31.5% increase here in Marshalltown. Anything to increase that tax revenue!
Property Taxes - Polk County
- Thread starter AgronAlum
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Im sure they’ll drop them in equal measure when values go down (jimlad implied)
Just popping in to say that property taxation is theft.
Carry on.
Carry on.
If Iowa's are like Minnesota's they will because of the lookback period. Ours went down marginally this year. Assessed value is still $50k below the appraisal we just had done.
Polk county houses are still selling above these new jump appraisals. You absolutely should win the Feb 2023 challenge equipped with purchase record and appraisal
There is not a cap on how much your assessed value goes up, but as I understand it there is a cap on how much the taxable value of all properties in a class can rise in aggregate.
Your assessed value gets multiplied by the statewide rollback to calculate your taxable value. The rollback will probably be "falling" making the percentage of your assessed value that you get taxed on smaller. (Though, to be clear, your taxable value will still probably rise.)
Not really. Accepted an offer on my place a month ago for 9% above the new assessment, which increased 23% compared to 2022.
I have CMAs done for all three, none are worth what the county claims. I “shouldn‘t” have any issues contesting them successfully but it’s annoying to have to do so arbitrarily to prevent this obvious cash grab.
My house in Polk County is up about 23%, but they are still lower than I could get for it, lol, so I can't complain...
I guess this depends what the local officials do with tax rates. Those numbers are just estimates based on current rates I believe. After all this gives them an excuse to go 'we cut your taxes' while still bringing in more revenue.
just make sure you do your due diligence, there’s always a chance they may look a little closer and determine they were low and raise it even higher. I’ve seen it happen.
We got ours today here in Story County today. Ours is up $40k. One neighbor’s is up $70k and another’s $100k.
They are making up for where the state funding has dried up. Should they just shut schools down in Marshalltown? You surely understand how this works right? I mean all those tax cuts at the state level have shifted the tax burden to local communities. Most of us saw this coming.
Property and income is the fairest way to tax people. Your property taxes are going up because people like you don't think high earners should pay at a higher rate than you. You can't have it both ways.
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