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Baby boomers turned multi-story houses with sprawling lawns into a sign of economic prosperity, but their children may be driving the downfall of this status symbol. Millennials, who are now at prime homebuying age, are ignoring the usual “starter house,” and the suburban mansion may not be far behind. Read more
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San Francisco Assessor Carmen Chu is suing both the San Francisco Giants and the city’s own Assessment Appeals Board over a multimillion-dollar property tax assessment break granted to the major league baseball team’s Oracle Park. At issue is the assessed taxable value of the 42,000-seat waterfront stadium. Chu set the park’s assessment at $415 million for 2015, $421 million for 2016 and $430 million for 2017. The Giants countered with an estimate of $309 million for 2015, $306 million for 2016 and $298 million for 2017. Read more
Since 2015, consumers have used Amazon to buy garden sheds and workshops. And last spring, the Allwood Solvalla came online. It’s a 172-square foot sunroom with floor-to-ceiling windows, subtly marketed as a tiny house. The kit quickly sold out. The structure ran $7,250. Online reviewers panned it, but the budding Amazon tiny-house marketplace is open for business. Read more
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IAAO NEWS
+ IAAO Annual Conference opens Sunday >
The IAAO Annual Conference in Niagara Falls, Ontario, will begin Sunday night with the Opening Session at the Scotiabank Centre, followed by the Welcome Reception at the Table Rock Centre. Registration will be open on Sunday and programming starts on Monday. Read more
 
+ Conference mobile app available to download >
IAAO has released the Conference Mobile App and it is available to download from the Google Play Store or Apple Store. The mobile app includes the conference schedule, list of attendees, session materials, maps, and a list of exhibitors and sponsors. Most of the app is available to view without logging into it, but sections such as the session materials and the attendee list require users to log in. Conference attendees who log in to the app before Sept. 8 will be entered into a drawing for a $50 gift card. Read more
 
+ Registration open for Legal Seminar in Phoenix >
Registration is open for the IAAO 40th Annual Legal Seminar in Phoenix on Dec. 5-6, 2019, at the Hyatt Regency Phoenix. This two-day seminar will cover recent developments in real property taxation, wind farm improvements and asset appraisal, challenges in the valuation of special purpose properties, litigation strategies for big-box properties, and ethical conundrums for lawyers. Lawyers seeking CLE credit must submit those requests by Oct. 3. Read more
 
+ Library Trust Fund Campaign sets fundraising goal >
The Friends of the Paul V. Corusy Memorial Library Matching Campaign has set a fund-raising goal of $12,000 this year. Peter Korpacz of Korpacz Realty will match $2,500 in donations and Mark Kenney of American Valuation Group Inc. will match an additional $2,500. Attendees at the 2019 Annual IAAO Conference can donate on site or you may contact the library. The campaign’s current project is supporting the library’s Research Exchange digital repository. Research Exchange
 
+ Volunteers needed for committees, task forces >
IAAO is 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
 

IAAO Connect Corner
+ Hot Topic: Budget and rewarding staff members  >
IAAO Connect members are currently discussing how counties reward staff members who have taken the time and initiative to reach levels I, II, and III Read more
 
AROUND THE INDUSTRY
+ Officials from six Kansas counties gather for dark-store summit >
Sixteen Kansas county representatives gathered last week in Manhattan. Kansas, to discuss the dark store theory, county home rule and joint legislative action at the first Multi-County Legislative Summit. Riley County appraiser and IAAO Vice President Greg McHenry gave background on the “dark store theory,” and how it relates to the state and counties. The theory relates to large retailers defying commercial property values, which are assessed by county appraisers. “We’re talking about Targets and Menards, Walmarts ... big-box retail stores,” McHenry said. “... Right now, Kansas is kind of at ground zero with the issue.” Read more
 
The current U.S-China trade war — and President Trump's tariffs-by-tweet that have shaken global markets — have impacted industries across the economy as companies try to navigate new tariffs, pricing, and even requests to adjust their supply chains. The housing, home renovation, and even real estate market aren’t immune to these pressures. As Vox reported, Trump announced an additional 10 percent tariff on $300 billion in Chinese products which started Sept. 1. When combined with previous tariffs, it effectively taxes nearly all Chinese goods. Read more
 
+ People want air conditioning more than they want to live near family or friends >
More than three-quarters of home buyers say air conditioning is “very” or “extremely” important, and two-thirds of renters agree, according to Zillow Group 2018 Consumer Housing Trends Report. A far smaller share of each group says it’s similarly important to be near family or friends: 46.7 percent of buyers and 36.2 percent of renters. Read more
 
Some low-income Detroiters with property tax debt should soon get a chance to get that debt wiped out, thanks to a new program from the Wayne County Land Bank. The program will work through a legal process called quiet title. The land bank will take ownership of the home. Then it will use quiet title to clear any debt attached to the property and return the home to the former homeowners. A key caveat: The program is only available to people who have a 100% property tax exemption from the city of Detroit when they apply. That’s offered to many homeowners who meet the income eligibility requirements (maximum of $26,104 for a family of four). That exemption needs to be re-applied for every year. Read more
 
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+ Shelburne, VT >
Assistant Assessor, Town of Shelburne See more
 
+ Norwalk, CT >
Assessor, City of Norwalk See more
Assistant Assessor, City of Norwalk See more
 
+ Bridgeport, CT >
Tax Assessor, City of Bridgeport See more
 
+ Cincinnati, OH >
Commercial Real Estate Appraiser, Hamilton County Auditor See more
 
+ Regina, SK, Canada >
City Assessor, City of Regina See more
 
+ Portland, OR >
Program Supervisor Special Programs Units, Multnomah County See more
 
+ Titusville, FL >
Valuation Specialist II, Brevard County Property Appraisers Office See more
 
+ Leesburg, VA >
Commercial Real Estate Appraiser, Loudon County Government See more
 
+ McKinney, Texas >
Commercial Staff Appraiser, Collin Central Appraisal District See more
 
 
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International Association
of Assessing Officers
 
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