september 2021 | volume 19 | number 8 the storms always …
TRANSCRIPT
SEPTEMBER 2021 | VOLUME 19 | NUMBER 8
Thestormsalwayspass
A publication of IAAO on appraisal and appraisal management, within the property assessment industry.
WILL THE REAL ESTATE MARKET WEATHERTHE PANDEMIC? | page 6
• IAAO ELECTION: CANDIDATE PROFILES | 12
• WORKSHOP: BUILDING DIVERSITY FROM A FOUNDATION OF EMOTIONAL INTELLIGENCE | 20
INSIDE
ii Fair+Equitable SEPTEMBER 2021
Fostering Trust between Taxpayers and Government with ArcGIS® HubSM
ArcGIS® HubSM is a cloud-based software as a service (SaaS) solution that empowers government organizations of all sizes to
• Reduce phone calls and taxpayer inquiries.
• Deliver a streamlined, web-based process to respond to appeals.
• Enhance taxpayer understanding of the assessment process and property taxation.
• Deliver self-service apps and maps for questions that once required an in-person visit.
• Improve public and government access to property information.
Modernize how you deliver property information to your community.
Visit go.esri.com/Hub-EPVto download your free e-book.
Copyright © 2021 Esri. All rights reserved.
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SEPTEMBER 2021 Fair+Equitable 1
DIVISIONS
12 IAAO GOVERNANCE It’s campaign season again. Check out the profiles of all the candidates for the IAAO 2022 Board of Directors. The email election is Nov. 1-15.
18 IAAO Absolute Member News, calendars, jobs, etc.
COLUMNS
2 OVERVIEW IAAO President Greg McHenry
4 INSIGHTS National and international news
5 LEGAL TRENDS Feed storage silos outside the plant: taxable ... production bins inside the plant: exempt
SEPTEMBER 2021 | VOLUME 19 | NUMBER 8
+ Contents
GIS/VAL TECH CONFERENCE IS SEEKING PRESENTATIONSIAAO and URISA are inviting workshop and presentation proposals for the 25th Annual GIS/Valuation Technologies Conference next March in New Orleans.
16EMOTIONAL INTELLIGENCEThe Emotionally Effective Leader Workshop, conducted by the Women’s Initiative Network, will provide attendees with a deeper understanding of emotional intelligence as well as tools needed to be a well-rounded leader in today’s environment.
20
6
The statements made or opinions expressed by authors in Fair+Equitable do not necessarily represent a policy position of the International Association of Assessing Officers.
Fair+Equitable is published 10 times a year by the International Association of Assessing Officers, 314 W. 10th Street, Kansas City, Missouri, 64105-1616. Subscription rate for members is included in annual dues. Send address changes to: Membership Department, International Association of Assessing Officers, 314 W. 10th Street, Kansas City, Missouri, 64105-1616. Send correspondence to the address above.
IAAO.ORG
Fostering Trust between Taxpayers and Government with ArcGIS® HubSM
ArcGIS® HubSM is a cloud-based software as a service (SaaS) solution that empowers government organizations of all sizes to
• Reduce phone calls and taxpayer inquiries.
• Deliver a streamlined, web-based process to respond to appeals.
• Enhance taxpayer understanding of the assessment process and property taxation.
• Deliver self-service apps and maps for questions that once required an in-person visit.
• Improve public and government access to property information.
Modernize how you deliver property information to your community.
Visit go.esri.com/Hub-EPVto download your free e-book.
Copyright © 2021 Esri. All rights reserved.
fair-equitable-ads-land-records-epv-update.indd 1fair-equitable-ads-land-records-epv-update.indd 1 6/15/21 12:51 PM6/15/21 12:51 PM
WILL THE REAL ESTATE MARKET WEATHER THE PANDEMIC?
2 Fair+Equitable SEPTEMBER 2021
+ OVERVIEW
GREG McHENRY, AASIAAO President
Through IAAO, you have access to a great deal of knowledge,and I hope you can take advantage of our programming.
Even through the challenges we’ve seen over the past year, about 1,000 people traveled to Chicago for the Annual Conference and almost 200 more participated online.
By the time you read this, the 87th Annual IAAO Conference will be history, and I’m sure it will be one to remember.
After a year without an in-person con-ference, our members were happy to see one other, despite the mask requirements enacted because of increased COVID-19 numbers.
Even through the challenges we’ve seen over the past year, about 1,000 people traveled to Chicago for the Annual Conference and almost 200 more participated online.
With some jurisdictions imposing travel restric-tions in August, I was glad we had an option to provide for those members to participate virtually.
The Annual Conference moved to the online world in 2020 with a full virtual experience to replace the scheduled in-person conference in Denver. The virtual meeting received many posi-tive comments.
With the continued desire for online program-ming, and with prospects for an in-person confer-ence in 2021 up in the air until late spring, the IAAO Board asked the IAAO Headquarters team in Kansas City to plan for an in-person conference but to also explore adding a virtual component.
We also had to be prepared to pivot quickly to an all-virtual 2021 Annual Conference if necessary.
The amount of work required to put on a full
SEPTEMBER 2021 Fair+Equitable 3
PRESIDENTGREG McHENRY, AAS [email protected] PRESIDENT-ELECTL. WADE PATTERSON [email protected] VICE PRESIDENTPATRICK ALESANDRINI, CAE, RES [email protected] IMMEDIATE PAST-PRESIDENTAMY RASMUSSEN, RES, AAS, FIAAO [email protected] BOARD OF DIRECTORSBRIAN GAY, [email protected] HARPER, AAS [email protected] HEALEY, RES [email protected]. CECIL JACKSON JR., RES, AAS [email protected] L. KILGORE [email protected] MARTIN, AAS [email protected] BRIAN SANFORD, CAE [email protected] TAYLOR, CAE, RES, AAS [email protected] VANDERVRIES, CAE, AAS, PPS [email protected] BIRKLE, AAS [email protected] EXECUTIVE DIRECTORDEBRA McGUIRE, MBA, IOM, CAE [email protected]
EDITORIAL REVIEW BOARDLAUREEN BIRDSALL, CAE, ESQ.; LARRY J. CLARK, CAE; MARGIE CUSACK, FIAAO; LISA HOBART, CAE, PPS, FIAAO; KERRY LEICHTMAN; JOSH MYERS; HEATHER POORE, AAS, RES; JEFF SPELMAN, CAE; JOAN YOUNGMAN, ESQ. PUBLICATIONS MANAGERKEITH ROBISON [email protected] EDITORPAULA SOUTHERLAND [email protected]
SENIOR DIRECTOR, COMMUNICATIONS, TECHNOLOGY, AND PUBLICATIONSMIKE ARDIS, APR [email protected] SUBSCRIPTIONSSubscriptions to Fair+Equitable are free for members of the International Association of Assessing Officers. For information on becoming a member, contact the Membership Director at 816-701-8100 or [email protected]. ADVERTISINGFor display advertisements, download individual advertising contracts at IAAO.org in the publications menu. Advertisements appearing in Fair+Equitable are paid and do not imply endorsement by IAAO of the products or services advertised. EDITORIAL SUBMISSIONSSend a Word file to Keith Robison, [email protected]. A letter stating that the paper has neither been published nor is under consideration elsewhere must accompany the submission. REPRINTSWritten permission must be obtained for reproduction or use of contents. HEADQUARTERSInternational Association of Assessing Officers314 W 10th Street Kansas City, Missouri 64105-1616 USA 816-701-8100 800-616-4226816-701-8149 (fax)
IAAO.org
MAGAZINE OF THE INTERNATIONAL ASSOCIATION OF ASSESSING OFFICERS
SEPTEMBER 2021 | VOLUME 19 | NUMBER 8
in-person conference plus a full vir-tual conference compelled us to look at ways to offer a scaled-down but still significant number of sessions virtually while also putting together a traditional conference.
I think we succeeded. We offered 12 hours virtually, with the added option of giving those attendees access to recordings of the sessions until the end of September.
While members might have won-dered whether IAAO would have to go all-virtual this year, IAAO exam-ined all alternatives while working to hold the conference in-person.
We were hopeful that we could re-turn to a more normal environment this year, but it may be 2022 before our Annual Conference is back to its full format.
A hundred years ago, the world faced a different pandemic, and it took several years to fully recover.
Today, with more medical re-sources available, I am hoping we return to a pre-pandemic world much sooner.
Ironically, the 1918 flu pandemic is thought to have originated in Kansas not far from my home county.
The COVID-19 pandemic started far from Kansas but still has had an impact across the globe. In this issue of F+E, there is an article on the var-ious economic effects COVID has had on assessors and the global econo-my. Also in this issue is information on the candidates running this year
for our 2022 Board of Directors.The election will take place Nov.
1-15 via email, and I encourage you to review the candidates and vote.
Your vote is your voice, giving you input into the direction IAAO takes in the years ahead. In addition to selecting candidates, there will be a vote on changes to the association bylaws, including the proposed re-vised mission statement that is part of our new strategic plan.
With the conference now over, we return to our regular work.
This October, several committees will meet in Kansas City. Members interested in serving on a committee or task force in 2022 can find more information and apply online by Sept. 10 at iaao.org/volunteer.
As always, we continue planning for our next in-person meetings, including the IAAO Legal Seminar, set for Dec. 2-3 in Fort Lauderdale, and the GIS/Valuation Technologies Conference in New Orleans, March 13-19, 2022.
The GIS/Valuation Technologies Conference, presented with URISA, is seeking proposals for workshops and presentations; those proposals must be submitted by Sept. 15.
It’s always a great conference for members looking for more informa-tion on various technology products.
Through IAAO, you have access to a great deal of knowledge, and I hope you can take advantage of our programming.
The election will take place Nov. 1-15 via email, and I encourage you to review the candidates and vote. Your vote is your voice, giving you input into the direction IAAO takes in the years ahead.
“
4 Fair+Equitable SEPTEMBER 2021
+ iNSIGHTS
COMPILED BY KEITH ROBISON
UNITED STATES
As house prices rise, the affordability squeeze is on
A new Zillow analysis has found that affordability issues are expected to worsen by the end of the year and are likely to leave millions newly burdened by housing costs.
Mortgage payments as a percentage of U.S. income reached 19.4% in June — the most current observed data — and were anticipated to surpass 2018 levels in August.
Assuming home values grow in line with what Zillow economists have forecast, that percentage could rise to more than 23.1% by the end of 2021, depending on where mortgage rates are heading in the coming months.
“Strong demand and rising prices for homes are overwhelming the ability of low mortgage rates to keep month-ly payments down,” Nicole Bachaud, Zillow economic data analyst said.
“As prices continue to outpace income gains, affordability constraints will start to slow home price growth.”
Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) has found that a lack of inventory and elevated prices continue to make the prospect of shop-ping for and buying a house daunting for a majority of Americans today.
CHICAGO
Chase commits $3 million to Appraiser Diversity Initiative
The Appraisal Institute, Fannie Mae and Freddie Mac recently announced that Chase has made a $3 million commitment to the Appraiser Diversity Initiative.
Chase will devote $1 million per year for three years to support trainee education packages. This commitment is expected to help about 700 students with textbooks, calculators, and any additional courses required.
The goals of the Appraiser Diversi-ty Initiative are to attract diverse new
entrants into the residential appraisal field, overcome barriers to entry (such as education, training, and experience requirements), and provide support to aspiring appraisers for professional success. — nevadabusiness.com
UNITED STATES
Rent prices soar beyond pre-pandemic projections
Rents continued on a strong trajec-tory and have pushed beyond where they were projected to have been if pre-pandemic trends had held, accord-ing to the July 2021 Zillow Real Estate Market Report.
The continued rise erases the small affordability gains renters made during the brief period of rent softening that ended this spring.
And while U.S. home value appre-ciation again broke records in July, there are signs of a rebalancing in the for-sale market to come, with inventory rising for the third consecutive month and home value appreciation slowing in almost half of the nation’s largest markets.
Typical U.S. rents jumped 9.2% year-over-year in July to $1,843 per month, according to the Zillow Observed Rent Index (ZORI). That’s the fastest recorded by Zillow records in data that reaches back through 2015.
Projecting forward historical ZORI values from February 2020 — the last full month before the COVID-19 pan-
demic hit the U.S. in earnest — we estimate that the U.S. ZORI in July was 2.9% ($52) higher than where it would have been if the last roughly 18 months had been more “normal.”
Rents first surpassed their pre-pan-demic trajectory in June, recovering from a difference of -3% (-$55) at its lowest point last September.
The stalled rental market from last spring through this past winter stood in sharp contrast to the still-strong for-sale market, but in recent months intense rental demand has caused rent growth to accelerate.
Rents in nine of the nation’s 50 larg-est metros — Tampa; Riverside, Cali-fornia; Las Vegas; Jacksonville, Florida; Memphis; Phoenix; Virginia Beach; At-lanta; and Miami — are more than 10% higher than their projected rent levels for July based on pre-pandemic trends, topping out at 15.6% higher in Tampa.
Only nine metros, mainly concentrat-ed in more-expensive coastal markets, are yet to catch up with their projected levels: Los Angeles, Washington D.C., Chicago, Minneapolis, Seattle, Boston, New York, San Francisco, and San Jose, California.
Even so, rents in New York, San Francisco, and San Jose were all up year-over-year, posting slight gains after more than a year of consecutive declines.
While the recovery in these expensive markets has taken longer to take effect, their rebound has been strong — and accelerating — in recent months. — Nicole Bachaud and Alexandra Lee | zillow.com
SEPTEMBER 2021 Fair+Equitable 5
BY SANDRA PATTERSON
+ Legal Trends
What types of material storage containers are considered part of the manufacturing process and which are considered real property?
In a recent Iowa case, the state Su-preme Court ruled that ingredient stor-age bins inside a feed processing plant were part of the manufacturing process, but the silos in the plant yard were not, even though they were connected to the plant by an underground conveyor.
The court also determined that the bins holding the finished feed products were not part of the manufacturing process either, even though the bins were in the same area of the plant as the ingredient bins.
The decision means that the ingredi-ent bins qualify as machinery and are tax-exempt, but the silos and product bins are taxable.
The court noted that there were few cases in Iowa that offered guidance on this issue.
However, in the decisions of courts in other states with similar machinery exemption laws, outside storage units were not held to be part of the manufac-turing activity unless some processing of the contents occurred in the struc-ture.
In a Pennsylvania case, the state’s Supreme Court determined that facil-ities storing iron ore at a steel plant qualified for exemption. Although the area was used to hold three- to 10-days of ore supply for the mill’s blast fur-naces, during that time, the stored ore was mixed with incoming shipments to ensure better uniformity in the ore’s chemical composition and physical characteristics.
The court found that any storage use was “minimal and purely incidental to their use as necessary and integral parts of the process of manufacturing steel.”
In a Wisconsin case, the Court of Appeals ruled the silos that stored the
gravel and sand at a cement plant qual-ified as exempt manufacturing ma-chinery and special processing equip-ment. According to testimony, the silos included features that monitored and controlled the moisture content of the sand. They ensured a consistent mix of sand and gravel by containing the finer sand that might otherwise blow away. The silos also prevented contamination from mud and other impurities.
The court determined that the silos’ storage purpose was vital to the cement production, making them “an integral part of the manufacturing process.”
By contrast, an interconnected net-work of oil tanks at a Minnesota asphalt maker were ruled to be storage by the state Supreme Court.
The court found that the tanks were used primarily to contain and shelter the oil, “a function similar to that per-formed by buildings.”
In this case, the two stand-alone corn silos are no different from those found in other Iowa grain-storage facilities, the court said. Their purpose is to keep up to 25 days’ supply of raw material on hand for feed plant production. No processing or manufacturing occurs
in the silos themselves, the court said. Therefore, they should be considered storage buildings.
The ingredient bins, on the oth-er hand, are an integral part of the manufacturing process, the court said. They contain the corn that has just been ground in the rolling mill. When the corn is needed for a feed product, the bin pours it onto a scale to be weighed before it is dumped into a mixer to be blended with other ingredients.
The bins do not appear to have any independent value as storage apart from their role in the manufacturing process, the court said.
The fact that they are structurally part of the building does not change their status.
The product bins, the final destination of the feed mixes, should not be consid-ered part of the manufacturing process, the court said, but rather “the epilogue” to it. The sole role of the bins is to store the product until it can be loaded onto semitrailers for distribution.(Stateline Cooperative v. Iowa Property Assessment Appeal Board and Emmet County Board of Review, Supreme Court of Iowa, No. 19–0674, April 30, 2021)
Materials storage that is integrated into production line qualifies as exempt machinery
VALUE INTERRUPTEDLike a fog rolling in from
the sea, the COVID-19 virus spread across the planet inflicting
sickness and death in its path.The entire world seemed to
shut down overnight, with stay-at-home orders, mask mandates, social distancing, and a whole new lexicon arising from this airborne threat.
Before the pandemic, working for the tax assessor was good.
Values were steady, commercial real estate was thriving, and property tax appeals were manageable. The future seemed bright, and there was hardly a cloud in the sky.
But in 2020, the skies turned dark, and all of our lives changed.
SEPTEMBER 2021 Fair+Equitable 7
BY TIM WILMATH
Friends and family often assume we appraisers are experts in all things val-ue-related.
After the pandemic hit, people would ask, “What
is going to happen to the real estate market?”
There was tremendous uncertainty, and virtually everything, including the real estate industry, came to a sudden stop. Politicians, economists, and health professionals expressed pessimism in the face of the worsening crisis.
In April 2020, United Nations Deputy Secretary-General Amina J. Mohammed said, “We have moved to a recession that will be worse than the one we ex-perienced in 2008.”
THE BEGINNINGWhile headlines focused on climbing
infection rates, business closures, and job losses, most of us in the assessment profession wondered how the pandemic would impact the value of property.
With ominous predictions and scant transaction data, some turned to eco-nomic data such as the gross domestic product (GDP) and the stock market to help evaluate the health of the econo-my and potential value impact from the virus.
GDP is the total monetary value of all the finished goods and services pro-duced within a country. Some econo-mists consider it a scorecard of econom-ic health.
Before the pandemic, GDP growth in the United States had been steady, aver-aging about 2% annually.
That changed in the first quarter of 2020, when GDP de-clined 5%, and then after the virus became widespread, dropped a whopping 32.9% in the second quarter.
That was the largest drop on record for the U.S., even great-er than the Great Depression, when the GDP shrank 26%.
Although the percentage drop dif-fered around the world, the trend was the same: A modest drop in Q1 2020, followed by a deep decline in Q2. In fact,
Will the real estate market weather the pandemic?
United Nations Deputy Secretary-General Amina J. Mohammed
8 Fair+Equitable SEPTEMBER 2021
the GDP decline during 2020 in the UK was the worst since the Great Frost of 1709.
The Dow Jones Industrial Average was humming along in early 2020.
In fact, the Dow set a record on Feb. 12, 2020, reaching 29,500 points for the first time in history.
But by late March 2020, the Dow dropped to 19,173 — an astounding 35% drop in a few short weeks. Stock mar-kets around the world suffered similar drops.
London’s Financial Times Stock Exchange 100 Index (FTSE 100) dropped 32% from Feb. 20, 2020, to March 23, 2020, a massive decline in a single month.
Before the pandemic, the lodging in-dustry was on a 10-year roll of increas-ing room rates, high occupancy, and strong profits.
Hotels were doing so well it inspired significant new construction to meet the growing demand. At the close of 2019 there were 15,000 hotel projects with over 2.4 million rooms in the construction pipeline worldwide.
That is where the hotel industry stood pre-pandemic: record room rates, record occupancy, record profits, and record new construction.
Then the virus struck.
Overnight, worldwide hotel occu-pancy tumbled from typical rates of around 70% to less than 25% or worse. Travel vanished, and hotels went from record-breaking performance to locked doors and empty rooms.
The dramatic, even shocking, drop in occupancy was unprecedented. If you had bought stock in the Marriott Corp.pre-pandemic, you would have paid about $150 per share.
By late March 2020, the price of Mar-riott’s stock had fallen to $75 per share, a stunning 50% drop in less than three months. That drop and the worsening metrics did not bode well for the future of the hotel industry.
THE MIDDLEAlmost every country suffered the ef-
fects of the virus. COVID-19 dashboards became a daily feature on television news shows, and positivity and death
rates climbed every day in every corner of the globe. The virus spread rapidly even as nations imposed lockdowns.
No one questioned whether the world was entering a recession.
Instead, most wondered how deep it would go, and how long it would last.
International Monetary Fund Manag-ing Director Kristalina Georgieva said in June 2020 that the economic predictions were grave.
“The IMF is projecting global eco-nomic activity to decline on a scale not seen since the Great Depression,” she said. “It is truly a crisis like no other.”
Morgan Stanley economist Ellen Zentner had a similar projection.
“As we move into April, it will be both a surge in layoffs as well as a shutdown
in hiring that will bring about the dark-est days for the labor market since the financial crisis.”
Despite comparisons to the pandemic, the Great Recession of 2008 was quite different.
It was caused by a bursting housing bubble, triggered by financial institu-tions’ risk-taking, subprime lending, and excessive inventory in the residen-
Clockwise, from top: Kristalina Georgieva, Ellen Zentner, and Roberto Azevêdo
Real GDP: Percent change from preceding quarter
Source: U.S. Bureau of Economic Analysis
SEPTEMBER 2021 Fair+Equitable 9
tial real estate market.The COVID-19 recession was caused
solely by an unexpected health crisis that shocked an otherwise flourishing financial system worldwide.
That position was echoed by Roberto Azevêdo, then director-general of the World Trade Organization, who said, “I want to emphasize that the underlying causes of this economic crisis are very different from the previous ones. Our banks are not undercapitalized.
“The economic engine was in decent shape. But the pandemic cut the fuel line to the engine. If the fuel line is reconnected properly, a rapid, vigorous rebound is possible.”
Many of the imposed lockdowns were lifted worldwide starting in early summer 2020.
Some businesses began to reopen,
albeit with mask restrictions and social distancing. The United States govern-ment provided financial stimulus to businesses and residents, injecting a much-needed economic lift.
As shown in the graph on the pre-vious page, that assistance helped fuel a third quarter 2020 rebound in GDP growth in the U.S. of +34%, almost reversing the losses experienced in the first half of the year.
Most European countries had a similar rise in GDP during Q3 2020, although by varying degrees.
By late summer 2020, the DOW Jones Industrial Average had climbed back to 27,500 points, still short of the re-cord-setting level of 29,500 before the pandemic.
Marriott’s stock had climbed to $100 per share, a significant increase from
its low point of $60 a share at the be-ginning of the pandemic but well below its pre-pandemic price of $150 a share.
As 2020 rolled on, a smattering of hotel sales trickled in, providing some of the first hard data that could be used to evaluate the pandemic’s impact.
LW Hospitality Advisors, a New York-based hotel consultant firm, tracks hotel transactions in the United States with sale prices greater than $10 million. In the fourth quarter of 2019 (pre-pandemic), LW Hospitality report-ed 54 sales nationwide, with an average sale price per room of $450,000.
In the second quarter of 2020, after the pandemic hit, LW Hospitality re-ported only six sales (over $10 million) with an average sale price of $169,000/room.
Not only did the sale volume drop off
10 Fair+Equitable SEPTEMBER 2021
a cliff, but the price per room fell to an average rate not seen in many years.
Restaurants, theaters, music venues, and businesses that relied on people congregating suffered greatly during the pandemic.
Overnight, restaurants closed, and employees were left without jobs. Before the pandemic, U.S. restaurants were generating $65 billion in sales each month.
That changed in March 2020, when sales dropped to $46.1 billion and then declined again in April 2020 to $29.9 billion.
Some restaurants that could provide drive-thru, pick-up, or delivery service managed to stay afloat.
Fine dining and other sit down restaurants suffered the most because of a lack of off-site services that helped fast-food and take-out restaurants survive.
Retail properties were hit with a dou-ble punch during the pandemic.
Not only were most brick-and-mortar stores shut down for months, they also suffered from the expanding encroach-ment of online shopping.
In 2015, e-commerce represented
7.4% of worldwide retail sales. By 2021 that figure has almost tripled, with e-commerce owning about 19.5% of global retail sales.
Although retail occupancy may return to pre-pandemic levels, the industry will need to evolve in the face of grow-ing e-commerce.
Online shopping has increased de-mand for distribution warehouses and other industrial properties that en-sure timely delivery of ordered goods. Because of this, the industrial market escaped largely unharmed and even expanded during the pandemic.
The immediate effect on other com-mercial property types was harder to quantify.
Millions of people worldwide vacated office buildings, but most office leases are long-term and therefore extended through the pandemic, masking any immediate impact. Multifamily per-formance was steady, assisted in part by government stimulus that helped tenants pay rent.
Despite initial fears, the U.S. residen-tial market thrived in the face of the pandemic.
Prices rose dramatically during 2020 and into 2021. According to the Nation-
al Association of Realtors, the average single family home price in the Unit-ed States reached an all-time high of $350,300 in May 2021.
Many factors contributed to this rising price trend, including low interest rates, lack of inventory, increased vaca-tion homebuyers, and more first-time homebuyers.
Although the Great Recession of 2008 hammered the residential market, the COVID-19 recession left it unscathed.
THE VACCINELike a lighthouse sending a beam
of hope through the fog, a vaccine for COVID-19 was announced in November 2020.
Overnight, hope turned into reality that our world could, and would, return to normal. This was welcome news for the real estate sector.
In many places, stay-at-home or-ders were lifted, mask mandates were dropped, and people began socializing again.
After the vaccine was announced, the U.S., Germany, Italy, China, Russia, and many other countries saw swift and dramatic increases in GDP.
SEPTEMBER 2021 Fair+Equitable 11
In November 2020, news of the vaccine caused the Dow Jones Industrial Average to surpass its pre-pandemic level of 29,500, and it has continued to rise ever since, breaking records along the way.
Wall Street, at least, put the pandemic in the rearview mirror.
The hotel industry rallied after the vaccine became widely available. In July 2021, hotel occupancy in the United States reached its
highest point since the start of the pandemic.
From a low occupancy of 24.5% in April 2020 to an average of 71% in July 2021, hotels experienced a marked turnaround from the devastating performance of the pan-demic year.
Sales of hotels also saw a remarkable rebound, with LW Hospitality Ad-visors reporting an aver-age sale price of $331,000/room in Q2 of 2021, an astounding 96% increase from the second quarter of 2020.
If you had waited until March 2021 to buy Mar-riott’s stock, you would have been forced to pay a pre-pandemic price of
about $150 per share. Although things are moving in a positive direction, the hos-
pitality segment was the hardest hit by the pan-
demic and is likely to take longer to recover than other property types.
For office properties, the new debate is whether compa-nies will allow employees to continue working from home, which could impact office space demand.
In my local market of West Palm Beach, Florida, the Related Group, a Mi-ami-based developer, bought two multi-
story Class A office buildings during the pandemic, Phillips Point and Esperante Corporate Center.
The prices they paid equaled or even surpassed pre-pandemic prices. The Related Group is nearing completion on another Class A office building, 360 Rosemary, and is planning to build yet another called One Flagler.
All of these projects are within blocks of one another. When they are complet-ed, Related will control over one million square feet of office space in downtown West Palm Beach.
Pre-pandemic, Related Group owned zero square feet of office space in down-town West Palm Beach.
Of all the indicators for the virus’ impact on the office market, the Related Group’s bet on downtown office space is the biggest one for me.
Restaurants have rebounded signifi-cantly from their low point in 2021. The National Restaurant Association esti-mates food service sales will increase 11% in 2021, which is a stark reversal of the 24% drop in sales during 2020.
That’s a positive direction, although projected to be about 15% below sales achieved in 2019.
Monthly sales for restaurants have continued to increase, surpassing $65 billion for each of the past three months, meeting or exceeding pre-pan-demic levels.
The effects of the pandemic on the multifamily market were minimal, at least on a widespread basis. There was some uncertainty early on, but with the help of government stimulus, multi-family vacancy has not been prevalent. In my local market, apartment projects represented the top three highest prices paid for real estate during 2020.
Eight out of the top 20 new construc-tion projects in Palm Beach County during 2020 were apartments. One of the biggest challenges we have had in the assessor’s office is just keeping up with the rising rents and prices of mul-tifamily properties.
For other property types, time will tell if the COVID-19 virus has lasting effects.
Industrial properties weathered the storm and even prospered.
The effects of the pandemic on the retail market will vary.
Grocery-anchored shopping centers will continue to prosper, while Class B and C malls may struggle.
Retailers are not blind to the chal-lenges they face and will continue to adapt and evolve. Senior care properties will adapt to new health protocols but will also benefit from an aging popula-tion.
Despite the delta variant outbreaks and mask mandate confusion, if you visit almost any large city in the U.S. in 2021, you will see crowded stores and jam-packed sports stadiums and restaurants.
The unleashed, pent-up demand shifted economic concerns from the pandemic to inflation and worker short-ages.
Yes, the virus still looms large, and there are still unanswered questions related to its effect on the real estate market.
Will the work-from-home trend con-tinue and impact the office market?
Will the brick-and-mortar retail mar-ket endure as e-commerce accelerates?
Will business travel resume, allowing hotels to host large conferences and events again?
While COVID-19 continues its grip on many parts of the world, evidence shows that once high vaccination rates are achieved and restrictions lifted, eco-nomic recovery accelerates.
Recovery will vary as the pandemic dissipates, but it is becoming clear that although the pandemic interrupted the real estate market, that disruption was only temporary.
As with any storm, clear skies are always just around the corner.
TIM C. WILMATH is Chief Appraiser with the Palm Beach County, Florida, Property Appraiser’s Office.
12 Fair+Equitable SEPTEMBER 2021
Candidate profiles: 2022 Board of Directors
+ IAAO GOVERNANCE
IAAO involvement and leadership• Vice President• Governance Committee• Research Committee• Education Committee• Instructor Relations Subcommittee • Ethics Committee • AVM Credentialing Task Force (Chair in 2018)• Senior IAAO Instructor: Teaching around the world since 1985 and currently approved to teach over 25 courses, workshops, and seminars. IAAO state leadership• Florida Chapter Executive Board (FCIAAO), 2014-2021• President of the Florida Chapter, 2019-2020 • IAAO Representative in Illinois and Indiana • Professional Designation Advisor
Awards• John C. Donehoo Essay Award, 2017• Certificate of Excellence in Assessment Administration, Hillsborough County, Florida, 2014, recertified 2020GoalsIf elected, I intend to continue working on the complex issues that our industry is currently facing and provide tangible and realistic solutions for all members. To continue to develop aids and tools to assist smaller jurisdictions in performing their duties and in general, promote IAAO as a world leader in mass appraisal, tax policy, and administration.
FOR PRESIDENT-ELECT
PATRICK ALESANDRINI, CAE, RESChief Deputy Property Appraiser, Hillsborough County, Florida
FOR VICE PRESIDENT
LISA A. HOBART, CAE, PPS, FIAAOConsulting Assessor, Birmingham, Michigan
Michigan Certified General Appraiser #1201000475Chief Assessor – West Bloomfield Township, Michigan (Retired)Chief Assessor – City of Detroit, Michigan (Previous)
IAAO involvement and leadership• Executive Board Member• Member since 1988 • Senior Instructor – Teaching in 40 states, four Canadian provinces, 2,000+ students!• IAAO Designation Advisor – Seven achieving the CAE, RES, or PPS in 2020!• Contributing Author, Property Assessment Valuation (PAV), 3rd Edition • Chair – IAAO Authoritative Text Task Force (Rewrite of IAAO Glossary), 2020-2021 • Chair – Designation Skills Map Task Force, 2020• Chair – IAAO Valuation of Personal Property Standard, 2018 • Nominating Committee• IAAO Editorial Review Board-current• Course Content Task Force Member• Technical Standards Subcommittee of Research and Technology Committee• TeGOVA - European Valuation Standard - Reviewer-currentNational contributions• Author – Assessor training manuals, presentations for more than 100 Chapters/Affiliates• The Appraisal Foundation (TAF) Board of Trustee Member, 2015-2020. • American Society of Appraisers (ASA), former Detroit Chapter President• Michigan State Assessors Board – Member/Chairperson, 2000-2009, gubernatorial appointment• Michigan Assessors Association - Instructor, Education Chair, Audit Chair
Awards• 2018 Recipient of the IAAO Fellow Award• 2016 IAAO Most Valuable Member• 2014 IAAO Instructor of the Year
Goals• Provide support to the IAAO elected leaders and professional staff for the benefit of all members.• Development of a Rapid Response Task Force. Goals include providing timely information and focused education programs for our membership on contemporary topics.• Ensure careful attention to member expectations with immediate leadership review and response. Specific areas include: - Develop contemporary topic continuing education workshops and courses.
- Involve more members seeking to contribute to our association.
- Conduct meetings in locations that maximize membership attendance and participation.
- Survey members regularly on ways IAAO can better serve every member.
FOR VICE PRESIDENT
REBECCA L. MALMQUIST, CAE City Assessor,Minneapolis
I respectfully ask for your vote for IAAO Vice President. I am so grateful to have been in the assessment profession for 24 years and to be part of IAAO.
Goals• Provide an enhanced member experience for all. • Continue the critical work on diversity, equity, and inclusion. • Grow the organization globally. • Focus on innovative and accessible education, all while continuing to lead the world in mass appraisal, assessment administration, and property tax policy.
I will lead with passion, dedication, empathy, and enthusiasm as your Vice President!
IAAO activitiesMember since 2000
Committee and task force involvement • Governance, 2021 • Women’s Initiative Network (WIN), 2021 • Board of Directors, 2018-2020 • Strategic Planning, 2020 • Executive Director Search, 2020 • Finance, 2019 • Conference Local Host Co-Chair, 2018 • Membership Chair, 2016-2017 • Communications Chair, 2015 • Communications, 2010-2014 • State Representative, 2012-present • Co-Founder of the Women’s Initiative Network
Instructing and presentations • Regular Instructor, 2017-present • In-state Instructor, 2015-2017 • Instructed sessions at Annual and GIS/CAMA Conferences
Recognition Matylda Zurowska Hudak Member of the Year Award 2018 John A. Zangerle Award as Managing Editor of MAAO’s Equal Eyes, 2004, 2005, 2007, and 2009
Education and professional development Certified Assessment Evaluator (CAE), 2008 Minnesota Senior Accredited Assessor (SAMA), 2003 B.A. in Urban and Regional Studies; Geography; University of Minnesota-Duluth, 1998
Affiliate leadership Member since 1998 Membership Coordinator, 2012-present Form Report Instructor/Grader, 2014-Present LEAD Leadership Course Instructor, 2017-Present Region IX President, 2014-2016, Vice-President, 2013 Editorial Board Chair, 2004-2011 Equal Eyes, Managing Editor, 2003-2011
Professional experience • City of Minneapolis, City Assessor, 2021-present - Interim City Assessor, 2021 - Director of Assessments, 2014-2020 • City of Minnetonka, City Assessor, 2009-2014 - Assessor Appraiser, 1998-2009 • St. Louis County - Assessment intern, 1997-1998
SEPTEMBER 2021 Fair+Equitable 13
FOR BOARD OF DIRECTORS
REGION 1KARA ENDICOTT, CAE, RESCommercial Real Estate Valuation Manager, Johnson County, Kansas
FOR BOARD OF DIRECTORS
REGION 1DOUGLAS WARR, AASAssessor, Cleveland County, Oklahoma
My name is Kara Endicott and I am running to become a representative for Region 1 on the Board of Directors of IAAO.
I have committed to the appraisal industry since first starting my career path after college. Over 20 years later, my drive to make the mass appraisal in-dustry better still moves me to make improvements in myself and my chosen profession.
To help reach these goals, I joined IAAO in 2003. Since that time, I have earned multiple designations and contributed both my time and talents to the or-ganization by serving on committees and task forces, instructing, and much more.
I am running for this office to represent the mem-bership. Your opinion matters to me, and I will serve as a voice to the Board for all the members.
The last few years, I have been working tirelessly on the Education Committee to update current IAAO material, produce new relevant offerings, and keep costs down so education is accessible and affordable.
When I teach IAAO material, I get a unique insight into the way everyone does their work and the chal-lenges they are facing in their workplace.
I want IAAO to be a resource that is valuable to you and your office, no matter where you may be.
I have worked in IAAO from the chapter level to the national stage and am ready to represent you on the Board of Directors. I believe in IAAO and the good it can do.
I pledge to continue the advancement of our ed-ucation offerings and promote IAAO to others in our industry, both in the U.S. and abroad.
Thank you for your consideration, and I would ap-preciate your vote.
EducationB.A., theatre arts; B.A., communicationGoals
Coming from the education side of IAAO, I would like the organization to continue to improve its course offerings, both in content and appearance.
I believe we finally have the staff in place to achieve this, so continued support is needed to see it through. I would also like to see a more diverse membership base.
This could be achieved by moving into areas we have not before, like showing in colleges that a mass appraisal career is a viable option.
Commitment is a strong word, but one I take very seriously when it comes to IAAO.
Over the years I’ve served on IAAO committees, chaired IAAO committees, and had oversight on mul-tiple task forces.
For two years as Chair of Research and Standards, I attended Board of Directors meetings in person and gained valuable knowledge, watching and learning how the Board operates and functions.
I’m an elected official as a County Assessor in Oklahoma and previously was an instructor at Oklahoma State University, where I provided over 150,000 hours of training to county assessors and their deputies. Please look over my accomplishments with IAAO. I respectfully request your support and vote. IAAO involvement and leadership• Research and Standards Committee – Chair, 2019-2020• Oversight of seven task forces in 2019 and nine task forces in 2020• Research and Standards Committee, 2018, 2021• Research and Standards Committee – Super Chair, 2016-2017• Technical Standards Committee, 2011-2015• Standard on Standards Task Force, 2021• Senior IAAO Instructor• Strong IAAO Representation in Amsterdam, (F&E 2015)• Annual Conference presenter multiple times• IAAO State RepresentativeOklahoma IAAO chapter• Chapter President, 2003• Executive Board, 2006-2014• George Keyes Award, 2012• Charter MemberState leadership-Oklahoma Assessors’ Association• Board of Directors, 2019-2021• Legislative Committee, 2019-2021• Oil and Gas Committee, 2018-2021• Wind Committee, 2020-2021
GoalsTechnical innovations are changing our profession
at an accelerating rate. I’m planning to increase funding and make more opportunities in research for our data scientists.
Our members are our lifeblood, and I would like to explore every option to make volunteering for IAAO a fulfilling and life-changing experience.
To improve the flow of feedback from our instructors back to IAAO and make sure they have the most advanced tools to do their jobs and any concerns they have are heard and addressed.
To have a well-managed budget that will keep membership dues, conferences, and course fees affordable.
Election regionsBoard of Director Candidates
are placed in one of three positions on the ballot according to their membership situs. The geograph-ic makeup of the three positions is determined by the Nominating Committee, subject to approval by the Executive Board. The geographic makeup is re-examined every five years to ensure equal representation of members within each geographic area.
REGION 1
AlaskaAlbertaArizonaAustraliaBritish ColumbiaCaliforniaChinaColoradoGuamHawaiiHong KongIdahoJapanKansasKoreaMexicoMontanaNebraskaNevada New MexicoNew ZealandNorth DakotaNorthwest TerritoriesOklahomaOregonPhilippinesSouth DakotaSaskatchewanTexasThailandUtahWashingtonWyomingYukon Territory
14 Fair+Equitable SEPTEMBER 2021
Candidate profiles: 2022 Board of Directors
+ IAAO GOVERNANCE
FOR BOARD OF DIRECTORS
REGION 3ROBERT “BOBBY” T. LEE, ESQ., AASLawyer, Lee Law Firm, Mt. Juliet, Tennessee
Robert “Bobby” T. Lee has 37 years of expe-rience in the property taxation and assessment profession.
He worked for the Tennessee Comptroller of the Treasury for 30 years before retiring in Feb-ruary 2015 when he started his solo law practice. He has worked extensively with state and local officials on property tax issues.
Bobby has been a member of IAAO since 1994 and achieved the Assessment Administration Specialist (AAS) designation in 2018.
He served as President of the Tennessee Chapter of IAAO in 2010. He has served five terms on the IAAO Legal Committee/ Legal Task Force, serving as Chairman for 2020 and 2021. He served as IAAO State Representative for Tennessee for several years.
He is a Senior Specialty Instructor for IAAO teaching Assessment Administration and Tax Pol-icy and is also an instructor for TEAM Consulting, LLC.
Bobby is a graduate of Tennessee Technologi-cal University (1984) and earned his law degree in 1989 from Nashville School of Law.
He has been a frequent speaker and presenter on property tax and assessment issues and authored the Tennessee Assessment Law course offered by the Tennessee Division of Property Assessments. Goals• Explore and develop incentives for IAAO members to maximize benefits and increase membership.• Enhance transparency to provide more informa-tion to members.• Continue to enhance IAAO commitment to providing affordable and timely educational programs by developing additional courses and webinars.• Enhance research capabilities to enable mem-bers to access legal decisions on appraisal and property taxation issues to assist in appeals.
FOR BOARD OF DIRECTORS
REGION 2GREGORY T. HUTCHINSONTax Assessor, Howell Township, New Jersey
In my 16-year career in the assessment field that spans over two states, currently in New Jersey and previously in Pennsylvania, I have had the opportunity of working with some incredible people and have had some amazing teachers and educational content.
One of the things that most of these people and classes have had in common was their affiliation with IAAO. I have the honor of being the only IAAO Repre-sentative for the State of New Jersey dating back to 2018. During this time I have jumped head-first into serving IAAO and its membership both in New Jersey as well as internationally.
Last year I had the opportunity to serve on the IAAO Nominating Committee. I have been lucky enough to attend four Annual Conferences and had the pleasure of presenting at two of them. I am scheduled to present this year in Chicago discussing “Communication in Leadership.”
I hope to get the opportunity to continue serving IAAO and its membership in a leadership role as a Di-rector of Region 2, and would be honored to continue to push IAAO into the future, to continue to elevate our standards and education, and to strengthen the bonds between the membership, the chapters and affiliates, and the international organization through enhanced communication.IAAO involvement and leadership• NRAAO (Northeastern Regional Association of Assessing Officers) Immediate Past Vice President. Current member Board of Directors • NJIAAO (New Jersey Chapter IAAO) Immediate past president, Vice President, Secretary •AMANJ ( Association of Municipal Assessor New Jersey IAAO affiliate) Tri-County Vice President (Monmouth, Ocean, Burlington Counties) • MCAA (Monmouth County Assessor’s Association) Immediate Past President, Secretary. *IAAO Distinguished Jurisdiction Award, 2019 • Many years of experience on legislative, education, conference, and membership committees in these organizations.Awards• Stacey Ford Award (IAAO 2019)• Distinguished Jurisdiction Award (IAAO 2019)
REGION 2
REGION 3
ConnecticutIndianaIowaIrelandLatviaLithuaniaManitobaMaine MauritiusMassachusettsMichiganMinnesotaMissouriNamibia
NetherlandsNew BrunswickNewfoundlandNew HampshireNew JerseyNew YorkNova ScotiaOhioOntarioPakistanPennsylvaniaQuebecRomania
AlabamaArkansasBahamasBarbadosDelawareDistrict of ColumbiaFloridaGeorgiaGrenada
KentuckyLouisianaMarylandMississippiNorth CarolinaSouth CarolinaTennesseeVirginiaVirgin IslandsWest Virginia
Election infoThe IAAO election will take place electronically Nov. 1 through Nov. 15. Regular members in good stand-ing will be able to vote for the 2022 Regular Board Members and Officer positions, and Associate members in good standing will vote for an Associate Board Member.• For more information, click here.
SEPTEMBER 2021 Fair+Equitable 15
Jason Camp is an Extension Specialist for the Mississippi State University Extension Center for Government and Community Development. He became an active member of IAAO in April 2014.
In his capacity, he leads the Mississippi Assessor Education and Certification program and serves as the state’s IAAO Coordinator.
This program develops participants’ appraisal skills, provides opportunities for continuing education, and allows participants to gain greater professionalism through state level and IAAO designations. Camp works daily with the over 500 participants in this program providing technical assistance, educational opportunities, and administrative support.
Camp has served on the Chapter and Affiliates Subcommittee and since 2018 has been the Associate member on the IAAO Education Committee. In 2018 he was awarded the IAAO Emerging Professional Award.
IAAO has served as a catalyst for his career. He understands how this organization empowers its members by providing world-recognized education.
GoalsIf elected for this position Camp has three goals: 1. To continue to provide high-quality education for members regardless of the size or location of their jurisdictions. 2. To build the organization’s leadership capacity by inspiring younger members to become more active in all areas of the organization. 3. To raise awareness of the essential function that mass appraisal plays in local governments and elevate the status of assessors by developing more outreach opportunities.
FOR BOARD OF DIRECTORS
ASSOCIATEJASON CAMP, PH.D.Extension Specialist, Mississippi State University, Mississippi State, Mississippi
Experience• Ten plus years working for local government jurisdic-tions in North Dakota and Minnesota and consulting for jurisdictions across the country.
Education• IAAO CAE candidate• Ph.D. - Research Methods and Applied Statistics
IAAO involvement and leadership• 2020-2021, Body of Knowledge Standards Inte-gration Task Force (2021 Chair)• 2020 and 2021, Chair of the URISA/IAAO GIS and Valuation Technologies Conference• 2019, Vice Chair of the URISA/IAAO GIS and Valua-tion Technologies Conference• 2017-2018, IAAO Cadastral expert for the Coalition of Geospatial Organizations (COGO) • 2017-present: Editorial Review Board of the Journal of Property Tax and Assessment Administration• 2018, Co-author of GIS for Property Tax and As-sessment Professionals book• 2018 - GIS Book Task Force (Chair)• 2015-2017, Research Subcommittee (Chair 2016-2017)• 2013-2015, Library Committee• Various publications in IAAO materials and presen-tations at IAAO Conferences over the last 10 years including three International Research Symposiums.
State leadership• 2018, Minnesota Association of Assessing Officers Sales Ratio Committee• 2016-2017, Minnesota Association of Assessing Officers CAMA Committee• 2012, North Dakota Association of Assessing Offi-cers Region 1 Secretary
Goals if elected• Promote transparency within IAAO membership directories and provide more exposure at conferences and visibility for vendors to obtain leads.• Make IAAO research and education materials readily available to ALL members with little or reduced cost.• Promote cutting-edge research on emerging tech-nology as well as on unique valuation issues.• Support and expand partnerships with academic in-stitutions and other research-based organizations to provide funding and grant opportunities for research on hot topics.• Support the evolution of online and in-person edu-cation initiatives through active learning approaches.
FOR BOARD OF DIRECTORS
ASSOCIATEDANIEL FASTEEN, PH.D.Product Specialist/Research Scientist,Aumentum Technologies, Minneapolis
Ryan has been an IAAO member since 2006. He has obtained the IAAO designations of RES (Residen-tial Evaluation Specialist), CAE (Certified Assessment Evaluator), and TMA (Tennessee Master Assessor). Ryan is local to Tennessee and has also served as the President of the Tennessee Chapter of IAAO. Ryan has served on the USPAP committee and currently serves on the IAAO Professional Development Committee.
Experience • Twenty years of leadership, training, and program oversight experience• Instructed appraisal classes for the State of Ten-nessee and received the Ray D. Kennedy Award for promotion of education• Ryan is a National Sales Manager for Tax Manage-ment Associates • His current position and his previous positions as Appraisal Specialist with the State of Tennessee and Project Manager role with Patriot Properties have helped him to gain extensive industry knowledge and foster valuable relationships with Assessment professionals
Goals• Continuously demonstrate commitment to stepping up as a leader representing IAAO Associate members• Restructuring the Associate membership category to empower the partners in the assessment industry • Promote the profession to ensure equal opportuni-ties for all
StatementMaking a difference has always been about shar-
ing my time and talents with the causes that mean the most to me. Over the years, I have lent a hand to community efforts: everything from serving as a local alderman to President of the Board of Directors for the Boys and Girls Club. In recent years, I have honed my efforts into helping with IAAO committees. It would be an honor to receive a vote from you to serve as your Associate Member on the Board of Directors. I am proud to be an IAAO member alongside such accomplished assessment professionals.
FOR BOARD OF DIRECTORS
ASSOCIATERYAN CAVANAH, CAENational Sales Representative, Tax Management Associates, Nashville, Tennessee
16 Fair+Equitable SEPTEMBER 2021
IAAO and URISA are inviting workshop and presentation proposals for the 25th Annual GIS/Valuation Technol-ogies Conference next March in New
Orleans.This conference is a favorite annual
event for assessors and the GIS pro-fessionals who use technology to make property assessment and tax adminis-tration more accurate and efficient.
The conference takes place at the Hilton New Orleans Riverside, a downtown hotel in the Warehouse Arts District on the banks of the Mississippi River.
The hotel is in walking distance to the French Quarter, Jackson Square, Canal Street, and the National WWII Museum.
The conference will feature workshops, educational sessions, panel discussions, and opportunities to connect with solu-tions providers and fellow attendees.
Full- and half-day workshop proposals are encouraged.
Suggested workshop topics include:• Using your GIS/assessment data to
analyze equity in valuation• Ratio studies• Using assessor’s data for emergency
management and response• Application scripting and development• IAAO one-day forums• URISA certified workshops• Parcel/cadastral mapping• Introduction to modeling• Introduction to GIS
• Imagery• Use of UAVs/drones• Data quality management/metadata• Model development and refinement• USPAP seven-hour update• Using statistical software with GIS
data• GIS/CAMA integration• CAMA data mining — real life exam-
ples — tips and tricks• Geostatistical analysis• What every assessor needs to know
about GIS• What every GIS professional needs to
know about assessment• Social media for assessor’s offices• Management topics for elected offi-
cials• Professional development and certi-
fication• ArcGIS applications and topics
Presentations sought for 2022 GIS/Val Tech conference
The details• Workshop proposals: due Sept. 15• Presentation proposals: due Sept. 15• Acceptance notification: Oct. 15• Presenter registration deadline: Dec. 1 • Event: March 27-30, 2022
+ Knowledge Areas
The French Quarter is just blocks away from the 25th Annual GIS/Valuation Technologies Conference hotel site.
SEPTEMBER 2021 Fair+Equitable 17
• Parcel fabric tips and tricksPresentation proposals are
encouraged in several formats, from lightning talks to com-plete sessions. The conference planning committee will orga-nize content into the following tracks:
GIS Technologies: GIS tech-nologies have become essential to the field of property assess-ment, and this track examines the latest innovations in the geospatial industry supporting the work of assessors.
Modeling and Valuation: This track covers valuation topics including modeling, valua-tion methodologies, machine learning, data visualization, and manipulation, as well as ratio studies.
The track will also feature sessions on reappraisal as well as best practice case studies on the application of methodologies.
Leadership Development and Policy: Managing a GIS, assessment system, or a team of appraisers, cadastral mappers or GIS technicians requires more than just technical capabilities.
This track contains essential presenta-tions to help guide you through GIS plan-ning, understanding changing policy and emerging technology, and developing soft skills to enhance your leadership abilities.
Presentation formatsSingle presentation — An individual
presentation that will be scheduled with several other presentations to form a cohesive session 60-90 minutes long. Each presenter is allotted 15-20 minutes, including questions from the attendees.
Complete session — One subject cov-ered by one or more presenters. The ex-pectation is that the depth and complexity of the issue merits the longer time. A complete session is 90 minutes in length.
Lightning talks — Short (five minute) talks on a single subject. Concise and focused with few slides. The best lightning talks are entertaining and educational.
Panel and roundtable — A panel or roundtable is a 60-90 minute presentation
that encourages interaction and discussion between the panelists and the audience.
Panel presentations should include at least three panelists all speaking on aspects of a particular topic.
Some suggested program topics to consider:
• COVID impacts on values (residential and commercial)
• COVID impacts on workflow• ARPA/CARES funding• Gentrification impacts on communities• Data visualizations• The impact of climate change on hous-
ing markets and assessments• GIS technologies• Management and leadership• Open records issues• Parcel/cadastral mapping• Computer vision and machine learning
(artificial intelligence)• Data aggregation and sharing• Solutions for small jurisdictions• Safety in the field• Integrating GIS and CAMA data• Automated valuation models• Next generation 911: The role your
data plays
• Using assessor’s CAMA data and GIS for emergency planning and response
• Mobile and cloud solutions• Property valuation• Data collection• Special property types• Innovations/outside the box applica-
tions• Future-looking topics/trends to watch• International topics• Case studies of assessment and parcel
workflows• State-assessed value allocation• Parcel fabric• Tools for appeals• Imagery• Use of UAVs/drones• Mentoring the next generation• GISP certification• Succession planning• Tax policy issuesThe list is not meant to be restrictive but
is provided to stimulate ideas. All propos-als received will be reviewed and consid-ered for the program.
For more details and the online presen-tation proposal submission form, click here.
18 Fair+Equitable SEPTEMBER 2021
+ career connection
APPRAISER IICLARENDON COUNTYMANNING, SOUTH CAROLINA
JOB DESCRIPTIONUnder occasional supervision, the
Appraiser II inspects and appraises real property in Clarendon County for ad valorem taxation using accepted meth-ods and procedures for valuation for the Assessor’s Office and in accordance with South Carolina State law.
The Appraiser II is an experienced appraisal position in the Tax Assessor’s Office requiring a South Carolina Mass Appraisal License classification or higher and works under minimal supervision to collect and analyze parcel data leading to a value decision.
DUTIES AND FUNCTIONSDuties include locating and measuring
parcel information, entering and preparing data, analyzing data, valuing, preparing findings, and defending valuations.
The position reports to the Chief Ap-praiser.
The following duties are normal for this position. The omission of specific
statements of the duties does not exclude them from the classification if the work is similar, related, or a logical assignment for this classification.
Other duties may be required and assigned.· Conducts property appraisals: Performs
basic and complex level appraisals of all real property to include mobile homes, residential, agricultural, commercial, and exempt property; creates or verifies data for existing and/or new construc-tion; and uses department procedures and current data to establish fair market values.
· Collects property data: Compiles data specific to each property; measures, sketches, or photographs new property, additions, and renovations to determine property values; compiles sales infor-mation; and audits existing appraisal data.
· Performs field inspections: Audits re-ports for errors and problems; verifies data for new constructions and addi-tions or renovations.
· Prepares appeal data: Prepares data for appeal hearings.
· Provides customer service: Provides information and assistance regarding appraisal process to the public, and to
real estate and tax professionals as required.
· Communicate: With supervisor, other employees, the public, real estate and tax professionals, and other individuals as needed to coordinate work activities, review status of work, exchange infor-mation, or resolve problems.
ADDITIONAL JOB FUNCTIONSPerforms as part of the county damage
assessment team to assist in assessing damage from natural disasters to proper-ties.
SPECIFIC LICENSE OR CERTIFICATION REQUIRED
Must possess a South Carolina Mass Appraisal License classification, or higher. Maintaining an appraisal license is an on-going mandatory requirement for contin-ued employment in this position.
Must possess and maintain a valid South Carolina driver’s license in good standing.
APPLY Contact Linda Lemon at countyhr@
clarendoncountygov.orgPhone: 803-433-3231Fax: 803-435-2653
• FALL LEADERSHIP DAYS Oct. 8-9Kansas City, Missouri
• WOMEN’S INITIATIVE WORKSHOP: Building Diversity, Equity, and Inclusion From a Foundation of Emotional Intelligence Nov. 3, 4, 17, and 18
• 42nd ANNUAL LEGAL SEMINARDec. 2 - 3Fort Lauderdale, Florida
• 25th GIS/VALUATION TECHNOLOGIES CONFERENCEMarch 27-30New Orleans
• 2022 ANNUAL CONFERENCE Aug. 28-31Boston
events
Advertise in Fair+Equitable: www.iaao.org/mediakit
THANK YOU TO OUR
VALUED SPONSORS
GEO S PAT I A LG EO S PAT I A L
PREMIER
DIAMOND
GOLD SILVER
BRONZECyclomedia • GSA Corp • JF Ryan Associates, Inc. • Kansas County Appraisers Association
KCIAAO • Patriot Properties, Inc. • South Central KS Regional Chapter of IAAO
TEAM Consulting LLC • The Master’s Touch LLC • Thomas Y. Pickett & Company • ValueFinder LLC
* As of July 30, 2021
20 Fair+Equitable SEPTEMBER 2021
Emotional intelligence is the abil-ity to understand your emotions and how they affect the work-place.
It is a key component to being an effective and intentional leader.
The 16-hour Emotionally Effective Leader Workshop provides attendees with a deeper understanding of emo-tional intelligence as well as a set of tools to be the well-rounded leader needed in today’s environment.
The virtual workshop will be present-ed in four half-day sessions.
Participants will learn the importance of emotional intelligence in effective leadership and leave with a better un-derstanding of their strengths and areas to develop to enhance their leadership skills.
Objectives● Increase participants’ understanding
of emotional intelligence and its role in effective leadership.
● Create understanding of emotional intelligence using the EQ-i 2.0 model as a platform.
● Enable participants to identify specific areas in their own EQ-i 2.0 Leader-
ship Reports and build an action plan to work on areas to develop. Partici-pants will complete an EQ-i 2.0 online assessment before the workshop and will receive their report at the session.
● Identify areas in their own emotional intelligence that they wish to develop.
● Identify and understand how aspects of emotional intelligence lead to de-railing behaviors.
Workshop components● Leadership Effectiveness Framework:
Understanding mental models, core beliefs, technical skills and the impact they have on our leadership.
● Leadership and Emotional Intelli-gence: Exploring the soft and techni-cal leadership skills, and making the connection to emotional intelligence (why we are here?).
● Understanding the Tenants of Emo-tional Intelligence: Understanding the EQ-i 2.0 model of emotional intel-ligence and reviewing the results of each participant’s results.
● Transformational Leadership: Explor-ing why optimal emotional effective-ness is important and the correlation between transformational leadership and emotional intelligence.
● Personal Ownership: Learning to shift mindsets for ourselves and others in regards to diversity, equity, inclusion, and anti-racism, by identifying what we need to “own” in order to have effective and proactive conversations and to advocate for others.
● Leadership Derailers: Understanding blind spots and mitigating leadership derailers.
Building diversity, equity, and inclusion from a foundation of emotional intelligence
THE VIRTUAL WORKSHOP• Presented by Christine Watkins
Davies, MA, PCC; and Zach Montroy, SPHR
• Nov. 3, 4, 17, and 18 (all sessions are from noon to 4 p.m. Central)
COST AND DEADLINESThe cost to register for IAAO
members is $225 and $365 for nonmembers. Registration deadline is Friday, Oct. 15 in order for participants to receive and complete the EQ-i 2.0 Online Assessment before the workshop.
Register here or on the IAAO website.
+ Knowledge Areas
SAVE the DATE
20222022 August 28 – 31Boston, MA
22 Fair+Equitable SEPTEMBER 2021
+ iaao absolute
Tiffany Avery recently started work at IAAO in the Professional Development Department as the Educational Content Editor.
Her main responsibilities will be up-dating and editing the educational cur-riculum, writing and editing content for professional development, and defining technical writing standards for IAAO’s curriculum, including creating a detailed in-house style guide.
Tiffany’s background includes many years of customer service, patient care, insurance billing, and working with subject matter experts (SMEs) in varied fields to develop, edit, and revise licens-ing and certification exams.
“I love ensuring that writing is clear,
concise, easily understood, and engag-ing,” she said. “I find fulfillment work-ing in content that promotes excellence, education, and lifelong learning, and I look forward to helping improve both the content and processes at IAAO.”
She recently finished her Master’s degree in English, Technical and Profes-sional Writing at Missouri State Univer-sity in Springfield.
When she’s not at work, she enjoys strength training, running, swimming, reading, writing, and spending time with her two daughters.
And when she’s not at work or at home, Warrant Officer 1 Avery is doing once-a-month drills with the Missouri Army National Guard.
IAAO welcomes new Educational Content Editor Tiffany Avery
Tiffany Avery
AgendaWatch for agenda at www.iaao.org/legalseminar
The IAAO Legal Seminar will be held in Fort Lauderdale, Florida on Dec. 2–3, 2021 and will cover legal topics of interest to members of the assessment and property tax industry.
for more information...Contact the Legal Task Force Chair, Bobby Lee, Esq., AAS ([email protected])
or the Legal Task Force staff liaison, Leann Ritter ([email protected]).
IAAO LegalSeminarDec. 2–3, 2021 • Fort Lauderdale, Florida
SAVETHE DATE
HotelThe seminar will take place at The Dalmar Hotel.
RegistrationRegistration is now open at iaao.org/legalseminar
CLE hoursAttorneys will receive a uniform certificate of attendance on the second day of the seminar for filing with their state. IAAO will seek approval for states requested prior to October 1, 2021.
AASASSESSMENT ADMINISTRATION SPECIALIST
ROBERT FISHER, AAS, Appraiser II earned the Assess-ment Administration Specialist designa-tion. He is Senior Ap-praiser with Bulloch County Tax Asses-sors in Statesboro, Georgia.
DAVID A. TURBYFILL, AAS, earned the Assessment Administration Specialist designation. He is Assistant Director List-ing with Gaston County, North Carolina.
cAeCERTIFIED ASSESSMENT EVALUATOR
MICHAEL MILLS, CAE, RES, earned the Certified Assessment Evaluator designa-tion. He is Appraiser II with King County, Washington.
DANIELLE SORENSON, CAE, earned the Certified Assessment Evaluator designation. She is Senior Commercial Market Appraiser with Saskatchewan Assessment
Management Agency.
REsRESIDENTIAL EVALUATION SPECIALIST
DEIDRE L. HENNON, RES, earned the Residential Evaluation Specialist designation. She is IT Manager and Acting Chief Asses-sor with Allegheny County, Pennsylvania, Office of Property Assessments.
New Designees+ MEMBER NEWS
LIVE-ONLINE COURSE 331: Mass Appraisal Practices and Procedures
iaao.org/online
INSTRUCTOR: Robert P. Reardon, CAE
COURSE DATES: Monday, October 4 – Thursday, October 7, 2021
24 Fair+Equitable SEPTEMBER 2021
Vote for Lisa A. Hobart, CAE, PPS, FIAAO
For IAAO Vice [email protected]
Lisa A. Hobart, CAE, PPS, FIAAO | Facebook
Election is conducted on-line November 1-15! Your vote is important. Respectfully asking for your Vote!
Consulting Assessor with over 40-years’ experience!
Active IAAO Member for 33 years! Activities include: Senior Instructor, Professional Designation Advisor, IAAO Course Author, IAAO Apprais-al Publications author and contributor, IAAO Executive Board Member, Chair of Glossary Rewrite Task Force, Conference Speaker, Numerous Committees and Task Forces and recently appointed to TEGoVA, an inter-national appraisal standards board, as the Technical Standard Reviewer.
IAAO Awards: *2018 Recipient of the IAAO Fellow Award, *2016 IAAO Most Valuable Member, and *2014 IAAO Instructor of the Year
Leadership goals if elected:• Provide support to the IAAO elected leaders and professional staff for
the benefit of all members.• Development of a Rapid Response Task Force to provide timely
information and focused education programs for our membership on contemporary topics.
• Involve more members seeking to contribute to our association.• Conduct meetings in locations which maximize membership
attendance and participation.• Survey members regularly on ways IAAO can better serve every
member.
GIS/ValuationTechnologies Conference
March 27-30, 2022 • New Orleans, LouisianaHilton New Orleans Riverside
There’s no better place to celebrate the 25th Anniversary GIS/Valuation Technologies Conference than New Orleans!
Open Call for Workshop and Presentations Proposals
SUBMISSIONS DUE SEPTEMBER 15