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Is it doomsday for Downtown LA’s office market?
In 2010, Union Bank Plaza, next to the 110 freeway on
the edge of Downtown Los Angeles’ financial district, had “all the
characteristics investors want,” JLL broker David Doupe said at the
time.
“A strong rent roll, high credit tenancy, and long-term leases in a market with high barriers to entry.”
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Republican leaders made big promises before the regular session that they would lower our property taxes.
Yet six months later, and in the middle of a second special session, and no relief is in sight. Read more
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In exchange for their guidance, you agree to pay the
agent 3% of the sale price, which they say is industry standard.
Your agent advises you that in order to drum up
sufficient interest in your home, you should also promise to cover the
commission for the buyer's agent — another 3% of the sale price. Read more
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IAAO NEWS
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Functional feminism: An apolitical guide to women’s empowerment subject of July 18 WIN call
Women’s advocate and Florida lawyer Dana Brooks will speak
at noon Central on Tuesday, July 18, during the next Women's Initiative
Network conversation. As a lawyer, advocate for women, collaborator,
mother, and small business mentor, Dana is one of Tallahassee’s “25
Women You Need to Know.”
She began her career in clinical social work but felt
called to advocacy and problem-solving. Join us as Dana discusses her
new book, Functional Feminism: An Apolitical Guide to Women's
Empowerment, released on Amazon. Conversations are free, and all are
welcome. Register here.
July 26 webinar on overcoming obstacles
in rebuilding an assessment department
A 20-year-old CAMA system, limited staff, a flood, and
COVID all were obstacles faced by the Jackson County, Missouri,
Assessment Department in recent years.
Assessors have a small window of time to determine the
priorities of a department, so join the IAAO webinar to learn what
resources are available to help you evaluate your department and also
how Jackson County managed the challenges.
The webinar, set for noon Central on Wednesday, July 26,
will be presented by Jackson County Director of Assessment Gail McCann
Beatty, AAS and is eligible for 1.5 CEU hours. The cost is $55 for IAAO
members and $77 for nonmembers. Register here.
Conference golf registration deadline is July 27
July 27 is the deadline to sign up for the golf tournament at the
IAAO Annual Conference. The tournament will be Sunday, Aug. 27. The
Utah Chapter of IAAO is hosting the event at the Eaglewood Golf Course.
Fees are $110 per person and separate packages
including transportation and/or golf club rentals are also available. Register here.
USPAP workshop to be offered at conference
IAAO is offering Workshop 191 on Sunday, Aug. 27, in Salt Lake City before the start of the IAAO Annual Conference.
The workshop is a national seven-hour USPAP Update offered
for continuing education for licensure and certification through The
Appraisal Foundation. The workshop provides a general overview of USPAP
guidelines, advisory opinions, statements, and other appraisal
practices.
Conference registration is not required, but participants must
register by Aug. 9 for the workshop. The cost is $229 for members and
$339 for nonmembers. The USPAP textbook is included. Register as part of
conference registration or register here.
IAAO members requested to complete survey
on geospatial data infrastructure
To help provide a better understanding of the current state
of the nation's geospatial infrastructure, IAAO members are requested
to fill out sections of a survey from the Coalition of Geospatial
Organizations (COGO) by Aug. 1.
IAAO has been working on the National Spatial Data
Infrastructure survey with COGO, a national coalition of 13 member
organizations and six advisory organizations spanning all aspects of the
geospatial field. The survey will cover eight data set areas and
respondents can select individual areas to answer. They may also forward
the survey to others in their office to complete.
Every few years, COGO assesses the status of the NSDI, with
the intent of helping the nation move toward a more complete NSDI.
Providing up-to-date geospatial data and decision support
tools to assist governments on funding allocations, day-to-day
infrastructure decisions, and help in preparation and response to
natural disasters and other emergencies. Complete survey here.
Check out IAAO’s Industry Service Partners webpage
IAAO has established a new Strategic Business Partner
Program for year-round engagement of members and the business community
and current partners are listed on a new Industry Service Partners webpage.
IAAO Strategic Business Partners are companies that have
made a commitment in support of IAAO and assessment jurisdictions. These
companies are dedicated to the mass appraisal community, and offer
programs, products, and services that can help your jurisdiction run
effectively and efficiently.
The Industry Service Provider webpage can be used as a
source for companies providing the resources needed to administer
property tax. For more information about the program contact Leann
Ritter at ritter@iaao.org or call 816-701-8161.
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IAAO Connect members are talking about gathering information on sales and lease data for movie theaters. Read more
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AROUND THE INDUSTRY
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The Appraisal Foundation seeking candidates
for its Board of Trustees
The Appraisal Foundation is seeking qualified candidates to
fill two public interest positions on its Board of Trustees. One is
open to anyone with an interest in valuation to fill the remainder of a
term ending Dec. 31, 2025. The second position, with a three-year term
beginning Jan. 1, 2024, is reserved for an individual whose principal
profession is in academia.
Completed applications for Board vacancies must be received
by Aug. 1. Please contact Board and Councils Program Manager Arika Cole at 202-624-3072 or via email at arika@appraisalfoundation.org with any questions about the application process. Apply here.
Applications to join the ASB and AQB, the
Foundation's two technical boards, are also now open. These boards are
responsible for maintaining the standards and qualifications,
respectively, to ensure they build public trust and advance the
valuation profession. The deadline to apply to join these boards is Aug.
1, 2023. Click here to apply.
Minimum wage workers can’t afford
a two-bedroom apartment anywhere in the U.S.
Housing affordability, especially among U.S. workers
earning minimum wage, continues to be a crisis, according to a report
from the National Low Income Housing Coalition
(NLIHC).
The report states that nowhere in the country can
those earning minimum wage afford a “modest two-bedroom rental home at
fair market rent by working a standard 40-hour work week.” Read more
All of RICS’ professional standards board resign
The entire board responsible for setting and policing
professional standards within the Royal Institution of Chartered
Surveyors (RICS) resigned.
In a statement both on its website and within an email
to members, the organisation’s President Ann Gray wrote that the Chair
of the RICS Standards and Regulation Board (SRB), Dame Janet Paraskeva,
along with all its members, tendered their resignations. Read more
U.S. housing market defying crash expectations
as supply shortage keeps prices high
The U.S. housing market is defying expectations of a crash
this year as limited inventory and high demand keep prices high. That is
according to Fannie Mae economists, who predicted in a revised forecast
that home prices will fall at a slower rate than previously anticipated
later this year.
The government-backed mortgage giant estimated that
home prices will only decline by 1.2% in 2023 and 2.2% the following
year – a marked improvement from February, when it predicted that prices
would tumble 4.2% this year and another 2.3% in 2023. Read more
Record number of Coloradans protest soaring property tax valuations
Tens of thousands of Coloradans are protesting soaring property
valuations that threaten to take out a lot more from people's pockets
than in previous tax years. The sharp rise in protests also means a
significant increase in the workload for county assessors and their
staffers and, later, for county commissioners and district courts that
ultimately have the final say on how much tax liability each property
owner faces. Read more
New law requires Maine towns to return excess proceeds from tax foreclosures
A new law could allow the owners of properties that are
sold during tax foreclosures to receive some extra money back
Maine is one of a dozen states where municipalities are not
required to return any excess proceeds to most owners after a property
has been sold through a tax lien foreclosure. Read more
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Chesterfield, Virginia
• Appraiser III, Chesterfield County See more
Lewiston, Maine
• Deputy Assessor, City of Lewiston See more
Kissimmee, Florida
• Commercial Appraiser, Osceola County Property Appraiser's Office See more
Fort Collins, Colorado
• Applications Support Specialist, 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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