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One Boston-based company has foreclosed on dozens of
New Bedford properties over the past several years, harvesting millions
of dollars in home equity that once belonged to the property owners, a
New Bedford Light investigation has found.
The company, Tallage, bought property tax debt from
the city and pursued foreclosure to collect on the debt. But many of the
property owners lost their houses — and all the equity in them — over
debts of just a few thousand dollars or less. Read more |
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U.S. single-family home price growth cooled further in
November, surveys showed on Tuesday, which together with declining
mortgage rates could help to slow the housing market’s slide deeper into
recession. A surge in remote work during the COVID-19 pandemic led to a
housing market boom, driving prices to record highs.
On a month-to-month basis, home prices fell 0.6% in
November compared with October, the fifth straight monthly decline.
Read more
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IAAO NEWS
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Deadline looming to submit presentation ideas
for IAAO Conference
Interested in presenting at the IAAO Annual Conference
in Salt Lake City? The Call for Presentations is now open and the
submission deadline is Feb. 6. Anyone interested is encouraged to submit
presentation ideas as soon as possible. See the Call for Presentations web page for more information.
Interested in earning an IAAO designation? Take part in a Zoom chat to find out more. First is Feb. 16
Beginning in February, join Professional Development Committee members,
current designees, and program staff as they answer questions and share
experiences in earning a designation.
The first Zoom chat will be Thursday, Feb. 16, on earning an IAAO
designation, followed by chats on the second Thursday of every other
month focusing on specific designations, featuring designees who have
completed the process. An April 13 chat will review the CAE and RES
designations, followed by an Aug. 10 chat on the MAS and AAS
designations. The year will wrap up with a chat on Dec. 14 on the CMS
and PPS designations. There will also be chats in June and October about
the overall designation program.
Registration for GIS/Val Tech now open
Registration for the 2023 GIS/Valuation Technologies
Conference, April 3-6 at the Westgate Las Vegas Resort, is now open. The
schedule of sessions for the event has been posted at gisvaltech2023.sched.com, and prospective attendees can bookmark sessions they want to attend. Attendees can also now reserve a hotel room at the Westgate Las Vegas.
Discover the technology solutions to support your agency’s
goals for accuracy and efficiency at the 26th GIS/Valuation Technologies
Conference, co-hosted by IAAO and URISA.
Nominations accepted for IAAO Awards, Fellows
IAAO is accepting nominations for its Awards Program
and Fellows Program 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. Fellow nominees are brought forth by the IAAO membership
each year and submitted during the awards nominations period. Read
more on the Fellows program, and also all IAAO awards.
Upcoming webinar: The Inns and Outs of Vacation Rentals
Vacation rentals, from property classification to
valuation, are hot topics in the assessing industry. In this interactive
panel discussion, learn how assessors from across North America tackle
the issue.
The webinar, set for noon Central on Wednesday, Feb. 22,
will be presented by Mark Chapin; Marcy Martin AAS; Terry Taylor, CAE,
RES, AAS; and Greg Martino and is eligible for 1.5 CEU hours. The cost
is $55 for IAAO members and $77 for nonmembers. Register here.
Appraisal Foundation accepting applications for Board of Trustees
The Appraisal Foundation has opened up applications
for the Board of Trustees. This year, there are five at-large seats the
Board is looking to fill, including seats designated for a consumer
representative, academic, and a state licensed or certified appraiser
not affiliated with an Appraisal Sponsor of the Foundation. This Board
plays a critical role in the management of The Appraisal Foundation and
makes possible the work of the two independent boards responsible for
writing standards and qualifications for the appraisal profession.
The deadline for applications is March 1. Contact
Boards and Councils Program Manager Arika James should you have any
questions at arika@appraisalfoundation.org.
Real Property Appraiser Qualification Criteria
draft released
The first exposure draft
of proposed changes to the Real Property Appraiser Qualification
Criteria has been released for public comment by The Appraisal
Foundation. This exposure draft would make fair housing a required
component of an appraiser's qualifying and continuing education.
Public comments are critical to the development of new
editions of the criteria, and the Appraiser Qualifications Board values
all input it receives. The Appraiser Qualifications Board is now
accepting all public comments until March 13. To submit a comment, click here, and the AQB will review your feedback. Appraiser Qualifications Board Chair Brad Swinney and
Vice President of Appraisal Issues Lisa Desmarais will host a webinar to
discuss the exposure draft at 1 p.m. Eastern on March 1. Register here to attend the webinar.
Topic submissions for appraisal symposium
extended to Feb. 21
The International Property Tax Institute
and IAAO will present a joint virtual Mass Appraisal Valuation Symposium
on June 21-22, and are soliciting program topics for the symposium.
The theme of the virtual MAVS is “Valuing Properties in
Uncertain Times,” and IPTI and IAAO are inviting potential speakers to
submit topics for the program. Use the online application at https://www.iaao.org/mavs23
to submit the presenter information, topic, and a short synopsis of the
proposed topic. The deadline to submit proposals has been extended to
Feb. 21.
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IAAO CONNECT CORNER
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IAAO Connect members are talking about documentation on approved methodologies for making building size adjustments. Read more
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AROUND THE INDUSTRY
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Rich Americans are snatching up prime real estate in other parts of the world
While the U.S. housing market has been slowing down — thanks
to elevated home prices and mortgage rates — there’s been a growing
trend of wealthy American buyers investing in overseas homes, buoyed by
favorable exchange rates and a strong dollar. Read more
With regulatory spotlight on bias, home appraisers worry about losing their independence
As President Biden administration’s effort to root out bias
among home appraisers marches on, those in the field worry the push
could undermine their independence.
Since the White House launched the Property Appraisal and
Valuation Equity, or PAVE, Task Force in June 2021, there have been two
congressional hearings on the matter and draft legislation from Rep.
Maxine Waters, D-Calif., the former chair of the House Financial
Services Committee, that would impose federal oversight over the
appraisal profession.
Democrats no longer control the House, so the odds of legislative
changes to appraisal regulation are slim, but regulators remain fixated
on the issue. Read more
Greek tax authorities are giving Airbnb-style property hosts
until February 28 to update information on the Independent Authority
for Public Revenue (AADE) platform in order to avoid fines for tax
evasion.
More specifically, property owners who are found in
violation of related short-term rental laws will be fined with up to
5,000 euros.
Short-term rental hosts are also required by February 28 to
make any necessary changes to their submitted data as tax officials
begin inspections for the 2022 tax year. Read more
The U.S. states with the highest property taxes
In some states, houses are cheap, property tax rates are
less than half of 1% and the average property tax payment is just a few
hundred bucks per year.
In the most expensive states, however, rates soar over 2%,
homes are pricey and average annual property tax bills routinely creep
above $5,000 and beyond.
Using data from the Tax Foundation, GOBankingRates ranked the
states with the highest property taxes in America, including the
percentage rate, the average dollar amount paid and the average home
value. Read more
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+ Kansas City, Missouri
Assessor, International Association of Assessing Officers See more
+ New Orleans
Residential Appraiser Supervisor, Orleans Parish Assessor's Office See moreResidential Appraiser, Orleans Parish Assessor's Office See moreCommercial Appraiser Supervisor, Orleans Parish Assessor's Office See moreCommercial Appraiser, Orleans Parish Assessor's Office See more
+ Nashville, Tennessee
Commercial Appeals Appraiser, Metro Gov't of Nashville and Davidson County See more
+ Wellington, Kansas
+ Rochester, Minnesota
Deputy County Assessor, Olmsted County See more
+ Pittsurgh, Pennsylvania
Chief Assessment Officer, Allegheny County See more
+ Burgaw, North Carolina
Tax Administrator, Pender County See more
+ Columbus, Ohio
Deputy Appraisal Director, Franklin County Auditor's Office See more
+ Calgary, Alberta, Canada
Associate Assessor, City of Calgary See more
+ Calgary, Alberta, Canada
Associate Assessor, City of Calgary See more
+ Coeur D'Alene, Idaho
Specialized Appraisal Manager - Assessor's Ofice, Kootenai 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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