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How London’s property boom left Black Britons behind >Buying
a place to live is the single most important way of achieving
prosperity in the United Kingdom and is so central to life that
scrutinizing the property market is a national pastime. Yet,
Black people risk falling further behind for generations as urban
gentrification exposes gaping racial wealth disparities. An extreme
example of gentrification is the district of Notting Hill,
synonymous with slums and race riots in the postwar period before
turning into one of the most highly coveted neighborhoods of the British
capital. Read more |
A
Texas economic development program known as Chapter 313 allows industry
to solicit school districts for lucrative property tax breaks. Chapter
313 offers huge property tax incentives for industrial projects in
exchange for the company’s promise to bring long-term investment and
high-paying jobs. Read more
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The
quickly growing southwestern Idaho city of Caldwell is stopping all new
residential development for four months because city leaders say a new
property tax law could put its residents in “imminent peril” by
straining public safety service. Officials say other cities are
considering similar moves. Lawmakers pushed the bill through in three
days just before the session ended. Read more
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IAAO NEWS
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+ Conference registration opens Friday, May 21 >
Registration for the 2021 IAAO Annual Conference, Aug. 29 to Sept. 1
in Chicago, will open at 8 a.m. Central, Friday, May 21. Registration
forms also will be available to download, and hotel reservations are
available to book. More than 70 sessions will be offered at the
conference. The virtual conference component will include access to a
select number of education sessions, networking opportunities,
exhibitors/sponsors, and more. In-person attendees will have the
opportunity to earn up to 13 credit hours and 12 preselected credit
hours will be available to virtual attendees via the livestream. Read more
+ IAAO to offer one-day workshop on ‘The Appraisal of Commercial Properties in a Declining Market’ >
IAAO
will offer Forum 909, a one-day workshop on “The Appraisal of
Commercial Properties in a Declining Market” on Tuesday, June 8. Many
areas are experiencing a decline in the value of their commercial and
industrial properties for the first time in recent history. Explore the
process for valuing properties that fall into this category. The
exploration of capitalization rates, vacancy calculations, and market
rents are critical to this task. The impact and adjustment, using the
market approach, for time will also be discussed. The course offers 7.5
hours of IAAO recertification credit. Read more
+ June IAAO webinar: ‘What's Going Down
in Commercial Real Estate?’ >
“What's
Going Down in Commercial Real Estate?” will be the focus of the June
IAAO webinar at noon Central on Friday, June 4. The COVID-19 Recession
has left its mark on the economy, influencing the various types of
commercial real estate in different ways. This webinar will look at
national market trends for a range of commercial use groups, as well as
some suggestions on appraising in a declining market. The webinar
will be presented by Brad Eldridge, CAE, and will offer 2 hours of
continuing education credits. Read more
+ Deadline is July 1 to submit material to run for Board of Directors >
Members interested in running for the IAAO Board of Directors should submit candidate materials by July 1. Check out the Elections page
for more information. Regular members in good standing will be able to
vote electronically from Nov. 1-15, for the Regular Board Member,
Associate Board member, and Officer positions. Read more
+ New mission statement released for exposure >
The
IAAO Strategic Plan Task Force recently submitted a report to the IAAO
Board of Directors on its work on a new strategic plan, including a new
mission statement for IAAO. The Board is reviewing the Strategic Plan
but approved the draft mission statement for exposure to IAAO members.
An existing mission statement is part of the IAAO Bylaws, and changes to
the bylaws require approval by IAAO members. Comments on the draft
mission statement should be submitted by June 4 to Mindy Murphy-Watson
at watson@iaao.org.
Following the exposure period, comments will be forwarded to the Board
and a final version could be submitted to the membership for approval
during the election in November. Read more
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IAAO CONNECT CORNER
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+ Hot Topic: Relationship between market value
and water proximity >
IAAO Connect members are discussing accumulating data on the relationship between market values and proximity to a lake or river. Read more
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AROUND THE INDUSTRY
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China’s
latest move to introduce a property tax represents a fresh crackdown on
property speculation and a curb on runaway home prices, but analysts
believe it is also an “inevitable” solution to help solve the nation’s
debt crisis and ensure financial stability. A new plan, like many
Western countries, would eventually cover ordinary Chinese households.
At the moment, taxes and fees are mainly collected only at land
auctions, or in the property development or trading process, with few
additional costs for residential homeowners. Read more
+ Can New York’s next mayor fix the city’s broken property tax system? >
Two
candidates hoping to be New York City’s next mayor stepped in it this
week by flubbing a question about the price of housing in Brooklyn. One
of those candidates, Shaun Donovan, who guesstimated that the median sales price in Brooklyn is $100,000 ,
is the former secretary of the U.S. Department of Housing and Urban
Development. He and former Citigroup exec Ray McGuire ought to know
better. The era of modest home sales for New York’s largest borough are
as distant as the days of the Brooklyn Dodgers. Read more
The
Victorian state government in Australia has taken a swipe at exclusive
men’s only clubs, announcing plans to strip them of land tax concessions
traditionally afforded to charities and social associations. These
exclusive organizations, made up of invite-only members from the upper
echelons of Melbourne society, are generally in prime CBD locations, but
up until now have not had to pay regular land taxes as they enjoyed the
same exemption as other non-for-profit social clubs. Read more
A
newly-formed Nashville coalition is aiming to defeat the city’s
anti-property tax referendum, setting the stage for dueling campaigns
ahead of the July election. Save Nashville Now, a group of labor unions,
businesses, faith groups, and community activists, announced
Tuesday its campaign against the proposal to roll back the city’s recent
property tax hike and limit Metro government’s power over future
increases, recall elections and other issues. Read more
Brick-clad homes tucked in a series of small cul-de-sacs outside
Dublin went on sale boasting tidy gardens, stylish bathrooms and even a
charging point for electric cars — all for a fair price. But good luck
buying one. Round Hill Capital LLC is buying nearly 80% of the 170
houses in the development in Maynooth, a picturesque university town
about a 45-minute train ride from downtown Dublin. Instead of owning a
three- or four-bedroom townhouse with a door knocker and a fireplace,
most of the future residents will be tenants paying rent to the New
York-based private equity firm. Read more
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+ Ontario, Canada >
Manager, Centralized Properties, Municipal Property Assessment Corporation See more
+ Westerly, Rhode Island >
Assistant Assessor, Town of Westerly See more
+ Georgetown, Texas >
Residential and Business Personal Property Appraiser positions, Williamson Central Appraiser District See more
+ Boston >
Deputy Director of Valuation, City of Boston Assessing Dept. See more
+ Coeur D'Alene, Idaho >
Chief Deputy Assessor, Kootenai County See more
+ Titusville, Florida >
Valuation Specialist, Brevard County Property Appraiser See more
+ Fairfax, Virginia >
Supervising Real Estate Appraiser, Fairfax County Government See more
+ Pensacola, Florida >
Appraiser/Evaluator, Escambia County Property Appraiser 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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