How property values, appeals and equalization affect Iowa tax bills
LSA fiscal analyst Michael Peters explained how market valuations are set by assessors, how homeowners can appeal to boards of review or the Property Assessment Appeals Board, and how the Department of Revenue equalizes assessments across jurisdictions using ratio studies.
The full story
Michael Peters, fiscal analyst with the Legislative Services Agency, described who sets property values and how taxpayers can challenge them. "Assessments are estimates of market value, so property owners are given an opportunity to challenge them," he said, and detailed that local boards of review (3–5 members) hear protests and that appeals may proceed to the Property Assessment Appeals Board or district court.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in