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The impact of legal fee companies on the Dutch real estate assessment practice before and after policy changes
No full textThe Dutch property tax assessment system has been on a yearly revaluation cycle for over 15 years. Municipalities and service centers working for municipalities ensure that each property, both commercial and residential, is reassessed annually. (EXPAND) This setup guarantees values at actual market level, taxpayer’s trust in the system and transparency. But there are also disadvantages. An annual revaluation cycle is accompanied by the annual possibility of objection and appeal against the assessed value. Although there were not many objections in previous years (around 3% for residential properties and around 6% for non-residential properties), these objections are causing growing concern among municipalities and service centers that work for municipalities. This became even more significant when the number of objections for residential properties more than doubled in 2023. According to Dutch law, the costs incurred for hiring professional assistance to object or appeal are covered by the “losing” party (in the event of a change in assessed value, the municipality or service center have to pay). This phenomenon has led to the emergence of legal fee companies (LFCs) (a specific form of tax agents), in Dutch referred to as No Cure No Pay (NCNP) companies. These LFC’s made it a business case to file objections and appeals on behalf of the property owners. If the objection or appeal is granted the LFCs will take the compensation of the costs as generated income. If the objection or appeal is not granted, the costs will be borne by the LFC. Filing an objection or appeal is intended to be simple, so any taxpayer should be able to this without professional assistance. But for many people, formal procedures with government are always considered a barrier. LFCs serve an important role by making the process for objections and appeals accessible for people who are affected by such a barrier, resulting in nearly 50% of all objections filed by these LFC’s. After the almost tripling of of the number of objection submitted in 2023, a change in the law was implemented as of January 1st, 2024. This change has reduced compensation to these companies for a successful objection by 75%. This presentation discusses the effects of the change in the law and its impact on the number of objection and appeal procedures in 2024
Recruiting best practices in a tight labor market
No full textIn this session, we will review best practices and strategies for recruiting, interviewing,hiring, and onboarding new staff members to your office or project
40 States, 40 Different Regulations for Marijuana
No full textAre you confused about how to assess a marijuana sales or cultivation facility in your jurisdiction? No matter what the regulations are in your jurisdiction, this presentation will provide practical advice on what to look for in both real property and personal property
The Art of the Appeal
No full textWhat goes into the appeals process? Using a combination of high profile commercial properties as well as residential examples, we will highlight how the appeals process works. We will walk participants through the appeals process by explaining the ingredients which include appeal preparation, appeal defense, how decisions are made, negotiations with attorneys and working with intervenors
Residential Valuation Using iPads
No full textThe Residential Valuation presentation demonstrates the revaluation process using state of the art technology, tools and applications by both the field appraisers and appraiser analyst. The mass appraisal of a large jurisdiction provides the view of the field appraiser process and methodology the appraiser analyst uses in the annual revaluations of 430,000 properties in Orange County, Florida. The presentation will demonstrate the use of iPads that connect the field appraiser to a paperless remote virtual office
Fair + Equitable April/May 2024
No full textThe April-May F+E cover story looks at Denver and the 2024 IAAO Annual Conference, set for Aug. 25-28 at the Colorado Convention Center. The issue includes articles on: Interesting sights and events in the Denver area Guide to notable restaurants in Denver IAAO library seeking historical materials to mark the library’s 40th and IAAO’s 90th anniversary Q&A with new Executive Director Amy Rasmussen Catching up with VP Bill Healey Upcoming events for IAAO instructors Former NFL Denver Broncos running back Terrell Davis will be Keynote Speaker Some states looking to abolish property taxes Students lose out as cities, states give tax breaks Role of Purpose in business and life New IAAO designees Career Center jobshttps://researchexchange.iaao.org/f-e/1005/thumbnail.jp
Fair + Equitable December/January 2025
No full textThe December/January F+E issue cover story reviews how State lawmakers increasingly view manufactured homes as a key to easing the housing affordability crisis.
The issue also includes articles on: IAAO election results 2025 Annual Conference session submission information Registration open for GIS/Val Tech Conference in Columbus in March Review of 45 years of property tax limits in Idaho Can artificial intelligence enhance your appraisal intelligence IAAO thanks Netherlands Council of Real Estate for hosting board meeting IAAO membership renewals underway New IAAO designees IAAO annual audit information Industry jobshttps://researchexchange.iaao.org/f-e/1012/thumbnail.jp
Measuring physical deterioration in a cost approach analysis to value electric generation tangible personal property
No full textState and local property taxation legal counsel and/or electric generation tangible personal property owners often require tangible personal property appraisers to appraise their tangible personal property. Such tangible personal property may be appraised for numerous purposes but are often appraised in property taxation related disputes. In such instances, appraisers may apply cost approach appraisal methods. As part of these cost approach appraisal methods, the appraiser must consider the physical deterioration component of depreciation. This discussion will focus on the measurement of physical deterioration in a cost approach analysis to value electric generation tangible personal property
The impact of climate change on assessing real estate
No full textThe one-hour session will review how climate change and extreme weather events such as hurricanes, flooding, wildfires, droughts, sea level rise, and other natural disasters are impacting property tax assessments. We will examine how assessment legal theory is designed to navigate such change, and then explore real case studies and how various assessments have deployed strategies to model and appropriately incorporate the effects of climate change in determining just values. Finally, we will review the growth of large wind, solar, and transmission projects and the legal and assessment practices required to ensure fair and equitable assessments for this unique class of properties
Representation Matters: Measuring Model-Market Representation, a Heuristic to Simplify AI Complexity
No full textWhenever we use sales to measure assessment performance or to estimate value, there is an assumption that properties that sell adequately and proportionally represent unsold properties. This session presents two methods for examining this assumption, measuring the degree of generalization in a regression model, identifying properties that are not represented by sales and directly comparing performance for sold and unsold properties