The following information was prepared

by the public relations committee of the

Iowa State Association of Assessors.

Dates to Remember

 

  • January 1

Effective date of current assessment.

 

  • April 2 through April 25 inclusive

Property owner may request an informal review of their assessment by the assessor.

 

  • April 2 through April 30 inclusive

Protest of assessment period for filing with the local Board of Review.

 

  • May 1 through adjournment

Board of Review meets each year.

 

  • October 9 through October 31 inclusive

Protest period for filing with Board of Review on those properties affected by changes in value as a result of the Director of Revenue Equalization Orders (odd numbered years).

 

  • January 1 through December 31

Period for filing for Homestead Credit, Military Exemption and Business Property Tax Credit. One time filing is provided, by statute, unless the property owner is

 

  1. filing for Homestead Credit, Military Exemption or Business Property Tax Credit for the first time;
  2. has purchased a new or used home and is occupying the property as a homestead as of July 1st;
  3. owner was using as a homestead but did not previously file and
  4. some change occurs that affects the requirements of the Business Property Tax Credit, then reapplication is required.

 

If the home qualifies and the property owner files on or before July 1, the credit or exemption will go into effect for the current assessment year. If the property owner files after July 1, the credit or exemption will go into effect the year following the sign up. For the Business Property Tax Credit, applications are due July 1st of each year for the current year assessment.

 

Filing is required on the following, if provisions have been made for exemptions as required:

 

  • Family Farm
  • Barn & One-Room School
  • Religious, Literary, & Charitable
  • Forest Reservations
  • Fruit Tree Reservations
  • Geothermal Heating & Cooling System
  • Historic Property
  • Impoundment Structure
  • Indian Housing Authority
  • Industrial Property Tax
  • Low Rent Housing
  • Methane Gas Conversion Property
  • Mobile Home Park Shelter
  • Natural Conservation or Wildlife areas
  • Native Prairies
  • Pollution Control
  • Recycling
  • Speculative Shell Building
  • Urban Revitalization
  • Wetlands
  • Wildlife Habitat
  • Disabled Vet Homestead

 

 

 

Things to Remember

 

  • Assessed value and taxable value are not synonymous terms.
  • Property is assessed as of January 1st.
  • Property is reassessed every two years.
  • Taxes are levied on a value determined by the auditor by applying a “roll back” percentage to the assessed value and deducting any applicable exemptions or credits. The “roll back” percentages vary each year.

 

On values determined as of January 1st, one does not start to pay taxes until eighteen months later. The “roll back” is the percentage of actual value that is determined by the Director of Revenue each year on the several classes of property where the total value increase STATEWIDE, exceeds three percent for each class of property. The percentage so determined by the Director of Revenue is certified to and applied by the local county auditor to all property in each class affected throughout the State. Percentages determined by the Director of Revenue are the same for all the assessing jurisdictions within the entire state and can change each year.

 

Increases in assessed value of individual parcels of property as determined by the assessor, may exceed three percent within a jurisdiction. Agricultural property, except agricultural dwellings, are assessed on the basis of productivity and net earning capacity using a five–year crop average and capitalized at the rate set by the Legislature.

 

Tentative and final equalization orders are issued by the Director of Revenue in odd numbered years on or about August 15th, and October 1st respectively. The orders are sent to the various county auditors who apply them to the classes of property affected, if any.

 

If you desire further information, questions concerning PROPERTY VALUES or other information relating thereto should be addressed to the assessor’s office in the respective jurisdiction and not the Board of Supervisors or Treasurer.

 

Questions relating to taxes should be addressed to the County Treasurer.

 

If you need further information, please contact the Assessor’s Office.

 

 

 

© 2017 Harrison County, Iowa