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Median house prices in the U.S. increased 16.9% last year, hitting an
all-time annual high of around $360,000, according to data from the
National Association of Realtors. The reasons for this rapid ascent are
many, including pandemic demand, low inventory, and low interest rates,
even as pros predict they will rise in 2022.
“By and large, homes are getting more expensive,” says Elizabeth
Renter, data analyst at NerdWallet. But some markets bucked this trend
last year — and actually saw price decreases, according to recent data
from real estate data firm ATTOM, which looked at 173 metropolitan
statistical areas with a population of 200,000 or more. Read more
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Moving into a new house can be an exciting time: meeting the neighbors,
checking out the restaurants, navigating local government processes
like applying for a homestead exemption. OK, so dealing with government
processes isn’t likely to be exciting, but it represents one of the
first interactions a new resident has with local government.
County governments don’t have it any easier. They have to staff their
office for an entire calendar year of activities (appraisals, appeals,
tax bills, tax roll certification, etc.) and deal with a deluge of
exemption applications that have to be approved within a set period of
time, usually around the beginning of the year. Read more
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West Virginia House to consider bill readjusting oil and gas valuation methodology
The
West Virginia House of Delegates will consider a bill designed to more
properly value oil and natural gas wells for property tax assessments —
again.
The House Finance Committee advanced the bill, which would change the
methodology used for oil and gas property tax valuation after a law the
Legislature passed last year proved unpopular with both the industry and
county governments. Read more
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IAAO NEWS
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Services set for Immediate Past President Greg McHenry, AAS
IAAO Immediate Past President and Riley County, Kansas, Appraiser Greg
McHenry, AAS, passed away unexpectedly Feb. 24. Services will take place March 11 and 12.
"Greg was one of the greatest examples of what a great leader should
be: strong, kind, calm, dedicated, with unquestioned integrity,” IAAO
President Wade Patterson said. Greg served as IAAO President in 2021,
was on the Executive Committee from 2019-2022, and on the IAAO Board
from 2015-17. See the full announcement.
IAAO to host member Town Hall on April 5
IAAO will host an online Town Hall at 11 a.m. Central on Tuesday, April
5, to update members on recent association activities and plans for
2022 and beyond. Members can register to attend at http://www.iaao.org/townhallreg.
President Wade Patterson and Executive Director Debra McGuire, MBA,
IOM, CAE, will discuss strategic planning efforts, deliver updates on
committee and task force activities, and review the status of IAAO
meetings, membership, and education. Questions may be submitted before
the Town Hall to townhall@iaao.org. Register now. The IAAO Studios are sponsored by Tyler Technologies.
IAAO joins appraisal groups on valuation statement
IAAO supports industry efforts to work on the issues of bias and
discrimination in a constructive manner, with respect for all views and
participants in the conversation.
U.S. Rep. Maxine Waters (D-CA), chairwoman of the House Financial
Services Committee, released the text of the email and called on
federal regulators, the Appraisal Subcommittee, The Appraisal
Foundation (TAF), and the Appraisal Institute to investigate appraiser
misconduct and potential illegal discrimination.
IAAO
Executive Director Debra McGuire, MBA, IOM, CAE, is meeting with
leaders from other appraiser industry groups in Washington, D.C., on
March 8 to discuss issues in more depth as well as plans for additional
action.
March is IAAO Membership Madness
The annual IAAO Membership Madness contest is underway. The first 64
members to refer a new member who joins IAAO in March will be entered
into IAAO Membership Madness. That gives members the chance to receive
one FREE IAAO Self-Study Course. Each IAAO Membership Madness bracket
winner will be decided by a coin flip on Facebook Live at 10 a.m.
Central on April 4.
To refer a member, have the new member include your name on the membership application form, available at www.iaao.org/memberapp.
GIS/ValTech conference is March 27-30
The 25th Annual GIS/Valuation Technologies Conference is only weeks
away and interested attendees should register soon.
The conference is March 27-30 and will take place at the Hilton New
Orleans Riverside hotel in New Orleans. Jack Dangermond, founder and
president of Esri, an international supplier of GIS software, will be
the opening keynote speaker. Other keynotes include a presentation by
John C. Finn, Ph.D., of Christopher Newport University, on "Geography of
Segregation in the 21st Century," and a presentation by Water Wise Gulf
South on ways to advance green infrastructure.
Optional workshops will provide deep dives into a number of important topics. Registration is available on the conference site. The full schedule is here.
Nominations accepted for IAAO awards, Fellows
IAAO is accepting nominations for its Awards and Fellows programs
through May 1. The Awards Program boasts 17 categories recognizing
individual and organizational achievements in several areas, including
publications, technical expertise, and service to IAAO. Award winners
and Fellow selections are recognized at the IAAO Annual Conference.
The Awards Program is a highly visible event and all IAAO members and affiliated organizations are encouraged to submit nominations.
2022 in-person IEW set for June in Kansas City
Applications are being accepted for anyone interested in
becoming an IAAO instructor. The IAAO Professional Development
Department, along with the IAAO Education Committee, is offering the
Instructor Evaluation Workshop, including auditions, June 16-18 at the
IAAO headquarters in Kansas City. The hotel is a short walk from the
headquarters building. Those who pass the audition will be considered a
junior instructor and will be able to teach in the live classroom.
Bilingual applicants are encouraged to apply. Spots are limited, so
apply now by clicking here. Registration ends April 8.
Legal Task Force accepting papers for Austin event
The IAAO Legal Task Force is accepting program topic proposals for the
IAAO Annual Legal Seminar, Dec. 1-2 in Austin, Texas.
The Legal Task Force is seeking qualified professionals to present on
topics of interest to lawyers and assessors. Possible topics include,
but are not limited to, unique valuation problems, effective
representation, courtroom technology, public policy, appeal processes,
public relations, and ethics.
Click here to submit a presentation topic. The deadline to submit topis is April 15.
Professional Development Standard comments due
IAAO’s Board of Directors recently approved a revised
version of the "Standard on Professional Development" for 30-day
exposure to the membership and comments are due by Friday.
The
revised draft standard covers basic guidelines for the professional
development, education, and certification of assessing officers,
including appraisers, assessment managers, tax policy administrators,
mappers, and assessors; those who provide professional or technical
assistance to assessing officers; those who supervise or review the work
of assessing officers; and those who seek employment in assessment
administration.
Comments on the proposed standard should be sent no later than March 4 to Larry Clark (clark@iaao.org), IAAO staff liaison to the Research and Standards Committee. Read more
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AROUND THE INDUSTRY
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Property tax breaks supported for Florida police, teachers, military members
The Florida House last
week unanimously passed a proposal that would ask voters to increase
homestead property-tax exemptions for first responders, teachers, and
military members, with the issue expected to go before a key Senate
committee this week. Read more
A Tasmanian economist has argued a decrease in rental prices due to a
land tax slash is a "myth propagated by the property industry." Tax
relief is hoped to ease the cost of living for owners of rental
properties, shacks, vacant land, and commercial property. But there are
concerns Tasmanians are still paying double in comparison to mainland
counterparts for the same property value.” Read more
The Consumer Financial Protection Bureau (CFPB) recently outlined
options to ensure that computer models used to help determine home
estimates are accurate and fair. The options will now be reviewed to
determine their potential impact on small businesses. Read more
Silicon Valley politician and Match.com founder Gary Kremen ended his
campaign for Santa Clara County assessor five hours after a report
revealed allegations from a former staffer. Read more
An $800 million housing tax on property developments intended to fund
social housing for vulnerable residents in Victoria, Australia, has been
dumped by Premier Daniel Andrews.
Only two weeks ago, Andrews' government announced plans to impose a
1.75% levy on new developments of more than three dwellings to pay for
the construction of thousands of social and affordable houses. Victoria
is a state in southeastern Australia, and its capital is Melbourne. Read more
It's a date Missourians are all too familiar with: Dec. 31. The
deadline every year to pay taxes on your personal property. But what if
you didn't have to do that anymore?
Republican State Sen. Bill Eigel of St. Charles is working to make that
happen, and it would start with St. Charles County.
Lawmakers are taking up the matter in Jefferson City, and they heard
from a firefighter who wants them to think twice.
"There's a flip side of the story that needs to be told and people need
to understand,” said Cottleville Fire Protection District Chief Skip
Stephens. Read more
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+ Vancouver, Washington
Real Property Appraiser I/II/III, Clark County Assessor's Office See more
+ Charleston, West Virginia
Director of Property Tax , West Virginia State Tax Department See more
+ Kansas City, Missouri
Assessor, International Association of Assessing Officers See more
+ Largo, Maryland
Real Estate Assessor, Prince George County See more
+ Titusville, Florida
Valuation Appraiser, Brevard County Property Appraiser See more
+ Phoenix
Business Analytics/CAMA Supervisor, Maricopa County See more
Chief Appraiser, Maricopa County See more
+ Needham, Massachusetts
Director of Assessing, Town of Needham See more
+ Fairfax, Virginia
Financial and Program Auditor (Management Analyst IV), Fairfax County See more
+ Charlottesville, Virginia
Assistant Assessor-Commercial, Albemarle County See more
+ Fayetteville, North Carolina
Real Estate Appraisal Supervisor, Cumberland County Tax Administration See more
+ Fort Collins, Colorado
Appraiser I, Larimer County Assessor 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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