DETERMINING MARKET VALUE

April 2017 WATCHDOG State law requires that all real property be reassessed every two years. Under the law the assessed value is to be based on the reasonable market value of the property.  “Market value” is defined as the fair and reasonable exchange between a willing buyer and a willing seller, neither being under any…

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DICKINSON COUNTY FY18 BUDGET

April 2017 WATCHDOG   (Updated 2019) The Dickinson County budget is managed by a five member Board of Supervisors. The elected board members are Mardi Allen, Tim Fairchild, Bill Leopold, Paul Johnson, and Pam Jordan. Tim Fairchild was elected in November to represent the Milford area (District 3) to replace long time board member David Gottsche…

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THE ROLE OF THE COUNTY ASSESSOR

April 2017 WATCHDOG The role of the Dickinson County Assessor is to assess the market value of all taxable property in Dickinson County for the purpose of determining its value for paying property tax. There are 28,000 parcels in Dickinson County. Church groups and government agencies that own property do not pay Iowa property tax.…

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How Property Taxes are Calculated

APRIL 2017 WATCHDOG (updated) The assessor determines the assessed value of each piece of property in the County. Market value of a property is an estimate of the price that it would sell for on the open market on January First of the year of assessment. This is sometimes referred to as the “arms-length transaction”…

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