Minneapolis and St Paul BOMA to Present “Property Taxes in a Rapidly Changing Marketplace” – Real Estate Matters
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Minneapolis and St Paul BOMA to Present “Property Taxes in a Rapidly Changing Marketplace”

Dr. Tom Hamilton from UST to speak as part of expert panel.
At the beginning of the century, with more traditional financing, property valuation was an easier task. There seemed to be a correlation between an asset’s value and its price. In the mid 2000s, unsustainable levels of financing caused real estate prices to climb at increasing rates. People generally thought that as transaction prices rose, “values” too should necessarily follow. The bursting of the real estate bubble now suggests that the rapid price increases in the early to mid part of this decade resulted from easy financing rather than actual demand. Given these wild fluctuations, what is the value of real estate today, and what sorts of things should you be thinking about if you own or manage commercial real estate?For insight and answers, we bring together various experts in the field of market and investment analysis, property valuation and property tax administration and appeals. Our speakers will be:

  • Dr. Tom Hamilton, Real Estate Professor at the University of St. Thomas
  • Jim Atchison, Hennepin County Assessor’s Office
  • Stephen Baker, Ramsey County Assessor’s Office
  • Eric Willette, Director of Property Tax Research, Minnesota Department of Revenue
  • Mary Bujold, President and Director of Research, Maxfield Research
  • Doug Shiell, Partner, Smith Gendler Shiell Sheff Ford & Maher

This seminar will discuss the nuts and bolts of a basic property tax appeal, identify the issues necessary to re-establish what determines real estate value and how parties interested in establishing market values for ad valorem tax purposes can agree on finding that value.

WHEN: Wednesday, February 24, 7:30 am. sign-in and networking, 8:00 – noon breakfast and seminar
WHERE: The Metropolitan – 5418 Wayzata Boulevard in Golden Valley

4 CEUs pending approval

COST: Register by noon on Friday, February 19 for the “early bird rates” of $85 for BOMA members (or employees of BOMA member companies) or $150 for nonmembers. After February 19, $115 for BOMA members or $175 for nonmembers. Cancellations must be received by noon on February 19. Substitutions honored.

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