As fall approaches and local governments in central Iowa begin to put budgets together for the coming year, they will have to decide what to do with the extraordinarily high property tax assessment increases that homeowners and businesses received in
Property tax assessments hit the mailboxes and the news this month and given such extraordinary (10 – 20 percent) increases, many people are fearful about what this will mean for their property tax bill. And rightfully so. Property taxes often
HF 773 Talking Points Property Tax Transparency Trigger What the bill does: Starting in budget year 2021, if a city or county wishes to increase property tax revenue by more than two percent above the prior year, some extra
Without some curbs, property taxes can become unaffordable.
Next September’s property tax bills will shock many central Iowa residents and businesses. A closer look at tax statements will show that even though the property tax rate may not have changed, the tax bill may be considerably higher. The
The rollback refers to the statewide percentage of residential or agricultural property assessed value that is taxable. Once the Iowa Department of Revenue determines the rollback for any given year, it is used by all local governments to determine their