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Not magic? Disney World again sues county over property taxes >
One thing that is not magic to Walt
Disney World is the property taxes it must pay to a Florida county.
Disney is once again suing the Orange County property appraiser over
2019 tax assessments for its theme parks, resorts, employee buildings
and other structures. The company has filed similar lawsuits in past
years. The Orlando Sentinel reports that Property Appraiser
Rick Singh says the Disney complex has been undervalued for years.
Disney says it is challenging errors in the assessments. Read more
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“How will cities survive the coronavirus?” a New York Times opinion writer recently asked. “Can New York avoid a coronavirus exodus?” the Financial Times
chimed in. Since the beginning of the pandemic, many have predicted the
demise of U.S. urban living — where physical proximity is the norm,
social distancing complex, and lockdowns in sometimes cramped apartments
decidedly uncomfortable. But a new report suggests that such
hand-wringing may be premature. Read more
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It’s no secret that
out-of-date tax rolls can cost state and local governments millions.
Especially in states like Florida that levy no income tax, property
taxes are a chief source of revenue, and they depend on an accurate
record of homestead exemptions. Enter The Exemption Project, a startup
in Chicago that offers county governments an online portal and data
service to identify unqualified and unclaimed exemptions on tax rolls. Read more
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IAAO NEWS
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+ IAAO to host virtual annual conference, registration is open
>
Following
a review of comments, concerns, and logistics on holding the IAAO
annual conference in Denver in late August, IAAO will transform the 86th
Annual International Conference on Assessment Administration into an
exciting virtual conference featuring educational sessions, an exhibit
hall, and special events. The 2020 virtual conference will take
place Aug. 30 to Sept. 1. Please see the
message from President Amy Rasmussen, RES, AAS, FIAAO, for more details, and also see conference FAQs and letter for more details.
+ Share your IAAO membership story >
How
has membership in your local IAAO Chapter or Affiliate contributed to
your success? IAAO would love to hear how your involvement at the local
level helped you both professionally and personally. To see President
Elect Greg McHenry’s story, click here. Share your story by email to Jill Wilbeck, Senior Membership Services Manager, at wilbeck@iaao.org
+ IAAO to work to expand opportunities for minorities
>
In
wake of recent protests in the United States and around the globe,
President Amy Rasmussen has asked the Board of Directors and the
Executive Director to launch a series of activities to recruit minority
candidates into the assessment and tax policy profession in order to
make the assessment industry more reflective of our communities. In
addition, IAAO will work to engage and welcome those candidates into the
ranks of IAAO, foster their development into IAAO designated assessment
professionals, provide expanded volunteer positions for previously
underrepresented populations in the IAAO, and finally, provide new
pathways to leadership positions in IAAO, both in our volunteer and
professional staff ranks. For more details, please view the
video message.
+ Run for the Board of Directors! The deadline is July 6 >
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 an election for the
Associate Members in 2020. Read more
+ IAAO offers free webinar on using Excel in conducting ratio studies
>
June IAAO webinars include a June 19 free webinar on Using Excel for Conducting Ratio Studies.
The webinar, presented by Alan Dornfest, AAS, FIAAO, will demonstrate
using an Excel template as he walks participants through the basics of
starting out, inputting and filtering data, and using time-adjusted
options. This is a free webinar for IAAO members.
+ IAAO education prepay deadline now June 30
>
Have
you considered prepaying for IAAO courses? IAAO is offering
jurisdictions the opportunity to prepay for online, self-study, or live
online education courses at a 10% discount. To qualify for the discount,
firms must pay in advance and payments must be received by IAAO before
June 30, 2020, and then class(es) must be taken within 12 months of the
initial arrangement. For questions or additional information, contact
Ashley Lathrop, Deputy Chief Financial Officer, at 816-701-8125 or lathrop@iaao.org. See video for More info
.
+ Are you a second-generation IAAO designee?
>
Or are you a designee married to a designee
? We're looking for designee families to interview for a future story in Fair+Equitable magazine. If you belong to an IAAO designee family, please contact F+E Editor Keith Robison at robison@iaao.org
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IAAO Connect Corner
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+ Hot Topic: Virtual conferences >
IAAO Connect members are discussing
virtual conferences and the IAAO annual conference being virtual in 2020.
Read more
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AROUND THE INDUSTRY
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+
Closing sales start at many JCPenney stores >
The end is near for about one out of every
six JCPenney stores. The bankrupt company said they started
store-closing sales Wednesday at 136 locations, which will last between
10 to 16 weeks. Five of those stores have been closed since mid-March
due to the Covid-19 pandemic and are only reopening to hold the
liquidation sales. The company, which filed for bankruptcy on May 15,
said it also reopened 115 stores on Wednesday that will remain in
business -- at least for now. The company told the bankruptcy court that
it plans to close about 250 stores, about 30% of its overall network of
846, by the middle of 2021. Read more
"Pandemic pricing," as some agents call it,
has arrived across the country as landlords react to the economic
fallout of the coronavirus pandemic. With many people either losing
their jobs or working from home due to the shutdowns, many tenants have
chosen to leave their apartments behind in major cities. Read more
2020 has brought a great deal of hardship
to many parts of the U.S., but particularly to Nashville, Tennessee.
Music City was hit with an early March tornado outbreak that devastated
property across swaths of the city. That was follow by the pandemic that
shuttered businesses, some permanently, and tanked the economy. Mayor
John Cooper and Nashville Metro Council members proposed a 34% property
tax hike, which was approved shortly after midnight on Wednesday after
the second-longest meeting in Council history. Read more
Both American Homes 4 Rent and Invitation
Homes experienced low- to mid-single digit growth in new leases and
higher occupancies since the initial stay-at-home ordinances were
implemented. This trend differs from apartment REITs with portfolios in
urban environments, where occupancies have been declining and new lease
growth has decreased year-over-year in May by single digits in certain
metros, according to the research team at Green Street Advisors, a
commercial real estate research and advisory firm. Read more
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+ Chelsea, Massachusetts >
+ Sandpoint, Idaho >
Appraiser, Residential-Certified
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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