2016 annual report -...

Randy Ripperger | Polk County Assessor111 Court Avenue #195Des Moines, IA 50309-0904(515) 286-3014 OFFICE | (515) 286-3386 [email protected]

OFFICE OF POLK COUNTY

ASSESSORwww.assess.co.polk.ia.us

2016 ANNUAL REPORT

OFFICE OFPOLK COUNTY

ASSESSOR

Message from the Assessor . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

Our Mission and Our Values . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Polk County Conference Board . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Staff of County Assessor’s Office, Members of Boardof Review and Board of Examiners . . . . . . . . . . . . . . . . . . . . . . . 6

Abstract of 2016 Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Assessment Roll by Property Classification . . . . . . . . . . . . . . . . . 8

Total Valuation by Class and Taxable Valuation by Class . . . . . . . . .9

History of Assessment Rolls . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Valuation And Parcel Count Breakdown By School Districts . . . . . 11

Summary of Valuation by Jurisdiction . . . . . . . . . . . . . . . . . . . . 12

Summary of Parcel Counts by Class and Jurisdiction . . . . . . . . . 13

Property Tax Timeline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Exempt Property as of July 1, 2016 . . . . . . . . . . . . . . . . . . . . . 15

Actions by 2016 Board of Review . . . . . . . . . . . . . . . . . . . . . . . 16

History of Assessment Protests . . . . . . . . . . . . . . . . . . . . . . . . . 17

History of Assessment Appeals . . . . . . . . . . . . . . . . . . . . . . . . . 18

Residential Property Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Residential Property Sales Statistics by City . . . . . . . . . . . . . . . 20

TABLE OF CONTENTSJURISDICTION PARCELS ACRESAlleman 213 1,418Allen Twp 251 2,918Altoona 5,978 4,362Ankeny 21,778 12,195Beaver Twp 576 12,927Bloomfield Twp 6 26Bondurant 2,113 4,709Camp Twp 1,153 19,369Carlisle 93 1,954Clay Twp 562 6,886

JURISDICTION PARCELS ACRESClive 3,815 2,034Crocker Twp 1,661 5,423Delaware 1,844 5,150Des Moines 74,673 30,886Douglas Twp 708 18,036Elkhart 307 935Elkhart Twp 674 20,878Fourmile Twp 1,059 5,536Franklin Twp 868 14,673Granger 109 82

JURISDICTION PARCELS ACRESGrimes 4,966 5,099Jefferson Twp 985 9,153Johnston 7,559 6,169Lincoln Twp 473 20,412Madison Twp 138 4,119Mitchellville 713 1,103Norwalk 1 6Pleasant Hill 3,495 4,861Polk City 1,881 1,842Runnells 221 210

JURISDICTION PARCELS ACRESSaylor Twp 3,060 6,194Sheldahl 92 149Union Twp 285 9,049Urbandale 12,313 6,447Washington Twp 487 19,062Webster Twp 366 534West Des Moines 15,194 10,233Windsor Heights 2,102 654TOTAL 172,772 275,155

POLK COUNTY TAXABLE PARCEL COUNT AND ACRE TOTALS

POLK COUNTY TAX DISTRICTS 2016 ANNUAL REPORT

2 2016 ANNUAL REPORT

MESSAGE FROM THE ASSESSOR

During the past year, we devoted

much of our energy preparing for the

2017 revaluation. With the Federal

Reserve keeping mortgage interest

rates at near record lows, the rising

costs of construction, and demand

outpacing supply, sales activity and

prices for both residential and

commercial properties continued to

escalate during the year.

OFFICE OF POLK COUNTY ASSESSOR 3

energy preparing for the 2017 revaluation. With

the Federal Reserve keeping mortgage interest

rates at near record lows, the rising costs of

construction, and demand outpacing supply, sales

activity and prices for both residential and

commercial properties continued to escalate

during the year.

This caused the assessment-to-market value

levels for the various classifications of property to

fall well below the standards required by law.

Because of that, our office will be adjusting

assessed values upward for the 2017 revaluation,

in the neighborhood of 10% overall, in order to

be in compliance with the law. It’s been almost

14 years since we have seen the market move that

much over a two-year period.

I receive many positive comments throughout the

year from the public complimenting members of

our staff for their knowledge and professionalism,

for their courteousness, their patience and their

willingness to go out of their way to explain complex

property tax issues. It’s very gratifying to work with

such a dedicated group of people.

I am honored to serve Polk County as your Assessor.

Please don’t hesitate to contact me if you have any

questions or concerns, or would like additional

information.

Sincerely

Randy Ripperger

Polk County Assessor

Our office has the responsibility of determining the actual value of

all real property in Polk County. In Iowa we have a biennial assessment

system in which we revalue all property every odd-numbered year.

In even-numbered years, the actual value typically stays the same.

Polk County Conference Board:

I am pleased to present this year’s Annual Report on

behalf of the talented women and men of the Polk

County Assessor’s Office. This report is a summary

of our activity in 2016 and I hope you find it useful.

Our office has the responsibility of determining the

actual value of all real property in Polk County. In

Iowa we have a biennial assessment system in which

we revalue all property every odd-numbered year.

In even-numbered years, the actual value typically

stays the same unless there is a change in the

property that would cause the value to change,

e.g., building a new house or razing a garage.

The property assessments established by our office

are used as the basis upon which property taxes are

levied. Property taxes are an essential source of

revenue for county and municipal governments.

These funds support basic public services used by

our residents every year including law enforcement,

firefighters, schools, roads, libraries, parks,

hospitals, community colleges and much more.

Our staff works hard to carry out our responsibilities

to serve the public.

For the 2016 assessment roll, the total assessed

value grew to $35.6 billion, which represented a

3.4% increase over 2015. The majority of this

growth was due to new construction. Residential

property accounts for 70% of this value, while

commercial property accounts for 24%. After

abatements, exemptions and the rollbacks have

been applied, residential property represents

62% of the tax base, commercial property 32%.

Also during the past year, we devoted much of our


• Appraise all property for tax purposes fairly andequitably by Iowa law.

• Provide the public with information and service in a complete and courteous manner.

• Encourage and assist employees in professional growth to help meet organizational objectives andincrease individual creativity and confidence in pursuit of personal goals.

• Operate the office in such a manner that methods and procedures are open to scrutiny and understood by the public.

• Use resources efficiently and effectively.

• Be a leader in the field of assessment administration in developing, analyzing and sharing data with publicand private interests.

OUR MISSION

• Providing the best possible service to our constituents

• Organizational transparency

• Integrity

• Honesty

• Accountability

• Commitment to excellence

• Maintaining the public trust

• Fairness

OUR VALUES


POLK COUNTY CONFERENCE BOARD 2016

MAYORS

Carmella Jones, Alleman

J.M. Skip Conkling, Altoona

Gary Lorenz, Ankeny

Curt Sullivan, Bondurant

Ruth Randleman, Carlisle

Scott Cirksena, Clive

Frank Cownie, Des Moines

Brandon Snyder, Elkhart

Cathy Fuson, Granger

Thomas Armstrong, Grimes

Paula Dierenfeld, Johnston

Jon Woods, Mitchellville

Tom Phillips, Norwalk

Sara Kurovski, Pleasant Hill

Jason Morse, Polk City

Gerald Lane, Runnells

Don Towers, Sheldahl

Bob Andeweg, Urbandale

Steven Gaer, West Des Moines

Diana Willits, Windsor Heights

BOARD OFEDUCATION

Todd Shafer, Ankeny

Chris Freese, Bondurant-Farrar

Jenny Foster, Carlisle

Scott Brown, Dallas C.-Grimes

Connie Boesen, Des Moines

Greg Dockum, Johnston

Brett Bruggeman, North Polk

Brian Bowman, Saydel

Lori Slings, S.E. Polk

Graham Giles, Urbandale

Dr. Vicky Poole, West Des Moines

Derek Petry, Woodward-Granger

BOARD OFSUPERVISORS

Robert Brownell

Angela Connolly

Tom Hockensmith

John Mauro

Steven Van Oort

BOARD OF REVIEW • 10 Member Board

• Conference Board Appointment (six years)

COUNTY ASSESSOR • Conference Board

Appointment

EXAMINING BOARD • Three Member Board

• Each Conference Board

Unit Appoints One


STAFF OF POLK COUNTY ASSESSOR’S OFFICEMEMBERS OF BOARD OF REVIEW AND BOARD OF EXAMINERS

Des Moines, Iowa — 2016

ADMINISTRATIONRandy Ripperger, CAE, ICA Rodney Hervey, ICA

County Assessor Chief Deputy

Tammy Berenguel, Administrative/Support DirectorRhonda Duncan, Supervisor Real Estate Department

Paul Humble, ICA, RES, AAS, Residential Deputy AssessorRuth Larsen, Database Administrator

Mark Patterson, CAE, CCIM, ICA, Commercial Deputy AssessorAmy Rasmussen, ICA, RES, AAS, Director of LitigationMichelle Richards, ICA, Residential Deputy Assessor

Bryon Tack, MAI, CAE, ICA, Director/Commercial Deputy AssessorJames Willett, ICA, RES, Director/Residential Deputy Assessor

APPRAISERSJohn Catron, Residential Appraiser II Regina Russell, Residential Appraiser II

Michael Caulfield, ICA, Commercial Appraiser III Victor Scaglione, Residential Appraiser IRich Colgrove, Residential Appraiser III Cathy Stevens, ICA, RES, Residential Appraiser III

Cary Halfpop, ICA, Commercial Appraiser III Keith Taylor, MPA, RES, ICA, Residential Appraiser IIIPatrick Harmeyer, ICA, Commercial Appraiser II Brett Tierney, Residential Appraiser IMichelle Henderson, ICA, Residential Appraiser II Joe Tursi, Appraiser I

Paul O’Connell, Residential Appraiser I Patrick Zaimes, ICA, Agricultural Appraiser Bob Powers, ICA, Commercial Appraiser II

OFFICE PERSONNELCaroyle Andrews, Commercial Support Specialist Kelsi Jurik, Mapping Specialist

Susie Bauer, Permits Coordinator Jill Mauro, Computer Support SpecialistErica Cleaver, Photographer Jennifer Sanford, Credits Administrator

Vincent DeAngelis, Tax Information Specialist Julie Van Deest, Exemptions CoordinatorKim Heffernan, Support Specialist

BOARD OF REVIEW BOARD OF EXAMINERSLora Jorgensen Everett Sather Art HedbergDonna Koester Charles Speas Ned MillerAmy Larson Leslie Turner Frank Smith

John Lundstrom Jane ViggersRuth O’Brien-German Max Wright


ABSTRACT OF 2016 POLK COUNTY ASSESSMENTSAs of July 1, 2016

REAL PROPERTY

Includes over 172,772 Parcels of Taxable Property 100% VALUE

TOWNSHIPS CITIES

Agricultural Lands $245,729,440 $58,322,480

Residential (includes residences on ag property) $2,024,208,770 $23,116,699,220

Commercial Properties $445,768,950 $8,079,186,290

Multiresidential Properties $13,704,040 $1,050,593,010

Industrial Properties $102,813,700 $505,435,210

TOTAL TAXABLE REAL ESTATE* $2,832,224,900 $32,810,236,210

$35,642,461,110

MONEY & CREDITS (100%)

Credit Unions (5 mills) $3,763,626 $36,181,728

* The value does not include utility property assessed by the Department of Revenue.

TOTAL VALUATION BY CLASS

As noted on pages 7–8, the 2016 total assessed valuation for Polk County is $35,642,461,110. The chart below shows the distribution of this valuation by class of property.

INDUSTRIAL$608,248,910

2%

RESIDENTIAL$25,140,907,990

70%

AGRICULTURAL$304,051,920

1%

TAXABLE VALUATION AFTER ROLLBACK BY CLASS

The rollback affects how the property tax burden is distributed among the various classes. As shown below, residentialproperties currently account for 62% of the tax base. Six years ago residential properties accounted for 53% of thetax base. The shifting of the tax burden to residential property owners should continue for many years into the future.


*Includes TIF Valuation

ASSESSMENT ROLL BY PROPERTY CLASSIFICATION

ASSESSMENT ROLL VALUE

Property Classification 2016 % of Total 2015 Difference % Change

Residential $25,140,907,990 70.5% $24,484,232,790 $656,675,200 2.68%

Commercial $8,524,955,240 23.9% $8,036,357,580 $488,597,660 6.08%

Multiresidential $1,064,297,050 3.0% $1,058,642,420 $5,654,630 0.53%

Industrial $608,248,910 1.7% $585,650,790 $22,598,120 3.86%

Agricultural $304,051,920 0.9% $305,015,270 -$963,350 -0.32%

TOTAL $35,642,461,110 100% $34,469,898,850 $1,172,562,260 3.40%

PARCEL COUNT

Property Classification 2016 % of Total 2015 Difference % Change

Residential 156,181 90.4% 154,607 1,574 1.02%

Commercial 9,011 5.2% 9,097 -86 -0.95%

Multiresidential 1,195 0.7% 1,192 3 0.25%

Industrial 633 0.4% 629 4 0.64%

Agricultural 5,752 3.3% 5,761 -9 -0.16%

TOTAL 172,772 100% 171,286 1,486 0.87%


COMMERCIAL$8,524,955,240

24%

MULTIRESIDENTIAL$1,064,297,050

3%

RESIDENTIAL$14,068,755,045

62%

COMMERCIAL$7,294,789,777

32%

MULTIRESIDENTIAL$801,273,044

3%

INDUSTRIAL$487,148,274

2%

AGRICULTURAL$142,685,756

1%

Even though 2016 was

a nonreappraisal

year, the total

valuation in the

county increased by$1.17 billion or 3.4%.

The majority of this

increase was due to

the value added by

new construction.

HISTORY OF ASSESSMENT ROLLS

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

VALUE IN BILLIONS

YEAR

$40

$35

$30

$25

$20

$15

$10

$5

$0


YEAR TOTAL ASSESSMENT VALUE DOLLAR CHANGE PERCENT CHANGE

2001 $19,569,217,090 $2,094,297,270 12.0%

2002 $20,259,776,100 $690,559,010 3.5%

2003 $22,739,660,720 $2,479,884,620 12.2%

2004 $23,533,864,755 $794,204,035 3.5%

2005 $26,240,913,680 $2,707,048,925 11.5%

2006 $27,327,216,270 $1,086,302,590 4.1%

2007 $29,869,657,490 $2,542,441,220 9.3%

2008 $30,734,701,690 $865,044,200 2.9%

2009 $31,526,446,890 $791,745,200 2.6%

2010 $31,989,575,380 $463,128,490 1.5%

2011 $31,076,876,750 –$912,698,630 –2.9%

2012 $31,341,353,980 $264,477,230 0.9%

2013 $31,511,405,530 $170,051,550 0.5%

2014 $32,180,193,660 $668,788,130 2.1%

2015 $34,469,898,850 $2,289,705,190 7.1%

2016 $35,642,461,110 $1,172,562,260 3.4%

VALUATION AND PARCEL COUNT BREAKDOWN BY SCHOOL DISTRICTS


PARCEL COUNT BY CLASS AND SCHOOL DISTRICTSCHOOL DISTRICT RESIDENTIAL AGRICULTURAL COMMERCIAL INDUSTRIAL MULTIRESIDENTIAL TOTALAnkeny 22,357 510 739 29 53 23,688

Ballard 4 26 – – – 30

Bondurant-Farrar 2,601 939 120 5 7 3,672

Carlisle 921 216 20 1 – 1,158

Collins-Maxwell 47 230 – – – 277

Dallas Center-Grimes 3,488 133 234 8 17 3,880

Des Moines 68,340 209 4,297 427 885 74,158

Johnston 12,329 278 560 15 26 13,208

Madrid 61 128 – – – 189

North Polk 2,738 1,066 131 2 6 3,943

Prairie City-Monroe – – 1 1 – 2

Saydel 3,463 217 674 55 23 4,432

Southeast Polk 12,255 1,519 498 20 51 14,343

Urbandale 7,490 34 355 16 23 7,918

West Des Moines 19,679 155 1,383 54 104 21,375

Woodward-Granger 403 92 4 – – 499

TOTAL 172,772

VALUATION BY SCHOOL DISTRICTSCHOOL DISTRICT 2015 2016 % CHANGE PERCENT OF CURRENT ROLL

Ankeny $5,032,124,430 $5,324,700,590 5.8% 14.9%

Ballard $3,530,380 $3,530,380 0.0% 0.0%

Bondurant-Farrar $669,940,570 $755,077,970 12.7% 2.1%

Carlisle $168,788,100 $171,809,740 1.8% 0.5%

Collins-Maxwell $30,412,840 $30,391,150 -0.1% 0.1%

Dallas Center-Grimes $952,102,540 $1,037,796,600 9.0% 2.9%

Des Moines $11,307,922,620 $11,492,230,420 1.6% 32.2%

Johnston $3,467,993,560 $3,583,892,590 3.3% 10.1%

Madrid $26,090,370 $26,898,890 3.1% 0.1%

North Polk $612,310,060 $638,763,040 4.3% 1.8%

Prairie City-Monroe $939,000 $991,000 5.5% 0.0%

Saydel $965,750,780 $1,021,715,000 5.8% 2.9%

Southeast Polk $2,716,297,960 $2,805,047,940 3.3% 7.9%

Urbandale $1,865,683,350 $1,875,000,500 0.5% 5.3%

West Des Moines $6,547,655,970 $6,767,274,230 3.4% 19.0%

Woodward-Granger $102,356,320 $107,341,070 4.9% 0.3%

TOTAL $34,469,898,850 $35,642,461,110 3.4% 100%


SUMMARY OF PARCEL COUNTS BY CLASS AND JURISDICTION

TOWNSHIPS RESIDENTIAL AGRICULTURAL COMMERCIAL INDUSTRIAL MULTIRESIDENTIAL TOTAL

Allen Township 176 70 5 0 0 251

Beaver Township 281 287 8 0 0 576

Bloomfield Township 4 2 0 0 0 6

Camp Township 551 592 9 1 0 1,153

Clay Township 352 204 6 0 0 562

Crocker Township 1,541 108 12 0 0 1,661

Delaware Township 1,614 157 63 4 6 1,844

Douglas Township 356 345 6 0 1 708

Elkhart Township 245 423 6 0 0 674

Fourmile Township 877 175 7 0 0 1,059

Franklin Township 491 375 2 0 0 868

Jefferson Township 796 182 7 0 0 985

Lincoln Township 87 381 5 0 0 473

Madison Township 46 89 3 0 0 138

Saylor Township 2,350 71 580 45 14 3,060

Union Township 83 202 0 0 0 285

Washington Township 114 372 1 0 0 487

Webster Township 347 4 14 0 1 366

CITIES RESIDENTIAL AGRICULTURAL COMMERCIAL INDUSTRIAL MULTIRESIDENTIAL TOTAL

Alleman 165 27 21 0 0 213

Altoona 5,575 103 258 14 28 5,978

Ankeny 20,625 340 727 34 52 21,778

Bondurant 1,908 107 90 3 5 2,113

Carlisle 26 64 2 1 0 93

Clive 3,465 2 319 11 18 3,815

Des Moines 68,712 356 4,311 418 876 74,673

Elkhart 247 28 29 2 1 307

Granger 106 3 0 0 0 109

Grimes 4,450 138 345 14 19 4,966

Johnston 7,116 125 291 9 18 7,559

Mitchellville 625 28 40 5 15 713

Norwalk 0 1 0 0 0 1

Pleasant Hill 3,210 105 158 13 9 3,495

Polk City 1,786 28 62 0 5 1,881

Runnells 193 7 20 0 1 221

Sheldahl 73 15 4 0 0 92

Urbandale 11,480 99 678 17 39 12,313

West Des Moines 14,101 137 838 42 76 15,194

Windsor Heights 2,007 0 84 0 11 2,102

POLK COUNTY 156,181 5,752 9,011 633 1,195 172,772

SUMMARY OF VALUATION BY JURISDICTION

TOWNSHIPS 2015 2016 % CHANGE PERCENT OF CURRENT ROLL

Allen Township $19,104,830 $20,009,950 4.74% 0.1%

Beaver Township $91,635,270 $93,431,700 1.96% 0.3%

Bloomfield Township $1,389,000 $2,841,600 104.58% 0.0%

Camp Township $160,570,260 $163,386,760 1.75% 0.5%

Clay Township $100,867,970 $100,760,870 -0.11% 0.3%

Crocker Township $375,393,040 $390,644,450 4.06% 1.2%

Delaware Township $224,567,650 $226,773,640 0.98% 0.7%

Douglas Township $127,242,190 $128,633,400 1.09% 0.4%

Elkhart Township $99,692,680 $102,208,930 2.52% 0.3%

Fourmile Township $169,474,480 $171,601,240 1.25% 0.5%

Franklin Township $143,004,230 $147,370,470 3.05% 0.4%

Jefferson Township $242,001,310 $247,754,600 2.38% 0.8%

Lincoln Township $62,561,450 $62,977,480 0.66% 0.2%

Madison Township $23,223,520 $23,336,220 0.49% 0.1%

Saylor Township $746,838,170 $794,041,130 6.32% 2.4%

Union Township $38,416,290 $39,122,720 1.84% 0.1%

Washington Township $55,650,300 $55,689,190 0.07% 0.2%

Webster Township $61,356,650 $61,640,550 0.46% 0.2%


CITIES 2015 2016 % CHANGE PERCENT OF CURRENT ROLL

Alleman $34,361,400 $34,850,290 1.42% 0.1%

Altoona $1,453,147,690 $1,555,612,670 7.05% 4.7%

Ankeny $4,621,090,440 $4,905,912,180 6.16% 15.0%

Bondurant $317,524,040 $349,458,710 10.06% 1.1%

Carlisle $17,897,740 $17,729,760 -0.94% 0.1%

Clive $1,403,504,720 $1,421,080,780 1.25% 4.3%

Des Moines $11,494,545,860 $11,687,501,690 1.68% 35.6%

Elkhart $32,584,370 $34,064,340 4.54% 0.1%

Granger $22,385,920 $23,575,320 5.31% 0.1%

Grimes $953,205,220 $1,051,108,790 10.27% 3.2%

Johnston $2,161,113,230 $2,259,472,010 4.55% 6.9%

Mitchellville $78,117,390 $79,748,690 2.09% 0.2%

Norwalk $5,150 $5,150 0.00% 0.0%

Pleasant Hill $683,511,720 $700,702,400 2.52% 2.1%

Polk City $340,224,000 $359,801,010 5.75% 1.1%

Runnells $21,998,820 $22,209,520 0.96% 0.1%

Sheldahl $7,471,140 $7,622,040 2.02% 0.0%

Urbandale $3,317,222,760 $3,333,894,030 0.50% 10.2%

West Des Moines $4,374,451,780 $4,570,538,960 4.48% 13.9%

Windsor Heights $392,546,170 $395,347,870 0.71% 1.2%

TOTAL VALUE $34,469,898,850 $35,642,461,110 3.4% 100%


EXEMPT PROPERTY AS OF JULY 1, 2016POLK COUNTY

Religious Institutions

Churches & Church Headquarters $614,442,150

Parsonages $16,052,980

Recreational Property, Church Camps, etc. $156,208,720

Literary Societies $17,833,310

Low-rent Housing

Dwellings & Apartments $56,698,890

Veterans Organizations $2,205,280

Charitable & Benevolent Societies

Hospitals $482,865,130

Fraternal Organizations $14,699,210

Agricultural Societies $11,203,700

Retirement & Nursing Homes $103,311,800

Others (YMCA, YWCA, etc.) $367,502,210

Educational Institutions & Church Schools $386,060,580

Pollution Control (Industrial M & E and Bldgs.) $7,523,910

Urban Revitalization Tax Exemption $646,863,670

Industrial Partial Exemption $77,409,520

Natural Conservation $2,502,590

Forest & Fruit Tree Preservation (6,720.34 acres) $26,056,830

Native Prairie And Wetlands $189,930

Jobs/Income $124,086,370

Impoundments $21,040

Manufactured Home/Storm Shelters $350,800

Geothermal Systems $1,060,980

TOTAL EXEMPT PROPERTY $3,115,149,600

PROPERTY TAX TIMELINE


Step Date Activity

1 January 1

2 April 1

3 April 2–25

4 On or before April 25

5 April 2–30

6 May 1–May 31

7 June 15

8 July 1

9 August 15

10 September

11 October 1

12 October 2–12

13 By October 8

14 October 9–31

15 October 10–November 15

16 November 1

17 November 15

18 December 1–February 28

19 March 1

20 July 1

21 September 30

22 March 31

Assessment date.

Assessors complete assessments and notify taxpayers.

Taxpayers may request informal review of assessment by Assessor.

Following informal review, Assessor may enter into a signed written agreement with the property

owner or aggrieved taxpayer authorizing the Assessor to correct or modify the assessment according

to the agreement of the parties.

Taxpayers may appeal assessments to local boards of review.

Local boards of review consider appeals. This time may be extended to July 15 by the Iowa

Department of Revenue Director.

Local boards of review submit reports to the Director.

Assessors submit abstracts of the assessments to the Director.

The Department issues tentative equalization notices to assessors.

The Department holds equalization hearings, which are held for public input.

The Department issues final equalization orders to county auditors.

Assessing jurisdictions may apply for alternative methods of implementing equalization orders.

The county auditor must publish notice of the final equalization order by this date, and must provide

notice by mail to the taxpayers if the equalization order results in an increase in valuation.

Taxpayers may protest the final equalization order to local boards of review.

Local boards of review meet to hear equalization protests.

The Director certifies assessment limitation percentages to county auditors.

Local boards of review submit a report about the equalization protests to the Department.

The taxing authorities adopt the budgets based on the valuations.

The county board of supervisors levies the taxes.

The county treasurer receives authorization to collect taxes.

First half of taxes are due.

Second half of taxes are due.

The following table outlines the lengthy property assessment cycle.

IOWA PROPERTY TAX ASSESSMENT CYCLE

Source: Iowa Department of Revenue

January–June 2017

July–December 2017

2019

2018


HISTORY OF ASSESSMENT PROTESTS

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

ASSESSMENT PROTESTS FILED

YEAR

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

ASSESSMENT PROTESTS

ASSESSMENT YEAR PROTESTS FILED

2001 7,975

2002 909

2003 9,716

2004 596

2005 8,899

2006 904

2007 7,200

2008 1,054

2009 7,573

2010 1,729

2011 5,278

2012 1,905

2013 3,519

2014 946

2015 5,961

2016 811

Property owners have the right to protest their

property’s valuation to the Board of Review.

The Board of Review is an independent board

composed of 10 private citizens appointed by

the Conference Board.

The Board of Review considers all evidence

presented by the property owner and the

Assessor’s office at a hearing and then issues a

decision on the value of the property in question.

New for 2016 is a process where the property

owner can request an informal review of an

assessment and the Assessor can change the

assessment by entering into a signed agreement

with the property owner, thereby eliminating the

need to protest the valuation.


ACTIONS BY 2016 BOARD OF REVIEWNUMBER OF DAYS IN SESSION: 9

Number of protests filed for each class of property and the number of protests upheld and denied for each class.A protest is considered upheld if even a partial reduction in the assessment was made.

CLASS NUMBER OF PROTESTS NUMBER UPHELD NUMBER DENIED

Agricultural 45 14 31

Residential Dwelling on Agricultural Realty 4 4 0

Residential “outside incorporated cities” 43 21 22

Residential “within incorporated cities” 581 306 275

Commercial 113 22 91

Industrial 3 0 3

Multi-Residential 22 12 10

Total 811 379 432

Board of Review’s action on its own initiative.

CLASS NUMBER OF INCREASES NUMBER DECREASES

Agricultural 0 0

Residential Dwelling on Agricultural Realty 0 0

Residential “outside incorporated cities” 0 1

Residential “within incorporated cities” 10 21

Commercial 0 1

Industrial 0 0

Multiresidential 0 1

Total 10 24

The total amount of assessed valuation by which the original 2016 valuations were increased or decreased for each class of property.

CLASS NET INCREASE OR DECREASE

Agricultural –2,544,450

Residential Dwelling on Agricultural Realty –162,400

Residential “outside incorporated cities” –605,200

Residential “within incorporated cities” –7,419,990

Commercial –5,992,100

Industrial 0

Multiresidential –237,300

Total –16,961,440


RESIDENTIAL PROPERTY SALES

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

NUMBER OF SALES

YEAR

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

MEDIAN SALE PRICE

SALE YEAR

$170,000

$165,000

$160,000

$155,000

$150,000

$145,000

$140,000

$135,000

$130,000

$125,000

$120,000

RESIDENTIAL SALES BY YEAR

MEDIAN SALE PRICE OF SINGLE FAMILY HOMES


HISTORY OF ASSESSMENT APPEALS

APPEALS FILED

YEAR DISTRICT COURT PAAB TOTAL2001 149 149

2002 40 40

2003 454 454

2004 75 75

2005 253 253

2006 93 93

2007 116 275 391

2008 10 62 72

2009 43 540 583

2010 7 140 147

2011 37 426 463

2012 3 124 127

2013 42 183 225

2014 2 54 56

2015 22 336 358

2016 4 85 89

If a property owner is not satisfied with the

Board of Review’s decision, the owner has a

right to appeal the decision either to the

District Court of Polk County or to the Iowa

Property Assessment Appeal Board (PAAB).

The PAAB came into existence in 2007 and

has since taken on the majority of the

appeal workload.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

ASSESSMENT APPEALS FILED

YEAR

600

550

500

450

400

350

300

250

200

150

100

50

0

PAAB

DISTRICTCOURT

DISTRICT COURT VS. PROPERTY ASSESSMENT APPEAL BOARD

RESIDENTIAL PROPERTY SALES STATISTICS BY CITY


MEDIAN SALES RATIO

CITY

Alleman

Altoona

Ankeny

Bondurant

Carlisle

Clive

Des Moines

Elkhart

Granger

Grim

es

Johnston

Mitc

hellville

Pleasant Hill

Polk City

Runnells

Sheldahl

Urbandale

West D

es Moines

Windsor Heights

140%

135%

130%

125%

120%

115%

110%

105%

100%

95%

90%

85%

80%

75%

JURISDICTION NUMBER OF SALES MEDIAN SALES RATIOAlleman 5 82.34

Altoona 367 90.63

Ankeny 1,395 89.95

Bondurant 138 90.05

Carlisle 2 137.82

Clive 178 91.45

Des Moines 3,268 91.70

Elkhart 12 86.43

Granger 5 84.32

Grimes 325 89.69

Johnston 396 90.84

Mitchellville 19 102.97

Pleasant Hill 192 89.49

Polk City 98 88.69

Runnells 13 86.78

Sheldahl 2 80.93

Urbandale 584 89.33

West Des Moines 729 89.60

Windsor Heights 106 88.96

2016 MEDIAN SALES RATIO BY CITY

INSIDE BACK COVER BLANK

2016 MEDIAN SALES RATIO BY CITY

2016 annual report -...

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