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There’s never been such a severe shortage of houses in the U.S. Here’s why ...
By
one estimate, the U.S. is more than 3 million houses short of the
demand from would-be homebuyers. Pandemic-related supply chain problems
aren't helping. They’re adding tens of thousands of dollars in cost to
the typical house.
But the roots of the problem go back much further — to the housing
bubble collapse in 2008. Many homebuilders went out of business. Many
tradespeople found other work or got retrained for new jobs. A few years
later, as Americans started buying more homes again, building stayed
below normal.
And that slump in building continued for more than a decade. Meanwhile,
the largest generation, the millennials, started to settle down and buy
houses. Read more
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Cook
County, Illinois, is forgoing an estimated $1.15 billion a year in
property taxes as a result of thousands of pieces of vacant property
that aren’t bringing in a penny of revenue. Some $255 million of that is
in Chicago alone. “In the city of Chicago there are 10,000 pieces of
abandoned property they can’t unload. They can’t even be sold for one
dollar,” says Maria Pappas, Cook County treasurer. "There are properties
that have been available for 20 years … block after block of blighted
areas.” Read more
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The tax assessor for the town of Vinalhaven appealed
to the state’s top court on whether the Hurricane Island Foundation
should be exempt from the property tax. The assessor wants the Maine
Supreme Judicial Court to overturn a decision ruling that Hurricane
Island Foundation was a scientific institution, and therefore exempt
from the property tax.
Following a visit to Hurricane Island, the tax assessor rejected the request for tax exempt status. Read more |
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IAAO NEWS
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Town Hall video now available
A video copy of the IAAO online Town Hall, which took place on Tuesday, April 5, is now available to view. The Town Hall updated members on association activities and plans for 2022 and beyond.
The presentation by President Wade Patterson and Executive Director
Debra McGuire, MBA, IOM, CAE, addresses strategic planning efforts,
updates committee and task force activities, and reviews the status of
IAAO meetings, membership, and education.
April 15 is deadline for Legal Seminar proposals
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 topics is April 15.
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. Submit
your nominations here. Fellow nominees are brought forth by the IAAO membership each year.
NACo surveying impact of COVID on counties
As the anniversary of the American Rescue Plan Act’s (ARPA) passage
approaches, the National Association of Counties (NACo), in
collaboration with the Pew Charitable Trusts, is conducting a brief
(10-minute) questionnaire to better understand the impacts of COVID-19
and the ARPA on county finances, as well as counties’ perceptions of
future fiscal challenges.
NACo and Pew will use the information to analyze the state of county
finances, develop appropriate technical assistance, and better
understand county priorities. The responses collected will remain
anonymous, with only county names being mentioned for specific examples.
Responses will be aggregated for the majority of the analysis. Take the survey
Registration opens soon for mass appraisal valuation symposium
Registration
opens in April for the online Mass Appraisal Valuation Symposium, set
for June 22-23. The International Property Tax Institute (IPTI) and IAAO
will present the virtual symposium covering “Applications and
Challenges.” Registration details will be available at iaao.org and in upcoming IAAO publications.
Conference hotel-room block open
Hotel reservations at the Sheraton Boston are open for the 2022 IAAO
Annual Conference, which will take place at the Hynes Convention Center.
Attendees planning to register for the IAAO Annual Conference, Aug. 28 –
31, can now make room reservations.
A
one-night deposit of room and tax is required to hold the room but may
be cancelled without penalty up to 72 hours before scheduled arrival.
The standard room rate is $199 plus tax and fees. The cut-off for the
IAAO room block is Friday, Aug. 5. Conference registration opens in
mid-April.
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IAAO CONNECT CORNER
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IAAO Connect members are talking about valuing gravel pits. Read more
| AROUND THE INDUSTRY
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Is it a house or is it a yacht? Legal fight looms over property taxes for floating Miami mansion
Arkup #1, a gleaming
rectangle-shaped houseboat anchored off Miami Beach’s exclusive Star
Island, has all the trappings of a floating mansion: a luxury kitchen,
spacious living room, two upstairs bedrooms, a gym, and even a patio
overlooking the sparkling waters of Biscayne Bay.
But despite the fact
that the Arkup is registered with the U.S. Coast Guard and can travel
the seas at a modest five knots per hour, Miami-Dade County says it’s
not actually a boat. The result: the county sent the media darling
houseboat a property tax bill of nearly $120,000. Read more
Higher tax bills in Tampa Bay area could spur wallet pain, political heat
Local
property appraisers say the recent surge in Tampa Bay real estate
values could cause sticker shock when residents get their property tax
notices later this summer — a development that could put political
pressure on county commissioners and threaten planned Hillsborough tax
referendums for schools and transportation. Read more
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+ Chicago
Industrial Commercial Senior Analyst, Cook County Assessor's Office See more
+ Savannah, Georgia
Quality Control Analyst, Chatham County Board of Assessors See moreQuality Control Database Administraor, Chatham County Board of Assessors See more
+ Bernalillo, New Mexico
Senior Appraiser/Database Analyst, Sandoval County Assessor's Office See moreSenior Appraiser, Sandoval County Assessor's Office See more
+ Hillsboro, Oregon
Bilingual Property Appraiser, Washington County See more
+ Wichita, Kansas
Chief Deputy Appraiser, Sedgwick County Appraiser's Office See more
+ West Hartford, Connecticut
Property Appraiser I, Town of West Hartford See more
+ Manhattan, Kansas
+ Kissimmee, Florida
Commercial Appraiser, Osceola County Property Appraiser See more
+ Marietta, Georgia
Real Property Appraiser, 1,2,3, or 4, Cobb County Board of Tax Assessors See more
+ Georgetown, Delaware
Assistant Director of Assessment, Sussex County Government See more
+ West Palm Beach, Florida
Chief Appraiser, Palm Beach County See more
+ Crawfordville, Florida
Chief Property Appraiser, Wakulla County See more
+ Upper Marlboro, Virginia
Real Estate Assessor, Prince George 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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