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Description

The November 2025 issue of F+E offers insight into the new Vertical Equity Indicator, included in the recently exposed draft Standard on Ratio Studies. In addition, the Research and Standards Committee review how IAAO technical standards are developed. Also in this issue:

  • What's trending in the IAAO library
  • Can states convert church land into affordable housing?
  • Voting starts on Nov. 1 for 2026 Board of Directors
  • IAAO makes recommendations to the Delaware legislature
  • How the Great Real Estate Transfer will reshape our cities
  • Thought leader article on demystifying AI-powered AVMs
  • New designees and career opportunities.

Table of Contents

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

  • "Volunteers play important roles for IAAO. Whether writing for an IAAO publication, working on a committee or task force, or serving on the Board of Directors, we appreciate your time and your commitment to the industry."’

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

  • Recent popular article subjects are tiny homes, cap rates, and data centers.

Introducing the Vertical Equity Indicator - IAAO Research and Standards Committee - p. 6

  • The VEI is included in the recently exposed draft on Standard on Ratio Studies.

Defining the Standard: How IAAO Members Shape the Benchmark for Assessment Practice - Bill McGougan & IAAO Research and Standards Committee - p. 10

  • "These are not best-practice suggestions. They reflect the collective
    judgment of the assessing profession and are formally adopted by the IAAO
    Board of Directors."

Can States, and a Little Bit of Faith, Convert Church Land into Affordable Housing? - Robbie Sequeira - p. 14

  • Lawmakers see the potential for much-needed housing on church-owned land, but opponents worry communities could lose their authority over neighborhood development.

IAAO Makes Recommendations to the Delaware Legislature - Justin Eimers, AAS - p. 19

  • Increases in property values, and in many cases property taxes, over the past five years have prompted calls for changes in the property tax systems for states across the U.S.

How the Great Real Estate Transfer Will Reshape Our Cities - Erin Lonoff - p. 21

  • The Millennial generation of property owners are more likely to reject the notion that large-lot, single-family subdivisions are always the best.

Demystifying AI AVMs: Building Transparency in Property Valuation - Jayant Gokhale & Christina Wei - p. 24

  • Artificial Intelligence is reshaping the way property valuations are conducted, offering unprecedented speed, scale, and accuracy.

Association News - IAAO Staff - p. 26

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; IAAO Research and Standards Committee; Bill McGougan; Robbie Sequeira Justin Eimers, AAS; Erin Lonoff; Jayan Gokhale; Christina Wei

Publications Manager: Keith Robison

Senior Director, Communications & Technology: Mike Ardis, APR

Publication Date

11-2025

Fair + Equitable November 2025

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