Bailing out the Dysfunctional US Property Tax System Audiobook By Sid Som cover art

Bailing out the Dysfunctional US Property Tax System

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Bailing out the Dysfunctional US Property Tax System

By: Sid Som
Narrated by: Virtual Voice
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 In the face of a daunting decline in commercial tax revenue, urban assessment departments are at a critical crossroads. Author Sid presents a groundbreaking and timely book that offers a visionary roadmap for modernizing tax assessment practices in major metropolitan jurisdictions. Drawing on a wealth of experience and expertise, Sid outlines a comprehensive set of advanced strategies designed to address the challenges posed by the increasing number of vacant office spaces and the shift toward remote work post-pandemic.
This book proposes an ambitious vision for the future of tax assessment. It suggests transitioning to a 3-year cyclical reassessment and adopting technological advancements such as AI-based data collection, decentralized assessment structures, and advanced Automated Valuation Models (AVMs). Sid also advocates for innovative workforce planning and strategic hiring practices. The goal is to establish a forward-thinking workforce plan prioritizing hiring STEM graduates and leveraging AI-based technologies. Finally, the book proposes a paradigm shift in leadership, advocating for the hiring of top-school MBAs from the private sector to head assessment agencies. These strategies aim to revitalize commercial tax revenue and ensure the financial stability of major metropolitan jurisdictions.
"Bailing out the Dysfunctional US Property Tax System" is a must-read for assessment professionals, policymakers, and urban planners seeking to navigate the evolving landscape of commercial real estate taxation. With a focus on sustainability and revenue stability, this book offers practical insights and forward-thinking solutions to ensure the financial health of urban jurisdictions in an uncertain economic climate. Real Estate Taxation Inspiring
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