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In an explosive move with potentially devastating consequences for some, the El Paso County, Colorado, Assessor’s Office plans to tax short-term rentals, often simply called by the brand name Airbnb, as commercial properties. The change opens a can of worms regarding how those properties are handled by city and county officials, insurance companies and lenders. It also means hefty tax bills for local short-term rental (STR) owners. Read more
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After years of wrangling, an appeals court Monday rejected a property-tax exemption for a Gainesville acupuncture school that argued it qualified because it is an educational institution. The 1st District Court of Appeals sided with Alachua County Property Appraiser Ed Crapo, who in 2014 rejected an exemption for Academy for Five Element Acupuncture Inc., because he said it did not meet the legal definition of an educational institution for tax-exemption purposes. Read more
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Cubs co-owner Todd Ricketts’ designer house is worth more than twice as much as previously thought — and that could more than double his property tax bill next year and trigger a tab of at least $60,000 in back taxes and interest. That bottom line emerged Tuesday as the Cook County assessor’s office completed its reassessment of Ricketts’ property following a Chicago Tribune story that revealed the Republican National Committee finance chairman had been paying taxes as if the older, smaller house he’d torn down more than a decade ago was still there. Read more
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IAAO NEWS
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+ Conference Early Bird registration deadline is Friday! >
The Early Bird deadline is Friday, July 19, to register at a discount for 85th Annual International Conference on Assessment Administration, set for Sept. 8-11, 2019, in Niagara Falls, Ontario, Canada. More than 110 educational sessions are scheduled at the conference and the full list is available online. United States residents are reminded a passport is required to enter Canada. Read more
+ Volunteers needed for Committees, Task Forces >
IAAO is now accepting applications from potential volunteers to serve on committees and task forces over the next year. This is a great opportunity to become involved in the Association, meet others, and to share your time and talent by assisting IAAO and the industry through volunteer service. Apply to volunteer before Oct. 15, 2019! Volunteer appointments for 2020 will take place by Nov. 1, 2019. Members interested in volunteering can visit the IAAO Connect site to apply. Read more
+ Take part in the IAAO Conference golf tournament >
The annual IAAO Conference Golf Tournament is set for Sunday, Sept. 8, at the John Daly-designed Thundering Waters Golf Club in Niagara Falls, and spots remain for players to register. The registration deadline is August 15th and the cost is $33 USD per player and includes green fees, cart, transportation, continental breakfast, lunch, and prizes. Club rentals are available on a first-come, first-served basis for $25 USD. Read more
+ Learn more about the conference during free webinar >
Conference season is upon us! The 85th Annual Conference on Assessment Administration is right around the corner and we are excited. Hosted by IAAO’s Conference Committee, this complimentary webinar on Wednesday, July 24, will dive into the details that make this our best conference yet. Come learn the ins, outs, and must-sees directly from the people who make the conference possible. Read more
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IAAO Connect Corner
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+ Hot Topic: Amazon's mega warehouses >
Currently IAAO Connect members are discussing forming a group to review Amazon's Mega Warehouses and Robotic Logistic/Distribution facilities Read more
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AROUND THE INDUSTRY
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+ L.A. County hauls in record $1.6 trillion in property tax assessments >
Los Angeles County brought in a record $1.6 trillion in property tax assessments this year thanks to a robust sales market and new construction. The 2019 tax roll was $94.41 billion larger than the 2018 roll, an increase of 6.25 percent, the L.A. County Assessor’s Office announced Monday. “The strong growth in the local real estate market for the ninth consecutive year will have a positive impact on services for LA County’s 10 million residents,” L.A. County Assessor Jeff Prang said in a statement. Read more
A heated exchange erupted Tuesday night between the Grand Chute, Wisconsin, town board and a state lawmaker over inaction in addressing the "dark store loophole." WBAY-TV reports the loophole has cost the town $678,457.51 in tax refunds between 2013 and 2017, split among three big-box stores. Plus, the town has pending property tax lawsuits from Walmart and Sam's Club. Members of the Grand Chute town board have been asking the state for years to address the dark store loophole, and so far nothing has happened. Read more
+ Another Canadian municipality to accept bitcoin for property tax payments >
The City of Richmond Hill, a municipality in Canada, is set to accept bitcoin (BTC) for property tax payments from residents and businesses, according to an announcement Monday. The municipality has partnered cryptocurrency trading platform and payments processor Coinberry for the initiative. Once the deal is concluded, over 200,000 residents of the city will see bitcoin as a payment option on the municipality's website. Read more
Nebraska lawmakers who want to update the state's largest tax incentive program for businesses are getting ready to try again with a lot of confidence, despite a major setback that stalled their package earlier this year. Senators who worked on the new incentives said they strongly believe the measure will pass in the 2020 session, just in time to replace the state's current program before it expires at the end of that year. Read more
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| + Alexandria, VA >
+ Georgetown, TX >
Residential Appraiser, Williamson Central Appraisal District See more
+ Chicago >
Manager of Commercial Valuations, Cook County See more
Manager of Residential Valuations, Cook County See more
Manager of Special Projects, Cook County See more
+ Olathe, KS >
County Appraiser, Johnson County See more
+ Ontario, Canada >
Appraiser, Centralized Properties, MPAC 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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