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NACo's analysis of the fiscal impact of COVID-19 on county finances >
NACo’s
new research report studies the fiscal impact of the COVID-19 pandemic
on counties and estimates an overall $144 billion budgetary hit across
all U.S. counties. The
report finds that major county revenue sources that support critical
local services are at risk, and that counties are facing significant new
expenditures as they work to protect American communities during the
pandemic. Read more
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The
pilgrimage of millennials from high-cost coastal hubs to smaller metros
is nothing new. But the coronavirus pandemic is accelerating this
demographic shift, say experts, at a time when working from home could
become the new normal in many industries — while millions are suddenly finding themselves without work. Read more
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Ireland may be known for its verdant landscapes and wide-open
spaces. But Dublin — home to two-fifths of the country’s population — is
ground zero of a deepening housing crisis. Last year, just 8,000 houses
went up for sale on the open market. The lack of shelter has prompted
the average Dublin house price to rocket to $405,000, meaning long
commutes and high rents. Read more
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IAAO NEWS
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+ July 6 is deadline to submit materials to run for Board >
Members
interested in running for the IAAO Board of Directors should submit
candidate materials by July 6. Check out the Elections page for more
information. Regular members in good standing will be able to vote
electronically from Nov. 1-15, 2020, for the 2021 Regular Board Member
and Officer positions. There will not be candidates for Associate
Members in 2020. Read more
+ Annual Conference session list released >
The complete list of conference sessions for the 2020 Annual Conference, scheduled for Aug. 30-Sept. 2, is now available to view on the Research Exchange section of the IAAO website. Nearly 100 sessions are scheduled for the conference and online registration is now open . Read more
+ Nominations deadline is May 15 for Awards, Fellows program >
IAAO
is accepting nominations through May 15 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 conference 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
+ Upcoming webinars on golf property appraisal, historical influence, tax policy standard >
Santa
Clara, California, County Assessor Larry Stone will discuss how each
generation was influenced by seminal historical moments, from the civil
rights and anti-war movements of the 1960s to the end of the Cold War,
Sept. 11, the Great Recession, and now, COVID-19, during a free webinar on May 18. On Wednesday, May 13, Laurence A. Hirsh, CRE, MAI, SGA, president of Golf Property Analysts, will speak on Real Estate Tax Assessment for Golf Properties
and review the fundamentals of golf course and club real estate tax
assessments, and lead a discussion of how the Coronavirus may impact
them. On June 3, the Tax Policy Update Task Force will review updates to
an IAAO standard on tax policy in Effective
Property Tax Policy and Oversight - A Review of the Revised Standards
and Why They Are Important When Considering Property Tax Responses to
COVID-19.
+ Live, online version of Course 311 offered in May >
IAAO will offer a live, online version of Course 311: Real Property Modeling Concepts,
taught by Larry Clark, CAE, FIAAO. The course will take place over two
weeks: Tuesday, May 19; Thursday, May 21; Tuesday, May 26; and Thursday,
May 28. The following exam can be taken any time on Monday through
Wednesday, June 1-3. “Live online” courses include the digital delivery
of course materials and an online exam. Students can sign up at www.iaao.org/onlinecohort
+ IAAO personalized training for R >
IAAO
is now offering personalized training on the R software for modeling
and spatial analysis, through screen sharing and video conferencing.
Paul Bidanset, IAAO Valuation Research Project Manager (and Ph.D.
candidate), who has presented at many IAAO and industry events on
modeling and other topics, will be providing the training. You can learn
R, using real data from your jurisdiction or with data supplied by
IAAO. Contact Paul at bidanset@iaao.org for cost details on R training or any other specific training requests.
+ Appraisal Foundation conducting a national job analysis study >
The
Appraisal Foundation’s Appraiser Qualifications Board (AQB) and PSI
Services LLC is conducting a survey for a national job analysis study of
real estate appraisal professionals. The study will help update the
National Uniform Licensing and Certification Examinations used across
the U.S. to help ensure real estate appraisal professionals meet
acceptable standards for competent practice. The purpose of the job
analysis is to identify tasks and competencies reflective of the real
estate appraiser job role. If you have any questions regarding the
survey, please contact aramirez@psionline.com.
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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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+ House Democrats' coronavirus aid plan would distribute county, city funding based on population >
Democrats on Capitol Hill are beginning to lay out the terms of
their plan to distribute more coronavirus aid to city and county
governments, even as Republicans have voiced reluctance to do so in the
next federal relief package. House Democrats are expected to release
their proposal by the week’s end, which will include formula funding for
county and municipal governments. Read more
The blurring of work and home lives might not be just a temporary
side effect of the pandemic. Though children will (hopefully) go back to
school in the fall, many white-collar workers will be strongly
encouraged to work from home at least some of the time over the next
year or so. While working remotely confers some mental-health and other
benefits, the “job” as we know it might never be the same. Read more
Saving for a down payment on one’s first home is a rite of passage
in the United States, one that helps many realize what was and is seen
as a part of the American dream. Millennials who witnessed their
parents’ misfortune during the global recession of 2008 — many of whom
suffered housing devaluations, or worse — are now contemplating the
housing ladder themselves. But saving for a 20 percent down payment, the
industry standard today, could take them much longer than it took
earlier generations. Read more
Stamp duty on property purchases in Sydney could be scrapped as
part of a major reform of the local taxation system, New South Wales
Treasurer Dominic Perrottet said in an interview with the Sydney Morning Herald.
“There is no better time to rid the states of inefficient taxes that
hold back economic growth and I am talking stamp duty and payroll
taxes,” Perrottet said. “We are not going to tax our way back into
prosperity. Increasing or decreasing taxes is not tax reform." Read more
Hawaii County may take a page from Honolulu’s playbook and tack an
extra property tax on multi-million dollar residences. Both County
Council Chairman Aaron Chung and Mayor Harry Kim said last week they’re
considering an additional tax for residences where the building plus
land is valued at more than $1.5 million or $2 million. The extra tax,
of another $1-$2 in tax for each $1,000 of value, would be levied
against second homes, not those in the homeowner class. Chung estimated
the change would raise an additional $6 million to $7 million in taxes. Read more
If
you like a little bit of real-life work issues in your down time ....
from "Glengarry Glen Ross" to the Oscar-nominated "The Big Short,"
here’s Hollywood's take on the industry … Read more
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International Association
of Assessing Officers
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Kansas City, Missouri 64105
816-701-8100
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