World’s leading organization on property tax policy and practice


Property Tax Conference

December 6-7, 2023

This year's Property Tax Conference is centered around the global landscape of property tax policy. We will delve into the successes and challenges experienced across different regions. Participants will also get the opportunity to share valuable experiences and insights related to various facets of property tax policy with industry experts worldwide.

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Determination of External / Economic Obsolescence

December 13, 2023

Understanding depreciation and obsolescence is key in property evaluation. Join experts Graham Adams & Jeff Grad as they delve deep into the complexities of external/economic obsolescence and its impact on property assessments.
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Determination of Functional Obsolescence

January 10, 2024

Functional obsolescence results when flaws or deficiencies form in the structure, materials or design of the improvements over time. This webinar will focus on types of functional obsolescence, key factors causing functional obsolescence and discuss processes to help assessors quantify functional obsolescence. The panelist will also look at the feasibility of determining functional obsolescence in a mass appraisal environment.
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As this will be my last monthly newsletter before the forthcoming festive break, may I take this opportunity to wish you all a relaxing and enjoyable time with family and friends over the holiday period.

I read an interesting paper published recently by the Institute on Taxation and Economic Policy titled “America Used to Have a Wealth Tax: The Forgotten History of the General Property Tax”. Below are selected extracts from the paper.

The authors state: When Americans hear “property tax,” they tend to think taxes on houses and other real estate. And for good reason. While property taxes are often levied on motor vehicles, and occasionally on business net worth, the vast majority of property taxes in the U.S. today apply only to real estate. It was not always so. The historic “general property tax” applied to almost all property, including intangibles like stock, bonds, cash on hand, accounts receivable, and interest in a partnership. Once a mainstay of American public finance, the general property tax helped finance the nation’s early industrial growth.

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