IAAO Research Exchange
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Making Marijuana Personal
No full textA real-world approach to assessing commercial marijuana facilities. We will break down each of the 3 major facility types (grower, processor and dispensary) to show what you would expect to see in a typical facility including equipment, furniture and fixtures, and inventories and the values associated with each of them
The redevelopment and repurposing of retail malls
No full textThis session explores the flight of CBD tenants of the former Bank of America building on South LaSalle Street to nearby Class A/newer office buildings and the property tax implications that accompany re-purposing of retail mall space that is based on demand that is not just economically based but based on community demand by exploring the New Park Mall in Newark, California. It also briefly discusses the possible tax implications and explore how (as reported by JLL in April of 2023), the Eastland Mall (near Melbourne, Australia) now offers more than the traditional shop and dine experience that retail malls are known for. It is the assessor\u27s job to stay on top of the market. During redevelopment, the commercial property owner may file for temporary vacancy during the transition period. But the highest and best use of the retail property is changing due to factors that include but are not limited to the pandemic and the proliferation of on-line shopping
Implementing an acquisition value property tax system: What is needed? Who are the stakeholders? What are the legal ramifications (if any)?
No full textThis session will present findings from the recent report requested by the State of Wyoming to analyze the potential adoption of an acquisition value property tax system. We will discuss other states who have tried to implement and / or who have implemented the system, and other considering the same. There are both positive and negative implications for the adoption of the acquisition value property tax system. They will be discussed along with the legal ramifications, infrastructure necessary, revenue impacts, potential creation of inequities, which potentially may result in increased volume of assessment appeals and the defense of suc
Fair + Equitable October/November 2023
No full textThe October/November issue cover story recapped the IAAO 2023 Annual Conference: Blazing Trails in Salt Lake City.https://researchexchange.iaao.org/f-e/1009/thumbnail.jp
An exploratory approach to composite modelling for real estate assessment and accuracy
No full textThe role of automated valuation models within real estate assessment has gained in prominence over the last two decades. However, despite these developments, investigations relating to ‘composite’ or ‘ensemble’ modelling remains an under researched area. Using 28,957 properties and 5,515 usable sales transactions between 2016 and 2021 obtained from the municipality of Helmond in the Netherlands made available by the Netherlands Council for Real Estate Assessment, this paper introduces three different approaches to composite modelling: the central tendency composition approach, the weighted composition approach, and the logical coupling composition approach to enhance mass appraisal assessment, accuracy, and performance. The composition approaches developed are applied to three different automated valuation models, a traditional general linear model approach, an artificial intelligence based automated valuation model, and a geo-statistical-based automated valuation model. To identify the performance of the composition modelling approaches, a framework comprising twelve scenarios is applied to the outcomes of the composition to compare their results against the input valuation models
Fair + Equitable December/ January 2024
No full textThe December/January issue cover story reviews how a new geospatial mapping technology could help cities beat predatory real estate investors at their own game.https://researchexchange.iaao.org/f-e/1008/thumbnail.jp
Fair + Equitable September 2023
No full textThe September F+E cover story describes how many U.S. States are challenging property tax exemptions for non-profit hospitals bringing in big profits.https://researchexchange.iaao.org/f-e/1010/thumbnail.jp
Increasing appraisal capacity in the big apple with mobile technology
No full textNew York City, the most populous city in the United States, utilizes a variety of highly configurable GIS & appraisal technologies built on open data platforms to ensure seamless integration empowering the office to conduct mass appraisals more efficiently than ever before. The real-time synchronization of systems and data greatly streamlines field and office tasks—from collecting property data to verifying, analyzing, and improving it. This session will discuss how New York City increased appraisal capacity and data integrity utilizing mobile technology used by 100 field appraisers across 5 borough offices as well as the steps being taken to implement Desktop Review
A Panel Discussion on the Benefits of Appraisal-based Technology
No full textThis session will be an interactive and highly engaging panel discussion involving multiple counties to share experiences and discuss a variety of topics related to the assessment industry. The theme for the topics (moderated by Daniel Anderson of Data Cloud Solutions) will revolve around the use of technology and its role in increasing appraisal capacity, retaining and acquiring new staff, COVID response and post-covid adjustments, and the importance of open and connected systems
County Authority and Assessment: Why County Governance Matters to the Assessing Profession
No full textExplore the intricacies of county government structure, authority, services and finances and why these details and differences matter to assessors. Attendees will gain access to individualized state profiles and a national database to help them better understand the role of the assessor in the county government system across the nation