2014 Winter Newsletter

AN IAAO/IPTI JOINT CONFERENCE REPORT

Challenges in the Valuation of Unique and Leisure Properties

IAAO recently held a conference in Ft. Lauderdale with two days of in- teresting material including presentations on hotel valuation, time- shares, golf courses, casinos and much more. The conference was hosted jointly by the IAAO and IPTI, the International Property Tax In-

Dorothy Jacks, AAS, CFE

stitute. IPTI is a independent organization that provides professional advice in all aspects of property tax. With many members in Europe and Canada, IPTI partnered with IAAO to pre- sent this conference to a broad range of attendees from across the globe.

In attendance at the two day meeting were many Florida Chap- ter members, including Nick Nik- kinen, current FCIAAO President, and past-President Sheila Crapo. Also there were the Honorable Ed Crapo, Alachua County, Hon. Greg Brown, Santa Rosa County, Hon. Katrina Scarborough, Osce- ola County, Hon. Ken Wilkinson, Lee County and Hon. Rick Singh, Orange County. The conference was welcomed to Broward County by the Hon. Lori Parrish. Former FCIAAO Treasurer and board member Tim Wilmath gave

a great presentation called "Zen and the Art of Hotel Valuation". His presentation highlighted the tricky hotel industry where being "OK" is really not enough for a hotel to be profitable. Also presenting was Dena Wescott, CFE from the Orange County Property Appraiser's office. Her presentation in collaboration with Joy Garas from Walt Disney World covered the valua- tion of Amusement Parks. The Hon. Greg Brown and the Hon. Ken Wilkinson also collabo- rated on a presentation entitled "Natural Disasters - Valuation Challenges". The robust agenda and some excellent networking opportunities including a tour of the larg- est cruise ship port in the world (Port Everglades) made the conference a real success. Oppor- tunities to speak with attendees from as far away as South Africa brings a new perspective to the valuation field. IAAO plans to continue offering these opportunities that bring value to IAAO members and partners.

Article Contributor: Dorothy Jacks, AAS, CFE, Palm Beach County Past FCIAAO President Past IAAO Board Member Co-chair IAAO International Special Committee

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Winter 2014 Newsletter of the FCIAAO