What is the role of the International Association of Assessing Officers (IAAO)?

The International Association of Assessing Officers (IAAO) plays a crucial role in advancing the field of property assessment by providing education, research, and setting professional standards for assessing officers and property appraisal professionals. This includes developing training programs, providing resources for best practices, and conducting research to support the effective valuation of properties for tax purposes.

This multifaceted approach ensures that professionals in the field are well-equipped with the knowledge and skills necessary to perform their roles efficiently and ethically, thus fostering a more uniform and fair assessment process across different jurisdictions. The IAAO’s commitment to education and standards helps enhance the overall quality of property assessment, which is vital for the integrity of the property tax system.

The other options refer to functions that are generally outside the scope of IAAO's mission. While property tax appeals and local rates are indeed important aspects of property taxation, the IAAO does not manage appeals or set tax rates; these tasks are typically handled by local governmental entities. Similarly, the regulation of market values is not a function of the IAAO, as market values are influenced by economic factors and not directly regulated by this association.