IAAO Research Exchange
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The Importance of Accurate Data in Mass Appraisal
No full textThis session will cover the importance of having accurate data for mass valuation purposes. It will look not only at the importance of the subject property data, but also the necessity of accurate sales data. The accuracy of the sales and market information are critical to all three approaches to value and equally important to the equalization process. This presentation will contain some examples of the errors awaiting those who used inaccurate data in their operations
Valuing Marijuana Cultivation Facilities
No full textWhile Massachusetts legalized recreational marijuana several years ago, cultivation facilities only began being built and growing marijuana within the past three years. The Town of Holliston has the largest number of marijuana cultivation facilities of any municipality in Massachusetts. Without any clear guidance from the state\u27s Department of Revenue, the Assessing Department faced the challenge of properly determining which categories of property should be classified as Real Property and which as Personal Property, and how to satisfy the state\u27s mandate to assess them at 100% of value. The presenters will provide a case study of how this municipality developed a fair and equitable system of valuation and how those assessed reacted to the first year of being assessed at full value
Transforming “Accidental” into “Intentional”
No full textWe have constantly heard that the assessment profession is the “accidental profession”. No one grows up wanting to be an assessor. This session will discuss the stigma of the assessment career being the accidental profession and how to be more intentional in our recruiting, hiring, and retention efforts
The Need for Post COVID Property Tax Revaluation/Reappraisal in an Economic Crisis
No full textThis paper investigates the importance of reappraisal and revaluation cycles and emphasises the impact of COVID on the appraisal process and the challenges facing the Assessor when determining acceptable values. The paper will illustrate this issue by using actual situations in the US and UK and the approaches of the Assessment Agency in delivering a fair and equitable tax base
That\u27s a Farm? Ontario\u27s Experience with Controlled Environment Agriculture (CEA)
No full textAssessing Controlled Environment Agriculture (CEA) properties presents a number of challenges for the assessor. Learn more about the assessor’s experience in Ontario, Canada in the assessment of CEA properties for growing cannabis and other indoor crops
Shining a light on solar
No full textThis session will present some of the renewable energy standards and incentives offered by different states around the Country. While it has been determined that the inventory is considered real property, there are currently 36 states who offer property tax exemptions. This session will discuss the property tax treatment and different states property methodologies for valuation. Also, some of the practices used and policies set in different states, and the issues to be considered in the formulation of policy. The question has risen and will be discussed, is it truly necessary to be concerned about a consistent valuation methodology, when the subject is exempt from taxation
Uncovering patterns and modeling relationships in valuation data Using ArcGIS insights
No full textVisualization using interactive graphs, charts, and maps makes business intelligence tools powerful and robust applications for valuation professionals to understand the patterns within property data. This workshop will walk though data exploration, visualization and analysis capabilities using ArcGIS Insights which is a powerful spatial BI tool within the context of a real analysis. Learn how to dig deeper into your property and sales data to find inconsistencies and anomalies, as well as understand the distributions, patterns, and relationships of important variables that contribute to value within your jurisdiction
Can The Past Predict The Future — Assessing Commercial Properties in Volatile Times
No full textGenerally assessors will rely upon historical market data in addition to contemporary market data to ensure they have enough observations to arrive at reasonable conclusions of value. Given the recent volatility in the market, that approach may lead to challenges that will need to be overcome. The presentation will address issues and propose solutions
Improve Your Odds for Success in Tax Appeal Hearings
No full textImprove your chances for success in tax appeals by learning forensic techniques for expert testimony. Learn to better defend your single property value opinion by creating persuasive evidence packets and planning a focused outline for direct testimony