The International Association of Assessing Officers (IAAO) and the Royal Institution of Chartered Surveyors (RICS) agreed to work together to simplify and reduce fragmentation in the property tax and assessment industry, the IAAO announced in a release.
The partnership solidifies the two organizations’ commitment to provide clarity in valuation for the public good and seeks to enhance resources for valuation professionals across all sectors.
“IAAO and RICS are dedicated to creating a property tax and assessment landscape that increases transparency and enhances the public trust,” said IAAO President Tim Boncoskey, chief deputy assessor of Maricopa County, Ariz., in the release. “The global scope of this collaborative effort will help to ensure a profession that works for everyone. A more transparent and consistent property assessment industry is crucial to socially and fiscally sustainable practices.”
The announcement was made Sept. 10 at the 2019 annual IAAO Conference, along with an announcement that the IAAO and the Korea Association of Property Appraisers (KAPA) had renewed a 10-year collaboration agreement, and reviewed the recently announced partnership between the IAAO and the Australian Property Institute.
The IAAO and RICS agreement exemplifies the approach being employed by both IAAO and RICS to empower professionals across the globe to create fairer, more beneficial outcomes for businesses, public institutions and individuals, the release said.
“RICS and IAAO are united in our belief that collaboration will benefit the property sector, the wider valuation industry and the public as a whole,” said Neil Shah, managing director of RICS in the Americas. “We’re committed to working together to ensure valuation professionals have the support and training they need to embrace future trends like big data and artificial intelligence while following international standards and building public trust.”