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Levy Rates and Taxable Valuations

Levy Rates

Levy Rates for Fiscal Year 2019-2020 Taxes - Based upon January 1, 2018 Valuations
Levy Rates for Fiscal Year 2018-2019 Taxes - Based upon January 1, 2017 Valuations
Levy Rates for Fiscal Year 2017-2018 Taxes - Based upon January 1, 2016 Valuations
Levy Rates for Fiscal Year 2016-2017 Taxes - Based upon January 1, 2015 Valuations
Levy Rates for Fiscal Year 2015-2016 Taxes - Based upon January 1, 2014 Valuations
Levy Rates for Fiscal Year 2014-2015 Taxes - Based upon January 1, 2013 Valuations
Levy Rates for Fiscal Year 2013-2014 Taxes - Based upon January 1, 2012 Valuations

 

Taxable Valuations

Taxable Valuations as of January 1, 2018 for Budget and Tax Levies for Fiscal Year 2019-2020
Taxable Valuations as of January 1, 2017 for Budget and Tax Levies for Fiscal Year 2018-2019
Taxable Valuations as of January 1, 2016 for Budget and Tax Levies for Fiscal Year 2017-2018
Taxable Valuations as of January 1, 2015 for Budget and Tax Levies for Fiscal Year 2016-2017
Taxable Valuations as of January 1, 2014 for Budget and Tax Levies for Fiscal Year 2015-2016
Taxable Valuations as of January 1, 2013 for Budget and Tax Levies for Fiscal Year 2014-2015
Taxable Valuations as of January 1, 2012 for Budget and Tax Levies for Fiscal Year 2013-2014

 

The tax bills are the result of an annual process that involves determining the value of each individual property parcel in the county and applying the property tax needs of various local entities to the sum of those values.  A number of modifications take place through the process based on laws intended to make the system as fair as possible.

 

The county assessor determines each property’s assessed value as of January 1.  The taxable value of the property will be fixed by the following January, after a number of required steps.  Among these steps is the application of a state-applied rollback percentage, which determines, by property class, how much of a property’s assessed value is taxed. 

 

For instance, each residential property in the state (including dwellings located on ag realty) will pay taxes on 56.9180% of its assessed value during fiscal year 2020.  For agricultural property (excluding dwellings located on ag realty), it’s 56.1324%.  For commercial or industrial property, it’s 90%, and for multi-residential property, it is 75%.

 

In addition, every odd-numbered year, the Iowa Department of Revenue is required by law to "equalize" property tax assessments for all property classes in all assessing jurisdictions (99 counties and 8 cities) statewide.  See box at right.

 

Cities, school districts and counties are the primary property-tax levying bodies.  Others include hospitals, townships, agricultural extension and area colleges.  Their governing boards and councils determine property tax needs by deadlines in March and April.  The county auditor’s office applies these taxing needs to the taxable valuation and calculates the amount of tax owed by each property owner.  Oftentimes, tax credits and exemptions are applied at an individual property parcel level.

 

These tax amounts are provided to the county treasurer, who sends out the bills and collects the taxes.  The tax rates determined in the spring of 2019 will be applied to the January 1, 2018 property values and are for July 1, 2018, through June 30, 2019.  These taxes are then payable in two installments:  the first in September of 2019 and the second in March of 2020.

 

Property taxes are not determined by a single individual who assesses your property and sends you a bill.  The final tax rate is the result of budgets established to provide services, an assessor's assessment, a county auditor's calculations and laws administered by the Iowa Department of Revenue.

 

Because property assessment involves a series of events that takes 18 months from start to finish (please refer to the list of Important Dates, below, for an example), this information will not be able to answer all of your questions.  It should, however, explain the basic principles and events involved in calculating the property tax rate.

 

Important Dates

January 1, 2019 Assessment date
April 2-25, 2019 Assessors complete assessments and notify taxpayers
April 2-30, 2019 Taxpayers may request informal review of assessment by assessor
July 1, 2019 Assessors submit abstracts of assessments to Iowa Dept of Revenue
August 15, 2019 Iowa Dept of Revenue issues tentative equalization notices to assessors (odd years)
October 1, 2019 Iowa Dept of Revenue issues final equalization orders to county auditors (odd years)
October 8, 2019 Deadline for county auditors to publish notice of final equalization and notices by mail to taxpayers if order results in an increase in valuation (odd years)
October 9-31, 2019 Taxpayers may protest the final equalization order to local boards of review
November 1, 2019 Iowa Dept of Revenue certifies assessment limitation percentages to county auditors (ROLLBACKS)
December 31, 2019 County auditors file FY2021 county taxable valuations with Iowa Dept of Management
December 1, 2019 - February 29, 2020 Taxing authorities prepare budgets and set levies for FY2021 based on the taxable valuations
March 15, 2020 Taxing authorities (except schools) adopt budgets, certifying taxes for FY2021
April 15, 2020 Schools adopt budgets, certifying tax levies for FY2021
September 30, 2020 First half property taxes are due
March 31, 2021 Second half property taxes are due

 

For questions, contact us.

 

    2018 Rollbacks

    for taxes payable 2019/20:

    Ag land 56.1324%

    Ag building 56.1324%

    Ag dwelling 56.9180%

    Rural residential 56.9180%

    Residential 56.9180%

    Commercial 90.0000%

    Industrial 90.0000%

    Multi-residential 75.0000%

     

    rollback percentages from previous years

     
    Iowa Dept Of Revenue Equalization Adjustments for Decatur County

    2019: Agricultural -8%

    2017: Residential +14%

    2015: No adjustments

    2013: Agricultural +28%

    2011: Agricultural +19.6%; Commercial +6%

    2009: Residential +18%

    2007: Agricultural +16%

     

    Click here for more information about Iowa Department of Revenue equalization adjustments

     
     
     
     
     
    Decatur County Iowa
    County Courthouse 207 N. Main St. Leon, IA 50144
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