IAAO Research Exchange
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Appraisal Foundation: Building Public Trust in the Appraisal Profession
No full textIn this presentation, IAAO Conference attendees will hear updates on the recent activities of the Foundation. The interactive presentation is designed to allow ample time for discussion and to address questions on what the Foundation is doing and where the Foundation is headed
Measuring Impact: New Statistical Methods for Assessment Accuracy and Transparency
No full textTo revalue Chicago in 2024, the Cook County Assessor’s Office created new property characteristics, developed statistical techniques to identify outlier sales, tested linear and nonlinear AVM methods, and developed a novel “sales comps” algorithm. We’ll share the surprising results of what mattered most – and least – for assessment equity and transparency
Level Up: Five Powerful Moves to Elevate Your Career
No full textPast President Dorothy Jacks, AAS, FIAAO will facilitate this interactive WIN Workshop. Five speakers will present ways to help each participant to reach their career goals.
1) Overcoming Imposter Syndrome, presented by Chesney Leafblad
2) Elevate your Brand: Mastering the Art of a Professional Bio, presented by Carmen Trammell
3) Power Up Your LinkedIn: Tips for Instant Impact, presented by Pamela Williams
4) Intentional Engagement –Knowing When and Why to Speak Up, presented by Adrianne Bailey
5) Essential Skills for Effective Public Speaking, presented by Ana Torres, Es
The Importance of Exemptions & Reliefs within a Property Tax
No full textExemptions and Reliefs are fundamental to the success of any Property Tax. Both speakers will explore the development and use of Exemptions and Reliefs across the World and contrast how they differ in various countries
Litigation Tax Appeal Defense Workshop - Ask the Experts
No full textJoin our panel of litigation experts for a workshop exploring best practices for tax appeal defense involving common issues and hot topics. There will be an extensive interaction between the attendees and the panel which will include attorneys Robert T. Lee, Esq. and Thomas A. Jaconetty, Esq. who will provide legal insights and strategies. Forensic appraisal methodologies and responses to property owner positions will be presented by Peter F. Korpacz, MAI, CRE, FRICS, and Shawn Wilson, MAI. Ned Chappell, Litigation Supervisor at Maricopa County Assessor’s Office, will provide insights from the assessor\u27s point of view
Machine Learning and Model Explanation in Mass Appraisal
No full textThis presentation will overview key applied machine learning (ML) techniques in mass appraisal. Specific parametric and non-parametric comparable sales approaches and model explanation techniques will be surveyed
Measuring Impact: New Statistical Methods for Assessment Accuracy and Transparency
No full textCook County\u27s 1.2m residential properties are revalued using a nonlinear tree-based model. This talk will combine visualization and analytics to share some lessons learned about model comparison and an algorithm for model transparency. First, we\u27ll show how we rigorously conduct different model tests and visualize IAAO statistics for easy comparison. Once we have a model we trust, our goal is to earn the trust of the public who are becoming increasingly aware of AI tools and their pitfalls. We\u27ll discuss a novel algorithm that extracts each subject property\u27s sale comps used by the nonlinear model and demonstrate how we share this data with the goal of improving transparency and trust in government
Under assessment complaints: Public and governmental oversight of blips in the assessment fabric
No full textUnder Assessment Complaints: Public and Governmental Oversight of Blips in the Assessment Fabric is a unique review of the Cook County assessment system, the second largest in the nation. The public can review its assessment database and see assessment outliers. The opportunity to see errors and bring them to the attention of the assessment officials can save millions of dollars and reduce the inequities. This is a unique presentation by highly respected elected assessment assessor and a 30+ assessment professional with experience both as an assessment adjudicator and private practitioner watch dog taxpayers\u27s property tax dollars. In 2022 and 2023, Patrick Hynes, an Illinois, Cook County elected Assessor, and Andrea Raila, in her position as a homeowner, filed successful under-assessment appeals on more than 50 parcels. Both successfully represented homeowners for the first-time since 1989 when the former Cook County Board of Review Tax Commissioner filed an underassessment appeal against a $200 million Chicago central business district skyscraper
Assessors’ Advantage: Leveraging New Technology & Data to Determine Value
No full textAs an assessor, you need unparalleled access to accurate and reliable data to do your job confidently, especially when determining a property’s value isn’t so cut and dry. Learn how to efficiently capture and analyze market-level data such as comps, leasing rates and trends, demographics, zoning codes, mortgage and parcel information using Crexi Intelligence
CRE Market in Denver Focusing on the Lending Environment, Loan Performance, Property Fundamentals & Recent Market Transactions
No full textJoin Matt Gersemehl, AAS, Head of Trepp’s Valuation and Advisory Services to discuss Commercial Real Estate market in Denver focusing on the lending environment, loan performance, property fundamentals and recent market transactions. This session combined with our product demonstration will introduce attendees to Commercial Mortgage-Backed Securities and how assessors can utilize collateralized property information to calibrate mass appraisal income models and support valuation appeals