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Cook County will review all property values because of the coronavirus pandemic >
Cook County Assessor Fritz Kaegi is planning to reevaluate every
single property in the county in the wake of the coronavirus pandemic.
It’s a momentous endeavor that has never been done before and could have
significant ripple effects in years to come, both for local governments
that rely heavily on property tax revenue to fund operations and
property owners who would have to pick up the tab. But that impact won't
be known until 2021, when property tax bills based on 2020 values are
mailed out. Read more
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Your couch or your comfy chair might have seemed like a good idea
when you were just getting started with this whole remote work thing,
but now that you’re working from home for weeks on end, you might need
something better for the long haul. Read more
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Congressional efforts to address the economic impacts of the
COVID-19 pandemic have reshaped the paid leave landscape for workers and
employers alike, including counties. As part of the Families First
Coronavirus Response Act, which passed last month as the second “phase”
of the federal response to COVID-19, Congress expanded paid family and
medical leave benefits through two new laws applicable to businesses
with fewer than 500 employees and to government employers of all
sizes, including counties. Read more
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IAAO NEWS
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+ Free webinar this Friday on financial markets status >
IAAO is offering a free webinar on Financial Market Mayhem - Seeing Our Way Through the Turmoil
from noon to 1 p.m. Central on Friday, April 17. The webinar will be
presented by Pat Smith, Vice President & Planning Counsel for the
MTC Holding Corporation. He holds a juris doctorate and LLM in taxation
and he will review 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
participants should not make investment decisions without consulting
their personal advisor. No CEU's will be issued. Read more
+ IAAO offers free webinar on assessing and COVID-19 >
+ Personal property issues to be covered in two-part webinar >
A two-part webinar series on Personal Property: Basics and Beyond is
set for April 24 and May 4 and will be presented by Lisa A. Hobart,
CAE, PPS, FIAAO, ASA. Participants will gain an understanding of topics
in the area of personal property, including: defining personal property;
discovering personal property; validating personal property renditions;
estimating appraised value when property does not file a statement;
application of cost approach; reporting of used purchase prices; and
auditing. Participants are encouraged to attend both sessions, but an
overview from part one will be presented in part two. Each webinar has
been approved for two hours of continuing education credit. Read more
+ Online courses, webinars on sale during April >
IAAO is now offering online self-study versions of Course 101 - Fundamentals of Real Property Appraisal, and Course 331 - Mass Appraisal Practices & Procedures.
During April, members can sign up for these, other online courses, and
past webinars, at a discount. All online courses (offered in April OR
the future) are 15% off the member rate for members who purchase them in
April. Use coupon code ECOURSE15OFF during checkout to receive the discount. Previously recorded webinars are 50% off in April by using coupon code WEBINAR50OFF.
+ Nominations accepted for Awards, Fellows program >
IAAO is accepting nominations through May 1 for its Awards Program
and Fellows Program. 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 annually and submitted
during the awards nominations period. Read more
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| IAAO Connect Corner
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+ Hot Topic: Remote workplace resources >
IAAO Connect members are discussing remote workplace resources in
the new online community established on the pandemic. The new community
was created to assist all assessors and valuers around the world with
issues regarding COVID-19. Read more
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AROUND THE INDUSTRY
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+ Global finance ministers say they are prepared to offer debt relief for struggling nations >
Global finance ministers and central bank chiefs backed debt relief
for the world’s poorest nations as part of a coordinated response to
the deepening global recession on Tuesday. The finance leaders from the
Group of Seven said they would suspend debt service payments the poor
countries owe to other governments if all Group of 20 nations agreed to
back the move, as anticipated. In a statement following a virtual
meeting to discuss the crisis, the finance leaders endorsed efforts to
get global banks to offer similar relief to the 76 countries eligible
for the World Bank’s easiest loan terms. Read more
Most laptops come with a built-in webcam, but if you’re working at
home from a desktop or maybe just looking to touch up the mediocre
quality of whatever camera you’re stuck with, external webcams are still
a crucial accessory. But with so many people now firmly settled into
work-from-home life, they’ve become nearly impossible to find. NPD Group
reported a 179 percent jump in sales for webcams over the first three
weeks of March as consumers settled into quarantine. Read more
A growing number of homeowners, including those with multiple
houses, in some of South Korea’s major cities are giving houses to
family members instead of selling them to avoid hefty taxes, data showed
Monday. The number of houses traded among family members in Daegu has
more than doubled from 254 in January to 632 in February, according to
data compiled by the Korea Appraisal Board. Read more
Construction — especially building houses — is considered an
essential task in California amid the coronavirus outbreak. But some
developers say they have nonetheless been forced to put their projects
on hold as the pandemic worsens. Read more
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| + Chelsea, Massachusetts >
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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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