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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Property Tax – Rollback

November 2016 WATCHDOG   (Updated 2019) More than 20 years ago, Iowa residential property values were rising quickly. To help cushion the impact of high inflation, the Legislature passed an assessment limitation law called “rollback”. The property tax rollback impact for agricultural and residential property can be substantial because they cut the property tax nearly in…

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Computing Your Property Tax

March 2016 WATCHDOG  (Updated 2019) If your residential property (land & dwelling) had a value of $100,000 here is how property tax would be computed. To adjust for your property value change the appropriate Assessed Property Value.   Assessed Property Value                             …

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