15. Running for President-Elect is L. Wade Patterson. Running for Vice President are Patrick Alesandrini, CAE, RES; and Brian E. Gordineer, AAS. Running for the Region 1 board spot are Marcy Martin, AAS; Anita NG; and Deborah Nielsen. Running for the Region 2 spot are Brian Gay; Calvin A. Kent, AAS; R. Lane Partridge; and Samantha Steele. Running for the Region 3 spot are Robert Terry Lee, AAS; and Terry Taylor, CAE, RES, AAS. Read more
+ Conference to feature keynote on assessing sports collectibles, other memorabilia >
Attendees
at the 2020 IAAO Virtual Annual Conference can take part in a special
keynote session on the valuation of sports and other memorabilia.
Attendees can submit photos of their items for valuation by Leila “Lee”
Dunbar, longtime PBS series “Antiques Roadshow” sports memorabilia
appraiser and Chair of The Appraisal Foundation Board of Trustees.
Photos of items to be evaluated must be submitted to Leann Ritter by July 28. Read more
+ Virtual annual conference schedule, session list now available >
The
list of sessions and overall schedule for the 86th Annual International
Conference on Assessment Administration is available on the IAAO
website. IAAO is transforming the conference into an exciting virtual
conference featuring educational sessions, an exhibit hall, and special
events. The 2020 virtual conference will take place Aug. 30 to Sept. 1.
Registration is now open, and the Early Bird deadline is July 31. Read more
+ August webinar AssessR: A new tool for ratio studies and more >
Cook
County Assessor’s Office Chief Data Officer Rob Ross will present a new
R package, AssessR, and show how assessors can use it to perform ratio
studies, look for sales chasing, and more during a webinar on Aug. 14.
AssessR was developed as part of the Cook County Assessor’s New CAMA
system, built on free, open-source software. It contains a growing suite
of helpful tools to streamline and standardize ratio studies. It is
available to the public for free, and its source code is public. In this
webinar, Rob will demonstrate how to open and read data into R, and how
to use AssessR to calculate ratio statistics. Read more
+ Legal Seminar set for Dec. 3-4 in Austin; registration now open >
The
41st Annual Legal Seminar will be presented Dec. 3-4 at the Omni Austin
Hotel Downtown in Austin, Texas. It will cover legal topics of interest
to members of the assessment and property tax industry. Attendees may
register online or submit a paper form with payment. Fees are $500 for
IAAO members and $700 for nonmembers until Nov. 2. After that date, fees
increase to $550 for members and $750 for nonmembers. For more
information, see the registration and hotel page on the IAAO website. Read more
+ Are you a second-generation IAAO designee? >
Or are you a designee married to a designee ? We're looking for designee families to interview for a future story in Fair+Equitable magazine. If you belong to an IAAO designee family, please contact F+E Editor Keith Robison at robison@iaao.org
+ July webinar: Preparing CAMA Data for Automated Valuation Models >
The ability of automated valuation models (AVMs) to produce
accurate valuations reflective of the market is dependent upon
appropriate formatting of CAMA data. This will be reviewed in a webinar
presented by IAAO Valuation Research Project Manager and Ph.D.
candidate Paul Bidanset on July 31 and he will address best practices
with regard to data quality and will demonstrate how to prepare data to
be used in a regression-based automated valuation model. Read more
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IAAO Connect Corner
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+ Hot Topic: Specialized communtity resales >
IAAO Connect members are discussing whether there is premium paid by the initial owner of houses in specialized community resorts. Read more
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AROUND THE INDUSTRY
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+ Outlook for hotels worsens, again >
Just a few weeks ago, the hotel business seemed to be on the mend.
More people were checking into hotel rooms as many states across the
U.S. loosened restrictions meant to slow the spread of the coronavirus.
The recovery seemed to come just in time. The percentage of hotel
properties that had fallen behind in their mortgage payments had already
sharply increased. But tens of thousands of people have now tested
positive for the novel coronavirus every day in the first weeks of July,
setting new records across the Southeast and Western U.S. That’s
brought a new blow to the hotel sector. Read more
Prosecutors from more than half of Idaho’s counties are questioning
whether Gov. Brad Little’s plan to use $200 million in federal aid for
property tax relief is legal under the federal CARES Act. Little’s plan
calls for sending $200 million to participating cities and counties to
cover local public health and public safety personnel salaries, on the
condition that savings are passed to property taxpayers as a credit on
their 2021 tax bill. Additionally, cities and counties could not
increase their property tax budgets by the allowed 3% next year or use
any forgone balance from previous years, but they could still collect
new construction or annexation. Read more
As more department stores and other anchor retail tenants file for
bankruptcy and close permanently, landlords face yet another problem in
an already dire retail environment — co-tenancy clauses. When anchor
stores go dark in a retail center or mall — or a certain amount of
overall space remains unoccupied — it can trigger co-tenancy clauses in
leases that can allow in-line tenants to demand rent reductions or even
break their leases. Read more
When Connecticut policymakers adopted an individual income tax in
1991, many hoped that it would take pressure off state sales taxes and
local property taxes. Sales tax rates, hiked in the preceding years,
came down — but the Nutmeg State’s property taxes remain among the
highest in the country. As a percentage of housing value, Connecticut
homeowners now pay 20 percent more than New Yorkers and almost 50
percent more than their Massachusetts peers. Those two neighboring
states once had property tax burdens on par with Connecticut’s, but
after more than eight years under a property tax limitation regime in
New York and four decades in Massachusetts, the states’ respective
property tax systems have diverged sharply. Read more
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+ Rosenberg, Texas >
Chief Compliance and Legal Officer, Fort Bend Central Appraisal District See more
+ Sandpoint, Idaho >
Certified Residential Appraiser, Bonner County See more
+ Salem, Oregon >
Senior Property Appraiser, Marion County See more
+ Coeur d Alene, Idaho >
Residential Appraiser II, Kootenai County See more
+ Coeur d Alene, Idaho >
Residential Appraiser I, Kootenai County See more
+ Washington, North Carolina >
+ Newbury, New Hampshire >
Assistant Assessor, Tri Town Assessing See more
+ Minot, North Dakota >
Director of Tax Equalization, Ward County See more
+ Nashua, New Hampshire >
+ Dallas, Texas >
Director of Appraisal Services and Chief Appraiser, Berry Global See more
+ Hannibal, Missouri >
Certified General Appraiser, FCS Financial See more
+ Kansas City, Missouri >
Senior Commercial Appraiser, Jackson County 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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