TALK REAL. Now that you ve received your property assessment ASSESSMENTS, ROLLBACKS AND YOUR PROPERTY TAXES

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "TALK REAL. Now that you ve received your property assessment ASSESSMENTS, ROLLBACKS AND YOUR PROPERTY TAXES"

Transcription

1 REAL TALK FROM THE POLK COUNTY ASSESSOR SPRING 2013 ASSESSMENTS, ROLLBACKS AND YOUR PROPERTY TAXES Now that you ve received your property assessment for 2013, you re likely wondering how it will affect your taxes. Your assessment is just one factor in your final tax calculation. The rollback, determined by the Iowa Department of Revenue, also plays a key role. The rollback is Iowa s assessment limitation, originally established in the 1970s. It was implemented to help minimize the effect of inflation on property taxes at a time when the country was seeing double-digit inflation. Each year, it limits the growth in the taxable value of residential and agricultural properties statewide to 4 percent. YOUR SITUATION WILL VARY DEPENDING ON YOUR PROPERTY VALUES AND HOW THEY CHANGED COMPARED TO THE STATEWIDE AVERAGE, BUT IN GENERAL, MOST PROPERTY OWNERS CAN ANTICIPATE PAYING MORE IN TAXES STARTING IN SEPTEMBER WHAT IT MEANS FOR PROPERTY OWNERS Because of the significant increases in farmland values and their assessments this year, the rollback will help limit the property tax increases that Iowa farmers will pay starting in September For example, a farmer whose assessed agricultural property value increased by 40 percent will only see a maximum of a 4 percent increase in the amount that property taxes are assessed against. In 2012, taxes on agricultural property were only paid on 60 percent of assessed value. Most residential property owners will also see an increase in taxes even though, on average, assessed values statewide are not expected to change significantly. That s because the amount of taxable value on a typical home will still increase about four percent each year. In 2012, residential property owners paid taxes on only 52.8 percent of assessed value. Residential taxable values that have been rolled back to 52.8 percent of actual value will continue to grow for all property owners until taxes are paid on 100 percent of the assessed property value. Your situation will vary depending on your property values and how they changed compared to the statewide average, but in general, most property owners can anticipate paying more in taxes starting in September Continued on page 2

2 ASSESSMENTS, ROLLBACKS AND YOUR PROPERTY TAXES Continued from page 1 ROLLBACK EFFECT RESIDENTIAL YEAR Assessed Value 150, ,000 (No change in assessed value) x Rollback % (2013 estimated) Taxable Value 79,200 82,500 x Tax Rate 40 per thousand 40 per thousand (assumes no change in tax rate) Property Tax 3,168 3,300 The chart above shows an example of how a residential property with no change in assessed value this year would be affected by the rollback. Here are some of the key steps leading up to the rollback and final tax calculations. Property assessments are distributed. Property owners who want to do so file appeals with the local Board of Review. The Board of Review determines any assessment adjustments. After the Board of Review adjourns, the assessor files an abstract with the Iowa Department of Revenue reporting the assessed values for each class of property. The Director of Revenue determines the rollback percentage for each year, applying the assessment limitation percentage uniformly to each and every assessed value in the state for a class of property. The auditor calculates the taxable values, taking into account the rollback percentage. The local taxing bodies use these figures when calculating their budgets for the coming fiscal year. See the property tax timeline on page 3 for more details about the property tax cycle. THE EFFECTS OF LOW-INCOME HOUSING PROJECTS ON NEIGHBORING HOME VALUATIONS A research effort conducted by Richard Funderburg at the University of Iowa and Heather MacDonald at the University of Western Sydney (Australia) evaluated the impact of new low-income housing projects on surrounding singlefamily homes in Polk County. The Polk County Assessor s office played an important role in the research by providing historical home valuation data used in their analysis. Results from the research suggested that new low-rise, concentrated low-income housing tax credit (LIHTC) projects are associated with a 2-4 percent slower rate of nearby single-family home valuation, And these results persisted for five or more years after the projects were approved. However, no clear valuation effect appeared when the LIHTC project was high quality and targeted to mixed-income groups. An additional finding showed that neighborhood valuation effects from new construction of LIHTC projects in Iowa that served the elderly experienced a short-lived 2-4 percent faster rate of growth in neighboring single-family home values. Funderberg and MacDonald concluded that concentrating low-income renters in subsidized housing projects causes negative consequences in surrounding properties but that this might be avoided by tenant income mixing and improved site planning and design. For his current research project, Funderberg is evaluating the impact of local development subsidies in Iowa. The Polk County Assessor s office will again play an important role in this research by providing historical valuation data for commercial properties. Funderburg, Richard and Heather I. MacDonald Neighbourhood Valuation Effects from New Construction of Low-income Housing Tax Credit Projects in Iowa: A Natural Experiment, /Urban Studies/, 47,

3 2013/14 PROPERTY TAX TIMELINE Property assessments were distributed in mid-april here s a look at other key property tax dates to know: Jan. 1 Property assessment (appraisal date) April 15 Deadline for taxpayer notification April 16 May 5 May July 1 Written appeals to Board of Review Board of Review in session Total valuation by class reported to Department of Revenue Aug. 15 Iowa Department of Revenue issues equalization order to adjust values of an entire class of property to statutory level of assessment (if needed) Oct. 15 Nov. 15 Nov.1 Jan. 1, 2014 Board of Review reconvenes if jurisdiction receives an equalization order Deadline for Iowa Department of Revenue to issue rollback factors County auditor certifies taxable value to levying bodies (e.g. county, school, city, assessor and area school) July 1, 2014 Auditor certifies tax list to county treasurer (taxes are due in two payments Sept. 30 and Mar. 31) 2013 ASSESSMENT CHANGES FOR POLK COUNTY CITIES Assessments for 2013 in Polk County dropped an average of 1.28 percent compared to Here s a breakdown of the changes for each city in Polk County. CITY 2012 TOTAL ASSESSMENT VALUE 2013 TOTAL ASSESSMENT VALUE % CHANGE Alleman 25,036,200 24,733, % Altoona 712,098, ,427, % Ankeny 2,675,846,130 2,650,878, % Bondurant 184,192, ,395, % Carlisle 4,503,900 4,493, % Clive 754,895, ,536, % Des Moines 7,136,792,890 6,974,966, % Elkhart 22,599,200 22,609, % Granger 16,120,900 16,115, % Grimes 461,601, ,862, % Johnston 1,304,931,510 1,300,280, % Mitchellville 57,731,100 57,420, % Pleasant Hill 463,158, ,091, % Polk City 219,913, ,802, % Runnells 20,011,900 19,902, % Sheldahl 6,758,900 6,749, % Urbandale 1,986,543,700 1,974,139, % West Des Moines 2,597,102,900 2,577,729, % Windsor Heights 283,550, ,294, % Total Incorporated 18,933,390,730 18,690,428, % These figures exclude parcels that have a building permit, parcels with class change, vacant parcels, new parcels for 2013 and those with a commercial section in the improvement record.

4 RESIDENTIAL ASSESSMENT AND SALES UPDATE The following graph shows why assessments continued on a slight downward trend for Jan. 1, It compares sale prices to assessments for the years 2011 and 2012, with an assessment date of Jan. 1, The two-year trend line consistently below the 100 percent level indicates properties, on average, have been selling below their assessed value, However, the trend line in 2012 was closer to the 100 percent level, especially through the peak selling period of May through September SALES RATIO TREND ANALYSIS 110% MEDIAN SALE PRICE/ASSESSMENT 108% 106% 104% 102% 100% 98% 96% 94% 92% 90% JAN FEB MAR APR MAY 2011 JUNE JULY 2011 AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY 2012 JUNE JULY 2012 AUG SEPT OCT NOV DEC SALE MONTH/YEAR ASSESSMENT CHANGE DISTRIBUTION FOR 2013 Most assessments in 2013 saw a downward adjustment. The following charts show the percent and dollar changes in assessed valuation for Both charts exclude parcels that are vacant lots, parcels that have a permit and parcels that have a commercial section in the improvement record. PERCENT CHANGE DISTRIBUTION FOR ,000 90,000 80,000 70,000 DOLLAR CHANGE DISTRIBUTION FOR ,000 90,000 80,000 70,000 PARCEL COUNT 60,000 50,000 40,000 PARCEL COUNT 60,000 50,000 40,000 30,000 30,000 20,000 20,000 10,000 10, % % % % % 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% - 50,000-40,000-30,000-20,000-10, ,000 20,000 30,000 40,000 50,000 PERCENTAGE CHANGE DOLLAR CHANGE

5 RESIDENTIAL ASSESSMENT AND SALES UPDATE The following two charts show on average how much the values of homes in Polk County decreased this year based on their value group by average dollar amount and by median percent. AVERAGE DOLLAR CHANGE BY ASSESSED VALUE GROUP 3,000 2,500 2,000 1,500 AVERAGE DOLLAR CHANGE 1, ,000-1,500-2,000-2,500-3,000-3,500-4,000 <= 70,000 70,000 90,000 90, , , , , , , , , , , , , ,000 >= 250,000 ASSESSED VALUE GROUP MEDIAN PERCENT CHANGE BY ASSESSED VALUE GROUP 5% 4% 3% 2% MEDIAN PERCENT CHANGE 1% 0% -1% -2% -3% -4% <= 70,000 70,000 90,000 90, , , , , , , , , , , , , ,000 >= 250,000 VALUE RANGE CATEGORIES

6 COURT DECISIONS AND DETERMINING A PROPERTY S WORTH One thing for sure is that there is always room for plenty of disagreement when it comes to determining what a property is worth. A number of court decisions have been important for both the taxpayers and the assessors in approaching hearings on specific assessment appeals.here are just a few holdings of particular interest to assessors in defending an appeal. In Deere vs. Zeiner, 78 N.W. 2 nd 527, 535 (Iowa 1956) the court said, We have pointed out several times that valuations for tax purposes are not capable of exact ascertainment and cannot be more than approximately correct. Tenant improvements should be considered in the assessed valuations, Ruan Center Corp. vs. Board of Review of the City of Des Moines, 297 N.W. 2 nd 538 (Iowa 1980) If there is insufficient comparable sales to value a property using the comparable sales method, the assessor is to use the other factors approach, meaning the assessor should consider all other factors bearing on the value of the property. Equitable Life Ins. Co. v. Board of Review of Des Moines, 281 N.W. 2 nd 821, (Iowa 1979) In Merle Hay Mall vs. City of Des Moines Board of Review, 564 N.W. 2 nd 419, 422 (Iowa 1997), the taxpayer argued the assessor failed to consider the fact that no willing buyer would offer full price for the mall property because it was subject to a very unfavorable lease to Younkers, one of the anchor tenants. The court pointed out that both the lessee s and the lessor s interests are included in the valuation and, while the lease was unfavorable to the mall owner, it was very favorable to Younkers. The court went on to conclude the combined value of the parties interest remains the same. Percentage leases may be considered to the extent they reflect current market rental rates in developing the income approach to value. Riso v. Pottawattamie Board of Review, 362 N.W. 2 nd 513, 516 (Iowa 1985) all else being equal, evidence of sales of nonfranchise restaurant properties is not as probative of the value of franchise-restaurant property as is evidence of sales of other franchise-restaurant properties. Soifer v. Floyd Co. Board of Review, 759 N.W. 2nd 775 (Iowa 2009) When an assessor considers the use being made of property, he is merely following the rule that he must consider conditions as they are. Maytag v. Partridge, 210 N.W. 2nd at 590 (Iowa 1973) POLK COUNTY ASSESSOR S WEBSITE GETS A MAKEOVER Finding information about properties, assessments and taxations just got easier thanks to a refreshed Polk County Assessor website: Be sure to take a look and see how simple it is to find the information you need. And if you prefer searching like you used to, don t worry, you can still access the former site from the new homepage. QUESTIONS? We hope you ve found this issue of RealTalk to be informative. We d like to know what you think. For more information on any of these topics, please contact us. We want to be your resource for property assessment issues. Previous issues of RealTalk are archived on the Polk County Assessor s website at Jim Maloney Polk County Assessor Randy Ripperger Chief Deputy Assessor

We hope the trends provide additional perspective on your county s work. We know it provided valuable insight on the work we do here at Revenue.

We hope the trends provide additional perspective on your county s work. We know it provided valuable insight on the work we do here at Revenue. Date: March 6, 2018 To: County Assessors, Auditors, and Treasurers From: Jon Klockziem, Acting Director Subject: Property Tax Services Report The Property Tax Division of the is pleased to provide the

More information

We look forward to working with you to build on our collaboration and enhance our partnership on behalf of all Minnesotans.

We look forward to working with you to build on our collaboration and enhance our partnership on behalf of all Minnesotans. Date: February 27, 2017 To: County Assessors, Auditors, and Treasurers From: Cynthia Rowley, Director Property Tax Division Subject: Property Tax Services Report The Property Tax Division of the Minnesota

More information

POLK COUNTY ASSESSOR ANNUAL REPORT

POLK COUNTY ASSESSOR ANNUAL REPORT POLK COUNTY ASSESSOR ANNUAL REPORT 2012 Polk County Parcel Count and Acre Totals Excluding Roads and Railroads Jurisdiction Parcels Acres Jurisdiction Parcels Acres Jurisdiction Parcels Acres Jurisdiction

More information

York County 2015 Reassessment Program. York County Assessor s Office 18 W. Liberty St York SC fax

York County 2015 Reassessment Program. York County Assessor s Office 18 W. Liberty St York SC fax York County 2015 Reassessment Program York County Assessor s Office 18 W. Liberty St York SC 29745 803-684-8526 803-628-3936 fax Re-Assessment The Reassessment Program Act 208: Act 208, as passed by the

More information

2015 Polk County Assessor s Office. Ankeny Economic Development Corp. October 15, 2015

2015 Polk County Assessor s Office. Ankeny Economic Development Corp. October 15, 2015 2015 Polk County Assessor s Office Ankeny Economic Development Corp. October 15, 2015 2015 Rollback Commercial - 90% Industrial - 90% Multiresidential 86.25% Residential 55.1976% (Projected) How is the

More information

SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month

SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month Grand Strand Market Report 2017 capped off a great year for the Grand Strand as full year SFR sales volume and median sales price were up 9.8% and 4.3%, respectively. Condo sales activity increased 3.0%

More information

Provided by Keller Williams Realty Professional Partners Statistics from September 2010 MLS

Provided by Keller Williams Realty Professional Partners Statistics from September 2010 MLS Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market (using September 2010 statistics) Report overview: This report includes MLS data for

More information

APPRAISER & ASSESSOR Real Estate Tax Valuation Overview and Issues

APPRAISER & ASSESSOR Real Estate Tax Valuation Overview and Issues APPRAISER & ASSESSOR Real Estate Tax Valuation Overview and Issues James R. Johnston, MAI, SRA J. Michael Tarello, MAI, ASA, MRA February 11, 2015 BOSTON Property Advisors Vision Government Solutions AGENDA

More information

APPEAL PROCESS GUIDE FOR THE PROPERTY OWNER

APPEAL PROCESS GUIDE FOR THE PROPERTY OWNER 2018 APPEAL PROCESS GUIDE FOR THE PROPERTY OWNER IMPORTANT DATES TO KNOW 2018 APPEAL PROCESS TIME FRAME March 1 - assessment notices must be mailed March 15 - last day to file for owner-occupied status

More information

The Duties of the Iowa Assessor (ISAC New County Officers School)

The Duties of the Iowa Assessor (ISAC New County Officers School) The Duties of the Iowa Assessor (ISAC New County Officers School) Wayne Schwickerath Story County Assessor January 19, 2017 Purpose of Presentation (Iowa Code Chapter 441) Assessment & Valuation of Property)

More information

YOUR GUIDE TO THE REASSESSMENT PROGRAM

YOUR GUIDE TO THE REASSESSMENT PROGRAM YOUR GUIDE TO THE REASSESSMENT PROGRAM Why Reassess? Reassessment is required by law. Act 208, as passed by the General Assembly in 1975, provides that all real property will be valued at its current market

More information

SF 295 Overview. Lucas Beenken Public Policy Specialist Iowa State Association of Counties

SF 295 Overview. Lucas Beenken Public Policy Specialist Iowa State Association of Counties SF 295 Overview Lucas Beenken Public Policy Specialist Iowa State Association of Counties Property Tax Reform SF 295 Business Property Tax Credit Commercial/Industrial Rollback Property Assessment Limitation

More information

Williamson Central Appraisal District

Williamson Central Appraisal District Williamson Central Appraisal District 2016 Annual Report Alvin Lankford, RPA, CAE, CCA Chief Appraiser October 1, 2016 625 FM 1460, Georgetown, TX 78626-8050 Phone 512.930.3787 www.wcad.org Office Hours:

More information

Date: March 2018 TOWN OF WATERFORD Department of Assessment

Date: March 2018 TOWN OF WATERFORD Department of Assessment Date: March 2018 TOWN OF WATERFORD 1. Overview: The purpose of this workshop is to explain the Assessment Disclosure Notice, how assessments are derived and how to challenge your assessment if you do not

More information

Queens Rental Market Report October 2017 mns.com

Queens Rental Market Report October 2017 mns.com Queens Rental Market Report October 2017 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 10 Queens Price Trends 11 Neighborhood Price Trends 11 Long Island City 12 Astoria 13 Ridgewood 14 Flushing 15

More information

Date: March 2018 TOWN OF HOOSICK Department of Assessment

Date: March 2018 TOWN OF HOOSICK Department of Assessment Date: March 2018 TOWN OF HOOSICK UNDERSTING YOUR PROPERTY ASSESSMENT 1. Overview: The purpose of this workshop is to explain the Assessment Disclosure Notice, how assessments are derived and how to challenge

More information

Date: March 2018 TOWN OF FLORIDA Department of Assessment

Date: March 2018 TOWN OF FLORIDA Department of Assessment Date: March 2018 TOWN OF FLORIDA UNDERSTING YOUR PROPERTY ASSESSMENT 1. Overview: The purpose of this workshop is to explain the Assessment Disclosure Notice, how assessments are derived and how to challenge

More information

Board of Appeal and Equalization Handbook

Board of Appeal and Equalization Handbook Board of Appeal and Equalization Handbook This handbook was created to satisfy the training requirements of Minnesota Statutes, sections 274.014 and 274.135 Updated January 2018 Table of Contents Introduction...

More information

TUCSON and SOUTHERN ARIZONA

TUCSON and SOUTHERN ARIZONA TUCSON and SOUTHERN ARIZONA End of Year Housing Report (52) 818-454 Stephen@TeamWoodall.com 217 End of Year Housing Report SALES & INVENTORY Housing market trends For the overall real estate market in

More information

Monthly Statistics Package November 2015

Monthly Statistics Package November 2015 Vancouver Island Real Estate Board Monthly Statistics Package November 2015 FOR IMMEDIATE RELEASE December 1, 2015 November Sales Activity Up Significantly From One Year Ago NANAIMO, BC November sales

More information

41 st Annual Conference Appraising Property

41 st Annual Conference Appraising Property 2017 KCCA 41 st Annual Conference Appraising Property Kansas County Commissioners Association Junction City, Kansas June 2, 2017 Topics Overview PVD s Role in the Appraisal Process Appointment of County

More information

Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market

Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market Provided by Susan Kraemer of Prudential Arizona Properties Report overview: This report

More information

Introduction to MPAC & Farm Assessment

Introduction to MPAC & Farm Assessment Introduction to MPAC & Farm Assessment Delivering the 2016 Assessment Update Cramahe Township Ontario Agri-Food Venture Centre Terri-lyn Wright, Property Valuation Specialist Catherine Barr, Account Manager

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR AUGUST McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR AUGUST McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK WASHINGTON, DC SEPTEMBER 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR AUGUST 2017 Contract activity in August 2017 was up 4.9% from August 2016, and there were increases

More information

Victoria Real Estate Market Statistics for August Sept 1, 2017

Victoria Real Estate Market Statistics for August Sept 1, 2017 Victoria Real Estate Market Statistics for August 27 Sept, 27 A total of 736 properties sold in the Victoria Real Estate Board region this August, 6.6 per cent fewer than the 883 properties sold in August

More information

Roles, Responsibilities and Relationships About MPAC Property Assessment in Ontario Updates to Assessment Values in Year Products and Services Role

Roles, Responsibilities and Relationships About MPAC Property Assessment in Ontario Updates to Assessment Values in Year Products and Services Role Roles, Responsibilities and Relationships About MPAC Property Assessment in Ontario Updates to Assessment Values in Year Products and Services Role of Municipal Relations Outreach Initiatives 2012 Assessment

More information

County of Sacramento Office of the Assessor Annual Report. Kathleen Kelleher Assessor

County of Sacramento Office of the Assessor Annual Report. Kathleen Kelleher Assessor County of Sacramento Office of the Assessor 2012 Annual Report Kathleen Kelleher Assessor Table of Contents Message from the Assessor................................... 2 The Assessor s Mission and Responsibilities.........................

More information

MLS of Greater Cincinnati - Charts for the Month: November 2017

MLS of Greater Cincinnati - Charts for the Month: November 2017 MLS of Greater Cincinnati - Charts for the Month: November 2017 The following charts provide an overview of what has occurred in the MLS over the past month. Each chart provides a historical trend. The

More information

CHAPTER 10 FIXED ASSETS AND INTANGIBLE ASSETS

CHAPTER 10 FIXED ASSETS AND INTANGIBLE ASSETS 1. a. Property, plant, and equipment or Fixed assets b. Current assets (merchandise inventory) 2. Real estate acquired as speculation should be listed in the balance sheet under the caption Investments,

More information

FREEDOM OF INFORMATION ACT POSTING

FREEDOM OF INFORMATION ACT POSTING CHIEF COUNTY ASSESSING OFFICIAL KENDALL COUNTY ANDREW P. NICOLETTI 111 West Fox Street Rm. 303 Yorkville, Illinois 60560-1498 630-553-4146 FREEDOM OF INFORMATION ACT POSTING The purpose of the Freedom

More information

GENERAL ASSESSMENT DEFINITIONS

GENERAL ASSESSMENT DEFINITIONS 21st Century Appraisals, Inc. GENERAL ASSESSMENT DEFINITIONS Ad Valorem tax. A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment laws, and

More information

Duties of the Assessors

Duties of the Assessors Duties of the Assessors Value Properties Determine New Growth Set Tax Rate Assess Property Taxes Abate & Exempt Taxes Manage Overlay Account Assess Local Excises 1 Value Property Assessments based on fair

More information

Minneapolis St. Paul Residential Real Estate Index

Minneapolis St. Paul Residential Real Estate Index University of St. Thomas Minneapolis St. Paul Residential Real Estate Index October 2017 About the Report: The University of St Thomas Residential Real Estate Index has been developed by the Shenehon Center

More information

HomeLet Rental Index

HomeLet Rental Index HomeLet Rental Index HomeLet is the UK s largest supplier of tenant referencing to the lettings industry. The HomeLet Rental Index shows agreed rental prices, from over 3,000 letting agents each month,

More information

UNDERSTANDING PROPERTY TAXES IN COLORADO

UNDERSTANDING PROPERTY TAXES IN COLORADO UNDERSTANDING PROPERTY TAXES IN COLORADO This brochure was created to provide general information on the Colorado property tax system. For more specific information on any one of these topics, please visit

More information

Understanding Mississippi Property Taxes

Understanding Mississippi Property Taxes Understanding Mississippi Property Taxes Property tax revenues are a vital component of the budgets of Mississippi s local governments. Property tax revenues allow these governments to provide important

More information

The Greater Reno-Tahoe Real Estate Report

The Greater Reno-Tahoe Real Estate Report February, 2018February, 2018 February, 2018 Issue The Greater Reno-Tahoe Real Estate Report Housing Market Trends for: Reno, Sparks, Carson City, Carson Valley, Lake Tahoe, Dayton, and Fernley A FREE monthly

More information

Amendment U Exempt Certain Possessory Interests From Property Taxes. Amendment U proposes amending the Colorado Constitution to:

Amendment U Exempt Certain Possessory Interests From Property Taxes. Amendment U proposes amending the Colorado Constitution to: Amendment U Exempt Certain Possessory Interests From Property Taxes Final Draft Amendment U proposes amending the Colorado Constitution to: beginning with tax year 0, eliminate property taxes for individuals

More information

Property Appraisal Division Finance Department Anchorage: Performance Value Results

Property Appraisal Division Finance Department Anchorage: Performance Value Results Anchorage: Performance Value Results Mission Provide fair and equitable basis for taxation in the Municipality of Anchorage in conformance with State law and professional standards. Core Services Valuation

More information

While a project is typically acquired on a specific date

While a project is typically acquired on a specific date A Presentation of the National Association of Home Builders While a project is typically acquired on a specific date Building rehab (if there are multiple buildings) is typically completed building by

More information

UDIA WA PROPERTY MARKET STATISTICS

UDIA WA PROPERTY MARKET STATISTICS UDIA WA PROPERTY MARKET STATISTICS OCTOBER 217 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE 3 4 ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL

More information

September 2017 Market Statistics

September 2017 Market Statistics tember 2017 ket Statistics for Ada and Canyon Counties Monthly Analysis Despite rising home prices, today s housing market doesn t have much else in common with the market we saw prior to the recession.

More information

FY General Revenue Forecast Presentation

FY General Revenue Forecast Presentation FY 2015-2019 General Revenue Forecast Presentation Steven A. Solomon Director of Finance February 18, 2014 Overview Current Economic Outlook National State Local FY 2014 2nd Quarter Revenue Update Five

More information

Housing Indicators in Tennessee

Housing Indicators in Tennessee Housing Indicators in l l l By Joe Speer, Megan Morgeson, Bettie Teasley and Ceagus Clark Introduction Looking at general housing-related indicators across the state of, substantial variation emerges but

More information

Phoenix, Central and Northern Arizona

Phoenix, Central and Northern Arizona Phoenix, Central and Northern Arizona End of Year Housing Report 1-8-354-5664 LongRealty.com 217 End of Year Housing Report SALES & INVENTORY Housing market trends For the overall real estate market in

More information

MCLENNAN COUNTY APPRAISAL DISTRICT PROPERTY VALUATION WORKSHOP

MCLENNAN COUNTY APPRAISAL DISTRICT PROPERTY VALUATION WORKSHOP MCLENNAN COUNTY APPRAISAL DISTRICT PROPERTY VALUATION WORKSHOP WORKSHOP OBJECTIVES To understand: Property Tax System The valuation process What is Market Value Market Trends Time frame for protesting

More information

Tri-Cities Insider September 2015

Tri-Cities Insider September 2015 Tri-Cities Insider Your Current Real Estate Market 1 Go to: http://grouponetricities.com click on this logo to view market info each month. 2 3 Yearly Comparisons- Real Trends July/June 2015 Housing Market

More information

THE OUTLOOK FOR HOUSING IN ILLINOIS

THE OUTLOOK FOR HOUSING IN ILLINOIS THE OUTLOOK FOR HOUSING IN ILLINOIS Jonathan Smoke Chief Economist January 25, 2017 NATIONAL TRENDS 2 2000.01 2000.05 2000.09 2001.01 2001.05 2001.09 2002.01 2002.05 2002.09 2003.01 2003.05 2003.09 2004.01

More information

LUXURY MARKET REPORT. - January

LUXURY MARKET REPORT. - January LUXURY MARKET REPORT - January 2018 - www.luxuryhomemarketing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Market Report, your guide to luxury real estate

More information

Assembly Bill No. 489 Committee on Growth and Infrastructure CHAPTER...

Assembly Bill No. 489 Committee on Growth and Infrastructure CHAPTER... Assembly Bill No. 489 Committee on Growth and Infrastructure CHAPTER... AN ACT relating to the taxation of property; providing for the partial abatement of the ad valorem taxes imposed on property; directing

More information

THE REAL ESTATE GROUP

THE REAL ESTATE GROUP The Manhattan Rental Market Report March 2008 Table of Contents Letter from Our Chief Operating Officer 3 A Quick Look 4 Mean Citywide Rental Prices 8 Citywide Price Trends 10 Neighborhood Price Trends

More information

Coachella Valley Median Detached Home Price April April 2017

Coachella Valley Median Detached Home Price April April 2017 The Desert Housing Report Median Price $450,000 $400,000 Coachella Valley Median Detached Home Price April 2002 - $349,000 $389,000 $350,000 $300,000 $250,000 $200,000 $150,000 CV Detached Median Price

More information

Home sales down, listings up across Metro Vancouver

Home sales down, listings up across Metro Vancouver News Release FOR IMMEDIATE RELEASE: Home sales down, listings up across Metro Vancouver VANCOUVER, BC May 2, The Metro Vancouver* housing market saw fewer home buyers and more home sellers in. The Real

More information

Annual Report on the Charleston Area Housing Market FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON TRIDENT ASSOCIATION OF REALTORS MLS

Annual Report on the Charleston Area Housing Market FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON TRIDENT ASSOCIATION OF REALTORS MLS Annual Report on the Charleston Area Housing Market FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON TRIDENT ASSOCIATION OF REALTORS MLS FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON

More information

UDIA WA PROPERTY MARKET STATISTICS

UDIA WA PROPERTY MARKET STATISTICS UDIA WA PROPERTY MARKET STATISTICS AUGUST 217 1 What s new in strata? Learn how community title schemes and leasehold strata are changing the strata game. Visit landgate.wa.gov.au/strata-reform Subscribe

More information

AAug ugust 2017

AAug ugust 2017 August 17 17 Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines City of Calgary, September 1, 17 Sales posted a modest gain in August, but a rise in new

More information

California Housing Market Update. Monthly Sales and Price Statistics January 2018

California Housing Market Update. Monthly Sales and Price Statistics January 2018 California Housing Market Update Monthly Sales and Price Statistics January 2018 Sales Started with a Slight Decrease California, Jan. 2018 Sales: 388,800 Units, -2.9% YTD, -2.9% YTY 700,000 600,000 500,000

More information

Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market

Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market News Release FOR IMMEDIATE RELEASE: Steady sales and diminished listings characterize for the Metro Vancouver housing market VANCOUVER, BC January 3, 2018 After reaching record levels in 2015 and 2016,

More information

Assessment of Real Property Amended Senate Bill 109

Assessment of Real Property Amended Senate Bill 109 The Ohio State University Knowledge Bank kb.osu.edu Ohio State Law Journal (Moritz College of Law) Ohio State Law Journal: Volume 18, Issue 4 (1957) 1957 Assessment of Real Property Amended Senate Bill

More information

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR SEPTEMBER & 3rd QUARTER 2017

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR SEPTEMBER & 3rd QUARTER 2017 STATPAK LOUDOUN COUNTY OCTOBER 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR SEPTEMBER & 3rd QUARTER 2017 Contract activity in September 2017 was up just 0.6% from September

More information

NEIGHBORHOOD ENTERPRISE ZONE ACT Act 147 of The People of the State of Michigan enact:

NEIGHBORHOOD ENTERPRISE ZONE ACT Act 147 of The People of the State of Michigan enact: NEIGHBORHOOD ENTERPRISE ZONE ACT Act 147 of 1992 AN ACT to provide for the development and rehabilitation of residential housing; to provide for the creation of neighborhood enterprise zones; to provide

More information

Housing Price Forecasts. Illinois and Chicago PMSA, December 2015

Housing Price Forecasts. Illinois and Chicago PMSA, December 2015 Housing Price Forecasts Illinois and Chicago PMSA, December 2015 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK LOUDOUN COUNTY MARCH 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY 2018 Contract activity in February 2018 was almost unchanged, up just 0.2% from February

More information

Collin Central Appraisal District

Collin Central Appraisal District Collin Central Appraisal District 2016 ANNUAL REPORT Introduction Collin Central Appraisal District ( District or CCAD ) is a political subdivision of the State of Texas. The Texas State Constitution,

More information

LUXURY MARKET REPORT. - February

LUXURY MARKET REPORT. - February LUXURY MARKET REPORT - February 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MAY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES AFFORDABILITY

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MAY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES AFFORDABILITY STATPAK WASHINGTON, DC JUNE 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MAY 2017 Contract activity in May 2017 was up 2.9% from May 2016, and there were increases for the

More information

Brooklyn Rental Market Report October 2014 mns.com

Brooklyn Rental Market Report October 2014 mns.com Brooklyn Rental Market Report October 2014 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 05 Mean Brooklyn Rental Prices 10 Brooklyn Price Trends 11 Neighborhood Price Trends 11 Bay Ridge 12 Bedford-Stuyvesant

More information

Brooklyn Rental Market Report April 2015 mns.com

Brooklyn Rental Market Report April 2015 mns.com Brooklyn Rental Market Report April 2015 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 05 Mean Brooklyn Rental Prices 10 Brooklyn Price Trends 11 Neighborhood Price Trends 11 Bay Ridge 12 Bedford-Stuyvesant

More information

Dear Brazos County Citizens and Property Owners,

Dear Brazos County Citizens and Property Owners, 2017 Annual Report Dear Brazos County Citizens and Property Owners, It is my pleasure to present the 2017 Annual Report of the Brazos Central Appraisal District. The annual report provides general information

More information

REAL ESTATE ASSESSMENTS OFFICE FINANCE DEPARTMENT PRINCE WILLIAM COUNTY, VIRGINIA

REAL ESTATE ASSESSMENTS OFFICE FINANCE DEPARTMENT PRINCE WILLIAM COUNTY, VIRGINIA REAL ESTATE ASSESSMENTS OFFICE FINANCE DEPARTMENT PRINCE WILLIAM COUNTY, VIRGINIA Craig S. Gerhart County Executive COUNTY OF PRINCE WILLIAM BOARD OF COUNTY SUPERVISORS OFFICE OF EXECUTIVE MANAGEMENT Sean

More information

Market Value Assessment and Administration

Market Value Assessment and Administration Market Value and Administration This technical document is part of a series of draft discussion papers created by Municipal Affairs staff and stakeholders to prepare for the Municipal Government Act Review.

More information

Coachella Valley Median Detached Home Price Jan Jan 2017

Coachella Valley Median Detached Home Price Jan Jan 2017 The Desert Housing Report Median Price $450,000 Coachella Valley Median Detached Home Price Jan 2002 - Jan 2017 $400,000 $350,000 $300,000 $250,000 $335,000 $340,000 $200,000 $150,000 CV Detached Median

More information

WICHITA APPRAISAL DISTRICT ANNUAL REPORT

WICHITA APPRAISAL DISTRICT ANNUAL REPORT WICHITA APPRAISAL DISTRICT 2017 ANNUAL REPORT Appraised s Wichita Appraisal District is responsible for local property tax appraisal and exemption administration for the twelve taxing jurisdictions within

More information

ASSESSMENT REVIEW BOARD

ASSESSMENT REVIEW BOARD ASSESSMENT REVIEW BOARD MAIN FLOOR CITY HALL 1 SIR WINSTON CHURCHILL SQUARE EDMONTON AB T5J 2R7 (780) 496-5026 FAX (780) 496-8199 NOTICE OF DECISION 0098 248/10 Altus Group Ltd. The City of Edmonton 17327

More information

MONTHLY STATISTICS PACKAGE. City of Calgary. May creb.com

MONTHLY STATISTICS PACKAGE. City of Calgary. May creb.com MONTHLY STATISTICS PACKAGE City of Calgary May 1 creb.com Housing supply swells in cool spring market MONTHLY STATISTICS PACKAGE City of Calgary May 1 City of Calgary, June 1, 1 Calgary s housing inventory

More information

Camp Central Appraisal District LEGAL AND ADMINISTRATIVE REQUIREMENTS

Camp Central Appraisal District LEGAL AND ADMINISTRATIVE REQUIREMENTS Camp Central Appraisal District LEGAL AND ADMINISTRATIVE REQUIREMENTS Counties are responsible for creating and establishing an Appraisal District. As a political subdivision of the state the major responsibility

More information

The Complex Maze of HUD Relocation Assistance Requirements

The Complex Maze of HUD Relocation Assistance Requirements The Complex Maze of HUD Relocation Assistance Requirements Elizabeth Gundlach Neufeld, Deputy Executive Director The Housing Authority of the City of Aurora Lee Hamre, SR/WA President H.C. Peck & Associates,

More information

March 19, State of the Homeless 2015 TURNING THE TIDE: New York City Takes Steps to Combat Record Homelessness, but Albany Must Step Up

March 19, State of the Homeless 2015 TURNING THE TIDE: New York City Takes Steps to Combat Record Homelessness, but Albany Must Step Up March 19, 2015 State of the Homeless 2015 TURNING THE TIDE: New York City Takes Steps to Combat Record Homelessness, but Albany Must Step Up State of the Homeless 2015 TURNING THE TIDE: New York City Takes

More information

MONTHS OF SUPPLY AND PRICE CHANGES. Home improvement November marks a rise in sales. MONTHLY STATISTICS PACKAGE City of Calgary. Nov.

MONTHS OF SUPPLY AND PRICE CHANGES. Home improvement November marks a rise in sales. MONTHLY STATISTICS PACKAGE City of Calgary. Nov. November 17 17 Home improvement November marks a rise in sales. City of Calgary, December 1, 17 The November housing market was spurred by a rise in sales, particularly in the lower price ranges. Sales

More information

Village of Glenview Zoning Board of Appeals

Village of Glenview Zoning Board of Appeals Village of Glenview Zoning Board of Appeals STAFF REPORT December 7, 2015 TO: Chairman and Zoning Board of Appeals Commissioners FROM: Community Development Department CASE #: Z2015-049 LOCATION: PROJECT

More information

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016 STATPAK ` WASHINGTON, DC APRIL 2016 MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016 Contract activity in March 2016 was up 12.6% from March of 2015, and there were increases

More information

Housing Price Forecasts. Illinois and Chicago PMSA, January 2018

Housing Price Forecasts. Illinois and Chicago PMSA, January 2018 Housing Price Forecasts Illinois and Chicago PMSA, January 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University

More information

Municipal Assessment Values vs. Sales Data

Municipal Assessment Values vs. Sales Data Municipal Assessment Values vs. Sales Data A means of determining equity in the property tax system Karl Green Department of Community Development Why study assessed values? Not often well understood or

More information

MonthlyStatistics MARCH 2018

MonthlyStatistics MARCH 2018 MonthlyStatistics MARCH 2018 FOR IMMEDIATE RELEASE April 3, 2018 Sales Down From 2017 But Prices Still Rising Due to Limited Inventory NANAIMO, BC Sales of single-family homes, apartments, and townhouses

More information

Twentieth century trends in farmland values

Twentieth century trends in farmland values Twentieth century trends in farmland values Farmland values have exhibited unprecedented increases in recent years. Nationwide, the compound annual rate of increase in farmland prices has been on the order

More information

Property Assessment Seminar

Property Assessment Seminar 1 Property Assessment Seminar Bloomfield Township Property Appeals Process Understanding the assessment change notice and preparing for the March Board of Review. The Seminar will also include a question

More information

Regional Snapshot: Affordable Housing

Regional Snapshot: Affordable Housing Regional Snapshot: Affordable Housing Photo credit: City of Atlanta Atlanta Regional Commission, June 2017 For more information, contact: mcarnathan@atlantaregional.com Summary Home ownership and household

More information

COMAL APPRAISAL DISTRICT ANNUAL APPRAISAL REPORT

COMAL APPRAISAL DISTRICT ANNUAL APPRAISAL REPORT COMAL APPRAISAL DISTRICT 2016 ANNUAL APPRAISAL REPORT TABLE OF CONTENTS Introduction..2 Mission Statement... 2 Purpose of Report...2 Entities Served..2 Legislative Changes.3 Property Types.3 Appraisal

More information

LUXURY MARKET REPORT. - March

LUXURY MARKET REPORT. - March LUXURY MARKET REPORT - March 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data

More information

COMAL APPRAISAL DISTRICT ANNUAL APPRAISAL REPORT

COMAL APPRAISAL DISTRICT ANNUAL APPRAISAL REPORT COMAL APPRAISAL DISTRICT 2017 ANNUAL APPRAISAL REPORT TABLE OF CONTENTS Introduction..2 Mission Statement... 2 Purpose of Report...2 Entities Served..2 Legislative Changes.3 Property Types.3 Appraisal

More information

Josephine County Residental Market Trends. January Pending Sales New Listings

Josephine County Residental Market Trends. January Pending Sales New Listings Josephine County Residental Market Trends January 217 Pending Sales..2 New Listings..3 Overall activity trends are not a measure of pricing or value for individual properties. Small Sampling sizes can

More information

TEXAS HOUSING INSIGHT

TEXAS HOUSING INSIGHT TEXAS HOUSING INSIGHT JAMES P. GAINES CHIEF ECONOMIST WAYNE DAY RESEARCH ASSOCIATE LUIS B. TORRES RESEARCH ECONOMIST TECHNICAL REPORT 2 1 2 0 OCTOBER 2016 TR Contents About this Report... 3 August 2016

More information

MARKET OUTLOOK FOR SAN MATEO

MARKET OUTLOOK FOR SAN MATEO MARKET OUTLOOK FOR SAN MATEO Jonathan Smoke Chief Economist August 2, 2016 NATIONAL TRENDS 2 JOB CREATION REBOUNDED IN JUNE 229,000 jobs created by month in 2015; 172,000 average this year Employment and

More information

Williamson Central Appraisal District Georgetown, Texas

Williamson Central Appraisal District Georgetown, Texas Williamson Central Appraisal District Georgetown, Texas Annual Report 2012 Appraisal Year General Statistical Information FY 2010 FY 2011 FY 2012 Financial Budget 6,766,737 6,877,037 6,529,600 Williamson

More information

Housing Price Forecasts. Illinois and Chicago PMSA, August 2017

Housing Price Forecasts. Illinois and Chicago PMSA, August 2017 Housing Price Forecasts Illinois and Chicago PMSA, August 2017 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University

More information

Dale Lattz Farmdoc Research Associate at the University of Illinois College of ACES

Dale Lattz Farmdoc Research Associate at the University of Illinois College of ACES Dale Lattz Farmdoc Research Associate at the University of Illinois College of ACES Outlook for Illinois Land Prices and Cash Rents Evolving Dynamics Dale Lattz University of Illinois dlattz@illinois.edu

More information

Conservation Easements: Creating a Conservation Legacy for Private Property

Conservation Easements: Creating a Conservation Legacy for Private Property Conservation Easements: Creating a Conservation Legacy for Private Property What is a Conservation Easement? For landowners who want to conserve their land and yet keep it in private ownership and use,

More information

REAL ESTATE MARKET REVIEW

REAL ESTATE MARKET REVIEW MULTIFAMILY 2014 HAMPTON ROADS REAL ESTATE MARKET REVIEW Author Charles Dalton Data Analysis Real Data Financial Support The E.V. Williams Center for Real Estate and Economic Development (CREED) functions

More information

LUXURY MARKET REPORT. - March

LUXURY MARKET REPORT. - March LUXURY MARKET REPORT - March 2018 - www.luxuryhomemarketing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Market Report, your guide to luxury real estate

More information

Cycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis

Cycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis Cycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis Real Estate Physical Market Cycle Analysis of Five Property Types in 54 Metropolitan Statistical Areas (MSAs). Income-producing real

More information