International Property Tax Institute

December 2005

IRRV National Rating Conference 2005

December 8, 2005

Jerry Grad will be giving a presentation on behalf of IPTI on Mass Appraisal Made Easy - Taking the Mystery out of the Subject at the Institute of Revenues Rating & Valuation conference, at the Kensington Town Hall, London, United Kingdom.

November 2005

2005 International Seminar on Chinese Real Estate Tax

November 24 - 25, 2005

In partnership with the Ministry of Finance and the State Administration on Taxation, UNDP/China is now implementing a four-year programme of Capacity Building to Support the Pro-poor Fiscal Reform in China. Like other developing countries, the real estate market in China has been developed quickly. However, the current property tax system in China is highly fragmented, comprising house property tax, urban real estate tax, and city and township land use tax. How to set up evaluation criteria, assign responsibility and make the property tax a viable revenue resource is essential to the local governments. The international seminar on property tax will attempt to address these issues and will take place in Wuhan City, Hubei Province. The seminar aims to examine the property taxation policies and practices in foreign countries, and to compare the land systems and the property markets between foreign countries and China. The output of the seminar would be a draft set of policy suggestions on the introduction of property tax in China. IPTI's Andy Anstett and Robert Brown have been invited to attend and make presentations on property tax reform.

October 2005

Korea Appraisal Board’s International Conference on The Present and Future of the Real Estate Tax Assessment System
Seoul, Korea
October 2005

Paul Sanderson (IPTI Advisory Board Member) was recently invited to speak at an international conference in Seoul organised by the Korea Appraisal Board (KAB) on “The Present and Future of the Real Estate Tax Assessment System”.

At the conference Paul outlined details of the property tax system in the UK and discussed some policy issues of more general application including who should pay the tax, what should form the basis of the tax, how should taxable property be assessed, how often should those assessments be revalued, along with a number of practical valuation issues.

South Korea is moving to a market value based real estate tax system and the conference was a timely review of the problems being experienced with the present property tax system and the issues associated with the new system.

Paul took the opportunity of offering IPTI assistance to the KAB and it is hoped that the contacts established through this conference will enable closer working in future.

August 2005

Shanghai Property Tax Officials visit Canadian and U.S. Jurisdictions

IPTI was pleased to assist in organizing and hosting a series of August meetings between a delegation of property tax officials from Shanghai, Peoples Republic of China, and their counterparts in the cities of Toronto, Ontario; New York, NY and Orlando, Florida.

In Toronto, the Shanghai officials spent a busy day, with presentations by Bob Brown on behalf of IPTI, Larry Hummel on behalf of the Municipal Property Assessment Corporation, and by George Schneider on behalf of General Motors whom Shanghai officials initially contacted for assistance in planning their North American study tour. The day included a tour of the GM facility in Oshawa, Ontario and concluded with an IPTI hosted dinner in honor of the delegation.

Similar one day meetings were arranged by IPTI with the Property Division of the City of New York’s Finance Department, through the offices of Asst. Commissioner Dara Ottley-Brown and with the Orange County, Orlando Florida Property Appraiser, Bill Donegan. Discussions covered all aspects of the assessment office; including organizational structure, staff training, valuation modeling for different property types and the use of computer-generated mapping systems to compliment the valuation process.

All parties to the tour considered it a great success and Shanghai officials have extended an invitation to IPTI for a reciprocal visit to their offices.

International Property Tax Institute's 8th International Conference

With the co-Operation of the Czech Republic Ministry of Finance

Property Tax in Transition
Its' Role in Fiscal Decentralization

Prague, Czech Republic
August 23rd & 24th, 2005

Conference Brochure

Press Release from Prague
August 23, 2005
Prague, Czech Republic

Prague, Czech Republic was the backdrop for IPTI’s 8th International Conference. Ms. Dana Trezziova, Deputy Minister of Finance, Czech Republic, along with Jerry Grad and Tom Johnstone from IPTI, welcomed representatives from over 20 countries to the conference on Property Tax in Transition – Its Role in Decentralization. Countries represented were:

Australia
Brazil
Brunei
Bulgaria
Canada
China
Czech Republic
England
Estonia
Hungary
Ireland
Lithuania
Macau
Pakistan
Poland
Russia
South Africa
Spain
The Netherlands
Trinidad & Tobago
USA
Zambia

International Speakers on Day One dealt with issues of Fiscal Decentralization, including global trends, implementation and policy options for taxing real property. The state of property tax in Latin America, South Africa and Paraguay were covered, as was the importance of data and information and the role of taxpayers.

Participants who attended the gala dinner were treated to a traditional Czech meal and entertainment at the historic Municipal House.

Day 2 of the conference dealt with valuation and taxation issues in countries in transition. Experiences from the United Kingdom, Czech Republic, Macedonia, Hungary, Poland, Russia, Slovakia, India and Latin America were raised with similarities and differencies brought to light by international experts.

In summation, speakers participating in the conference on Property Tax in Transition - Its Role in Fiscal Decentralization agreed that the global trend is fiscal decentralization, currently underway in 85 countries. It is essentially a political decision, not a technical problem with country-specific design and implementation being key. This conference brought to the forefront that experience sharing amongst countries can only be a benefit in determining what does or what does not work. It is important that we learn from one another.

The final topic of the day was IPTI's 2006 conference. IPTI is pleased to announce that the venue for our 9th International Conference will be in Kuala Lumpur, Malaysia during the week of August 21st, 2006. We hope to see you there!

Testimonials:

"A very interesting and rewarding experience!"

" It was my first IPTI conference and I was very pleased with it - it was a great new experience".

"Excellent program"

June 2005

Southern African Tax Institute (SATI) Workshop on the Valuation and Rating of Public Service Infrastructure – Non Residential Property

June 2 – 3, 2005
Pretoria, South Africa

Pretoria, South Africa was the venue for SATI’s 2 day workshop in June. IPTI members Jerry Grad, Paul Sanderson and Riel Franzsen along with well known speakers from the area addressed such topics as Local Government - Municipal Property Rates Act on PSI and CAMA; Valuation and Rating of Public Utilities: Experiences from the UK and Canada; Mass Appraisal Methodologies for Non-Residential Properties; Valuing Special Properties - UK and Canadian Experience; Treatment of Plant and Machinery in the UK and Canada and Legislation Framework : Objections and Appeals.

International Seminar On Legislation and Urban Management

June 1 - 2, 2005
Brasilia, Brazil

Andy Anstett representing IPTI at this seminar consisting of three panels, namely (1) The Social Processes in Urban Planning and Management, (2) Master Plans and Instruments of Urban Management and (3) Property Tax and other Fiscal Instruments: Limits and Possibilities. The aims of this seminar was to gather members of federal, state and municipal Parliaments, legislative advisers, authorities and technicians in order to learn and discuss the possibilities of applying the new Brazilian legal system for the urban issue, as well as to share relevant international experiences in this field of public policies.

April 2005

Land and Building Taxation in Latin America

April 26 - 30, 2005
Curitiba, Brazil

Andy Anstett presented a paper on Efficiency and Equity in Property Taxation: Legal, Judicial and Administrative frameworks. This workshop, featuring leading practitioners involved in policies and administration of property taxes, shared lessons and experiences and exchanged views on complex and controversial tax issues. Theoretical and practical aspects of the property tax were examined: determination of property values; the context of urban finance; principles of taxation; components and definition of the tax base; assessment performance; tax rates and exemptions; information systems (cadastre, maps and GIS); collection and appeal; analysis of current systems; and responsibilities of policy makers and administrators.

March 2005

World Bank, Municipal Finance Training Course
Washington, DC
March 8, 2005

Andy Anstett made a presentation on Design and Implementation Issues in a session 3 dealing with Municipal Revenues - Local Property Taxes, as part of the World Banks Municipal Finance Training Course, Urban Learning Week.

Market Value and Mass Appraisal Applications for Real Property
Porto Alegre, Brazil
November 9-12, 2004

OBJECTIVE:
To introduce participants to the concepts of valuation and assessment of real property for property tax purposes and the practical application of these concepts to determine market value. The educational experience will range from residential and various non-residential properties with emphasis on the mass appraisal level.

The participant will, upon completion of this seminar, be able to understand the economic underpinnings of the decision making process of buyers and sellers in the real property market and will be able to apply this knowledge into the assessment process.

In addition, the participant will be aware of the administrative steps in the valuation process from data collection through data management, approaches to valuation, mass appraisal techniques and value validation to administrative requirements.

COURSE OUTLINE:

DAY 1 - Valuation Fundamentals

J. Grad

Concepts and definitions of market value
Market value and sale price
Value in use, value in exchange, investment value
Limited market and special purpose properties
Establishing market value
Highest and best use analysis
Valuation approaches: Application of the three approaches to value
Single property versus mass appraisal
Mass appraisal concepts - Residential and Non Residential Properties

DAY 2 - Data and Data Management

R. Ward

Selection and collection of appropriate data
Types of data: administrative, physical, and economic data
Sources of data
Data integrity and verification
Sales verification
Data management
Exploratory data analysis

DAY 3 - Mass Appraisal

R. Ward

Model or formula specification and calibration
Model verification
Model application to population
Improving valuation results: location analysis using GIS

DAY 4 - Non-Residential Properties

J. Grad

Income-based valuation
Special purpose property valuation
Assessment Performance and Administrative Issues
Ward & Grad
Sales ratio studies: Equity and standards
Course summary

February 2005

8^th International Conference of the Institute of Revenues Rating and Valuation

February 22-25, 2005
Alicante, Spain

IPTI is pleased to participate in the program of the 2005 International Conference of the Institute of Revenues Rating and Valuation. We are represented formally on the program by Mr. Andy Anstett, but in addition, three other members of the IPTI Advisory Board will be speaking on the program.

The program for Thursday, February 24, includes:

IPTI Representative, Mr. Andy Anstett, speaking on the subject of “Developing Property Tax Legislation”.
IPTI Advisory Board Member Dr. W.J. McCluskey of the University of Ulster, participating in a Situation Report on Property Tax Reform in Northern Ireland.

Friday, February 25^th’s program includes:

IPTI Advisory Board Member, Professor Riel Franzsen, of the University of South Africa, addressing the issue of “Developing Fiscal Capacity in Africa” and
IPTI Advisory Board Member Mr. Paul Sanderson, Director of Modernisation, Valuation Office Agency of the United Kingdom debating “Automated Valuation in a Traditional Property Tax Environment”.

Home > Calendar > Calendar History >> 2005
December 2005 IRRV National Rating Conference 2005 December 8, 2005 Jerry Grad will be giving a presentation on behalf of IPTI on Mass Appraisal Made Easy - Taking the Mystery out of the Subject at the Institute of Revenues Rating & Valuation conference, at the Kensington Town Hall, London, United Kingdom. November 2005 2005 International Seminar on Chinese Real Estate Tax November 24 - 25, 2005 In partnership with the Ministry of Finance and the State Administration on Taxation, UNDP/China is now implementing a four-year programme of Capacity Building to Support the Pro-poor Fiscal Reform in China. Like other developing countries, the real estate market in China has been developed quickly. However, the current property tax system in China is highly fragmented, comprising house property tax, urban real estate tax, and city and township land use tax. How to set up evaluation criteria, assign responsibility and make the property tax a viable revenue resource is essential to the local governments. The international seminar on property tax will attempt to address these issues and will take place in Wuhan City, Hubei Province. The seminar aims to examine the property taxation policies and practices in foreign countries, and to compare the land systems and the property markets between foreign countries and China. The output of the seminar would be a draft set of policy suggestions on the introduction of property tax in China. IPTI's Andy Anstett and Robert Brown have been invited to attend and make presentations on property tax reform. October 2005 Korea Appraisal Board’s International Conference on The Present and Future of the Real Estate Tax Assessment System Seoul, Korea October 2005 Paul Sanderson (IPTI Advisory Board Member) was recently invited to speak at an international conference in Seoul organised by the Korea Appraisal Board (KAB) on “The Present and Future of the Real Estate Tax Assessment System”. At the conference Paul outlined details of the property tax system in the UK and discussed some policy issues of more general application including who should pay the tax, what should form the basis of the tax, how should taxable property be assessed, how often should those assessments be revalued, along with a number of practical valuation issues. South Korea is moving to a market value based real estate tax system and the conference was a timely review of the problems being experienced with the present property tax system and the issues associated with the new system. Paul took the opportunity of offering IPTI assistance to the KAB and it is hoped that the contacts established through this conference will enable closer working in future. August 2005 Shanghai Property Tax Officials visit Canadian and U.S. Jurisdictions IPTI was pleased to assist in organizing and hosting a series of August meetings between a delegation of property tax officials from Shanghai, Peoples Republic of China, and their counterparts in the cities of Toronto, Ontario; New York, NY and Orlando, Florida. In Toronto, the Shanghai officials spent a busy day, with presentations by Bob Brown on behalf of IPTI, Larry Hummel on behalf of the Municipal Property Assessment Corporation, and by George Schneider on behalf of General Motors whom Shanghai officials initially contacted for assistance in planning their North American study tour. The day included a tour of the GM facility in Oshawa, Ontario and concluded with an IPTI hosted dinner in honor of the delegation. Similar one day meetings were arranged by IPTI with the Property Division of the City of New York’s Finance Department, through the offices of Asst. Commissioner Dara Ottley-Brown and with the Orange County, Orlando Florida Property Appraiser, Bill Donegan. Discussions covered all aspects of the assessment office; including organizational structure, staff training, valuation modeling for different property types and the use of computer-generated mapping systems to compliment the valuation process. All parties to the tour considered it a great success and Shanghai officials have extended an invitation to IPTI for a reciprocal visit to their offices. International Property Tax Institute's 8th International Conference With the co-Operation of the Czech Republic Ministry of Finance Property Tax in Transition Its' Role in Fiscal Decentralization Prague, Czech Republic August 23rd & 24th, 2005 Conference Brochure Press Release from Prague August 23, 2005 Prague, Czech Republic Prague, Czech Republic was the backdrop for IPTI’s 8th International Conference. Ms. Dana Trezziova, Deputy Minister of Finance, Czech Republic, along with Jerry Grad and Tom Johnstone from IPTI, welcomed representatives from over 20 countries to the conference on Property Tax in Transition – Its Role in Decentralization. Countries represented were: Australia Brazil Brunei Bulgaria Canada China Czech Republic England Estonia Hungary Ireland Lithuania Macau Pakistan Poland Russia South Africa Spain The Netherlands Trinidad & Tobago USA Zambia International Speakers on Day One dealt with issues of Fiscal Decentralization, including global trends, implementation and policy options for taxing real property. The state of property tax in Latin America, South Africa and Paraguay were covered, as was the importance of data and information and the role of taxpayers. Participants who attended the gala dinner were treated to a traditional Czech meal and entertainment at the historic Municipal House. Day 2 of the conference dealt with valuation and taxation issues in countries in transition. Experiences from the United Kingdom, Czech Republic, Macedonia, Hungary, Poland, Russia, Slovakia, India and Latin America were raised with similarities and differencies brought to light by international experts. In summation, speakers participating in the conference on Property Tax in Transition - Its Role in Fiscal Decentralization agreed that the global trend is fiscal decentralization, currently underway in 85 countries. It is essentially a political decision, not a technical problem with country-specific design and implementation being key. This conference brought to the forefront that experience sharing amongst countries can only be a benefit in determining what does or what does not work. It is important that we learn from one another. The final topic of the day was IPTI's 2006 conference. IPTI is pleased to announce that the venue for our 9th International Conference will be in Kuala Lumpur, Malaysia during the week of August 21st, 2006. We hope to see you there! Testimonials: "A very interesting and rewarding experience!" " It was my first IPTI conference and I was very pleased with it - it was a great new experience". "Excellent program" June 2005 Southern African Tax Institute (SATI) Workshop on the Valuation and Rating of Public Service Infrastructure – Non Residential Property June 2 – 3, 2005 Pretoria, South Africa Pretoria, South Africa was the venue for SATI’s 2 day workshop in June. IPTI members Jerry Grad, Paul Sanderson and Riel Franzsen along with well known speakers from the area addressed such topics as Local Government - Municipal Property Rates Act on PSI and CAMA; Valuation and Rating of Public Utilities: Experiences from the UK and Canada; Mass Appraisal Methodologies for Non-Residential Properties; Valuing Special Properties - UK and Canadian Experience; Treatment of Plant and Machinery in the UK and Canada and Legislation Framework : Objections and Appeals. International Seminar On Legislation and Urban Management June 1 - 2, 2005 Brasilia, Brazil Andy Anstett representing IPTI at this seminar consisting of three panels, namely (1) The Social Processes in Urban Planning and Management, (2) Master Plans and Instruments of Urban Management and (3) Property Tax and other Fiscal Instruments: Limits and Possibilities. The aims of this seminar was to gather members of federal, state and municipal Parliaments, legislative advisers, authorities and technicians in order to learn and discuss the possibilities of applying the new Brazilian legal system for the urban issue, as well as to share relevant international experiences in this field of public policies. April 2005 Land and Building Taxation in Latin America April 26 - 30, 2005 Curitiba, Brazil Andy Anstett presented a paper on Efficiency and Equity in Property Taxation: Legal, Judicial and Administrative frameworks. This workshop, featuring leading practitioners involved in policies and administration of property taxes, shared lessons and experiences and exchanged views on complex and controversial tax issues. Theoretical and practical aspects of the property tax were examined: determination of property values; the context of urban finance; principles of taxation; components and definition of the tax base; assessment performance; tax rates and exemptions; information systems (cadastre, maps and GIS); collection and appeal; analysis of current systems; and responsibilities of policy makers and administrators. March 2005 World Bank, Municipal Finance Training Course Washington, DC March 8, 2005 Andy Anstett made a presentation on Design and Implementation Issues in a session 3 dealing with Municipal Revenues - Local Property Taxes, as part of the World Banks Municipal Finance Training Course, Urban Learning Week. Market Value and Mass Appraisal Applications for Real Property Porto Alegre, Brazil November 9-12, 2004 OBJECTIVE: To introduce participants to the concepts of valuation and assessment of real property for property tax purposes and the practical application of these concepts to determine market value. The educational experience will range from residential and various non-residential properties with emphasis on the mass appraisal level. The participant will, upon completion of this seminar, be able to understand the economic underpinnings of the decision making process of buyers and sellers in the real property market and will be able to apply this knowledge into the assessment process. In addition, the participant will be aware of the administrative steps in the valuation process from data collection through data management, approaches to valuation, mass appraisal techniques and value validation to administrative requirements. COURSE OUTLINE: DAY 1 - Valuation Fundamentals J. Grad Concepts and definitions of market value Market value and sale price Value in use, value in exchange, investment value Limited market and special purpose properties Establishing market value Highest and best use analysis Valuation approaches: Application of the three approaches to value Single property versus mass appraisal Mass appraisal concepts - Residential and Non Residential Properties DAY 2 - Data and Data Management R. Ward Selection and collection of appropriate data Types of data: administrative, physical, and economic data Sources of data Data integrity and verification Sales verification Data management Exploratory data analysis DAY 3 - Mass Appraisal R. Ward Model or formula specification and calibration Model verification Model application to population Improving valuation results: location analysis using GIS DAY 4 - Non-Residential Properties J. Grad Income-based valuation Special purpose property valuation Assessment Performance and Administrative Issues Ward & Grad Sales ratio studies: Equity and standards Course summary February 2005 8^th International Conference of the Institute of Revenues Rating and Valuation February 22-25, 2005 Alicante, Spain IPTI is pleased to participate in the program of the 2005 International Conference of the Institute of Revenues Rating and Valuation. We are represented formally on the program by Mr. Andy Anstett, but in addition, three other members of the IPTI Advisory Board will be speaking on the program. The program for Thursday, February 24, includes: IPTI Representative, Mr. Andy Anstett, speaking on the subject of “Developing Property Tax Legislation”. IPTI Advisory Board Member Dr. W.J. McCluskey of the University of Ulster, participating in a Situation Report on Property Tax Reform in Northern Ireland. Friday, February 25^th’s program includes: IPTI Advisory Board Member, Professor Riel Franzsen, of the University of South Africa, addressing the issue of “Developing Fiscal Capacity in Africa” and IPTI Advisory Board Member Mr. Paul Sanderson, Director of Modernisation, Valuation Office Agency of the United Kingdom debating “Automated Valuation in a Traditional Property Tax Environment”.		2008 \| 2007 \| 2006 \| 2005 \| 2004 \| 2003 \| 2002 \| 2001 \| 2000 \| 1999 \| 1998 This years annual conference is being held in exotic Beijing, China
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