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Wisconsin Supreme Court refuses 'dark store' case >
In Lowe’s Home Centers, LLC v. Village of Plover, the
village assessed an open and flourishing Lowe’s store at $7,356,600.
Lowe’s argued the property should be assessed at $4,620,000. The court
of appeals concluded that the circuit court properly rejected eight
sales of vacant or dark big box stores offered by Lowe’s experts as
evidence that the village’s assessment was too high. The court of
appeals said that Lowe’s argument fails, “Because it is contrary to the
Property Assessment Manual’s explicit directive that the assessor,
'Should avoid using sales of improved properties that are vacant (dark)
or distressed as comparable sales unless the subject property is
similarly dark or distressed. ’ ” Read more
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The battle over property tax reform in Idaho >
Skyrocketing
home values and stagnant tax policies are factors in the property tax
burden shifting more and more onto homeowners, government analysts say.
And the shift is taking a toll. “Property taxes are literally pushing
people out of their homes,” said Boise resident Pat Klocke, 65. Klocke
has watched his home’s value spike from around $145,000 in the early
’90s to well over $500,000 today. While he isn’t seeking financial gain
from the housing boom, his property taxes have more than tripled since
he bought his house. Read more
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If
you missed the recent IAAO online Town Hall, which updated members on
recent association activities and plans for 2021 and beyond, a copy is
now available to view online. On Feb. 25, from the new IAAO Studios sponsored by Tyler Technologies, President
Greg McHenry, AAS, and Executive Director Debra McGuire, MBA, IOM, CAE,
discussed strategic planning efforts, delivered updates on committee
and task force activities, and reviewed the status of IAAO meetings,
membership, and education. Watch at www.iaao.org/townhall21.
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IAAO NEWS
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+ March is IAAO Membership Madness >
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 2021 IAAO Annual Conference Registration along with a
guest room upgrade at the Hyatt Regency Chicago for the duration of the
conference. The nightly rate of $199 plus tax will be the responsibility
of the attendee. The 2021 IAAO Annual Conference will be from Aug. 29
to Sept. 1, 2021, in Chicago. Each IAAO Membership Madness bracket
winner will be decided by a coin flip on Facebook Live at 10 a.m.
Central on April 5, 2021. To refer a member, just have the new member
include your name on the membership application form, available to
download at www.iaao.org/memberapp. Read more
+ GIS/Valuation Technologies Virtual Conference is March 22-26
The 24th Annual GIS/Valuation Technologies Conference is only a few
weeks away and registration is open. The conference is being offered as
a virtual event in 2021 due to COVID-19 concerns. The conference will
offer programming and a series of optional workshops. Programs will be
offered on Tuesday, March 23 through noon on Thursday, March 25. Areas
for the conference are GIS technologies, leadership development and
policy; modeling and valuation; and a partner track. Workshops will be
offered on Monday, March 22, the afternoon of Thursday, March 25, and
Friday, March 26. Visit gisvaltech2021.sched.com for the full schedule. Read more
+ Data quality standard exposure deadline
is March 12 >
The
deadline to comment on the Standard on Data Quality, recently exposed
to the membership, is March 12. The draft IAAO Standard on Data Quality
defines quality requirements for critical elements of assessment data
and provides guidance for meeting those requirements for use in mass
appraisal. Assessment data for the purposes of this standard can be
separated into property characteristic, economic, and geographic.
Comments should be sent by March 12 to Paul Bidanset, IAAO Valuation
Research Project Manager, at bidanset@iaao.org. Read more
+ Financial market update offered on March 19 >
IAAO will offer a complimentary webinar on the financial market, Looking into the Future,
on March 19, from the new IAAO studios sponsored by Tyler Technologies.
Pat Smith, Vice President and Planning Counsel for the MTC Holding
Corporation, will present. Smith holds a juris doctorate and LLM in
Taxation. He presented in 2020 and returns to lead a discussion of
topics including the tumult of the COVID-19 virus and its effect on
financial markets, the economy, monetary policy, interest rates and
saving/investing for retirement. The discussion is general in nature and
no participant should make any investment decisions without consulting
their personal advisor. No CEUs will be issued for this webinar. Read more
+ Legal Seminar Call for Papers deadline is March 31
M arch
31 is the deadline to submit program topic proposals for the IAAO 42nd
Annual Legal Seminar, set for Dec. 2-3, 2021, in Fort Lauderdale,
Florida. 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, the following categories: unique
valuation problems, effective representation, courtroom technology,
public policy, appeal processes, public relations, and ethics.
Click here for more information and to submit a presentation.
+ Volunteers needed for Annual Conference >
IAAO
is looking for volunteers to work at the IAAO Annual Conference in
Chicago, Aug. 29 - Sept. 1. By agreeing to volunteer eight hours,
attendees can qualify for a reduced conference registration rate of
$395. Once you are confirmed, each volunteer will receive a volunteer
coupon code to use when registering. Most of the volunteer positions at
the Annual Conference are associated with the registration desk, badge
scanning at entrances to sessions, and assisting with coordination of
offsite events. To volunteer, fill out the online form at illinoisiaao.org/volunteer-form or contact the Local Host Volunteer chairs, Chesney Leafblad at cleafblad@warrentownshipassessor.com, or Tim Jorczak at tjorczak@assessor-blm.com.
+ Nominations accepted for IAAO Awards, Fellows programs >
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
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IAAO CONNECT CORNER
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+ Hot Topic: One-way streets >
IAAO Connect members are discussing whether changing one-way streets to two-way streets could have an effect on nearby property values. Read more
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AROUND THE INDUSTRY
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+ Empty office buildings squeeze city budgets as property values fall >
At
a meeting with U.S. Treasury Secretary Janet L. Yellen last month, Jeff
Williams, the mayor of Arlington, Texas, laid out his grim economic
predicament: Heavy spending on coronavirus testing and vaccine
distribution had dwarfed dwindling tax revenue, forcing the city to
consider painful cuts to services and jobs. While sluggish sales and
tourism were partly to blame, the big worry, Mr. Williams said, is the
empty buildings. Read more
The head of London’s Heathrow Airport urged British finance
minister Rishi Sunak to offer airports the same exemption from business
rates property taxes that has been given to other sectors hit hard by
the coronavirus pandemic. Read more
+ Samsung's request to pay zero property tax on $17 billion plant tests Austin's incentive policy >
Samsung
Semiconductor is shopping around a $17 billion, 6.1 million-square-foot
chip manufacturing plant, and if the tech giant chooses Austin, one of
three U.S. locations under consideration, the project would be one of
the largest single economic investments in Texas history. In return,
Samsung has asked the city for a record tax incentive package for the
plant — a 100% property tax rebate for 25 years, according to documents
reviewed by Community Impact Newspaper. Read more
+ DA subpoenas property tax agency in Trump Organization probe >
The Manhattan District Attorney's Office has subpoenaed the New York City Tax Commission as part of a criminal investigation into former President Donald Trump's real estate company, according to a spokesperson for the New York City mayor. Read more
+ Pittsburgh goes to court over reassessment
... and it could be just the start >
Rivers
Casino is taking its pandemic-fueled fight to lower its property
assessment to court. The casino’s owner is appealing after the county’s
board of property assessment appeals and review refused to change the
venue’s 2020 assessment of $245.9 million. Should the casino succeed in
getting it reduced — even slightly — it could cost the city, the county,
and the city’s schools hundreds of thousands of dollars in property tax
revenue. However, the casino’s case might be just the tip of the
iceberg. Read more
Owners looking to let out properties on Airbnb must
now hand over their personal tax details to the global home sharing
platform, as Revenue steps up its oversight of the business. While the
accommodation portal has been sharing information on Irish host earnings
with Revenue for some years now, a recent legislative change in Ireland
means Airbnb is now also asking hosts for their PPS (personal public
service) numbers, as well as the local property ID of the property being
let out. The new rules apply to all hosts who are Irish tax-resident
and to anyone with a listing in the Republic. Read more
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+ Coeur D'Alene, Idaho >
Residential Appraiser I , Kootenai County See more
Residential Appraiser III , Kootenai County See more
+ Wichita, Kansas >
Agricultural Appraiser, Sedgwick County See more
+ Charlotte, North Carolina >
Senior Appraiser- Commercial/Revaluation, Mecklenburg County See more
+ Hillsboro, Oregon >
Property Appraiser I/II - Bilingual and/or Multicultural, Washington County See more
+ Madison, Wisconsin >
Property Appraiser I, City of Madison See more
+ Fairfax, Virginia >
Real Estate Appraiser I, Fairfax County See more
Real Estate Appraiser II, Fairfax County See more
+ Williamsburg, Virginia >
Real Estate Appraiser I/II, James City County See more
+ Fort Pierce, Florida >
Commercial Real Estate Appraiser, St. Lucie 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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