Iowa’s Property Tax System
… what you need to know.
As a result of feedback following recent TACI Town Halls regarding school and municipal financing, and SF634 (an effort to “limit” property tax increases), the Association was encouraged to create a program that focuses, step by step, on the complete property tax.
“PT101” is under construction! Join community experts who provide the educational content…
- The property tax cycle
- Assessment of property value
- Mass vs single property appraisals
- Cost, sales, income & market trend methods
- The “Rollback”
- Limits statewide growth in taxable value to
- 3% per year for residential property
- 3% per year for agricultural property
- Residential & agricultural are “tied”
- If one is < 3%, the other is as well
- Commercial & industrial, both 90%
- Assessed Value x Rollback % = Taxable Value
- Limits statewide growth in taxable value to
Session #2
Under development – check back