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Description

The March 2025 issue of F+E looks at the Montana legislature's review of the agricultural classifications of million-dollar houses.

In addition, the March issue also includes articles on:

  • Jon Dorenbros announced as IAAO Annual Conference keynote speaker.
  • Review of cycles in the real estate market
  • Pros, cons and alternatives to assessment valuation caps
  • IAAO accepting applications for affinity groups
  • Nominate a Fellows candidate
  • What's trending in the library
  • 2025 Prep & Trial Seminar registration open
  • IAAO joins industry groups to host Global Property Congress in Australia
  • IAAO Scholarship information
  • New IAAO designees
  • Industry news

Table of Contents

President's Column - Donna VanderVries, CAE, AAS, PPS - p. 2

  • Committees and task forces do important work, and we benefit from our members’ talents and experiences.

What's Trending in the IAAO Library - Elizabeth Ferguson, PhD - p. 4

  • Last month, a few topics showed up again and again in catalog searches, article downloads, and reference questions.

How Montana's Agricultural Property Tax Code Benefits Luxury Real Estate - Nick Bowlin & Eric Dietrich - p. 6

  • Key takeaways from an investigation showing how expensive properties use a system meant to help farmers and ranchers.

Association News - IAAO Staff - p. 10

Meet NFL Pro Bowler Jon Dorenbos - Jon Dorenbos - p. 12

  • “The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.” — Martin Luther King Jr.

The Pros, Cons, Misnomers, and Possible Alternatives to Assessment Valuation Caps - Justin Eimers, AAS - p. 14

  • Valuation caps can sound good on the surface, but they create unequal treatment of property owners that typically favors high-income earners at the expense of low-income property owners and create a false sense of equity.

Association News - IAAO Staff - p. 17

Spinning the Real Estate Market Cycle - Ronnie Lee Phillips - p. 24

  • Let’s explore the six distinct phases that make up the real estate market cycle.

Roles

Editorial Review Board: Shannon Hiss, RES, RMA; Lisa Hobart, CAE, PPS, FIAAO; Kerry Leichtman; Josh Myers; Heather Poore, AAS, RES; Jeff Spelman, CAE; Joan Youngman, Esq.

Contributing Authors: Donna VanderVries, CAE, AAS, PPS; Elizabeth Ferguson, PhD; Nick Bowlin; Eric Dietrich; Jon Dorenbos; Justin Eimers, AAS; Ronnie Lee Phillips

Publications Manager: Keith Robison

Senior Director, Communications & Technology: Mike Ardis, APR

Publication Date

3-2025

Keywords

Property tax, Taxation - Law and legislation - United States, Real estate

Fair + Equitable March 2025

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