2015 annual report -...

www.assess.co.polk.ia.us

2015 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 2015 Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . 7

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

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

Property Tax Shift . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

History of Assessment Rolls . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 2015 . . . . . . . . . . . . . . . . . . . . . 15

Actions by 2015 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 214 1,503Allen Twp 249 2,920Altoona 5,939 4,465Ankeny 20,998 13,036Beaver Twp 575 13,026Bloomfield Twp 6 26Bondurant 1,961 4,729Camp Twp 1,150 19,424Carlisle 92 1,897Clay Twp 566 6,883

JURISDICTION PARCELS ACRESClive 3,818 2,051Crocker Twp 1,625 8,023Delaware 1,850 5,780Des Moines 74,626 31,106Douglas Twp 710 17,967Elkhart 304 935Elkhart Twp 675 20,898Four Mile Twp 1,068 5,638Franklin Twp 868 14,759Granger 109 82

JURISDICTION PARCELS ACRESGrimes 4,899 5,389Jefferson Twp 987 9,236Johnston 7,425 10,408Lincoln Twp 466 20,319Madison Twp 138 4,119Mitchellville 716 1,106Norwalk 1 6Pleasant Hill 3,403 4,924Polk City 1,793 1,929Runnells 223 210

JURISDICTION PARCELS ACRESSaylor Twp 3,079 6,286Sheldahl 92 149Union Twp 281 9,027Urbandale 12,305 6,649Washington Twp 486 19,266Webster Twp 366 537West Des Moines 15,121 10,475Windsor Heights 2,102 662TOTAL 171,286 279,172

POLK COUNTY PARCEL COUNT AND ACRE TOTALS EXCLUDING ROADS AND RAILROADS

POLK COUNTY TAX DISTRICTS 2015 ANNUAL REPORT

2 2015 ANNUAL REPORT

MESSAGE FROM THE ASSESSOR

A major change implemented

for 2015 involved identifying

and reclassifying those properties

that fall under the new

multiresidential classification

(apartments, mobile home parks,

manufactured home communities,

land-leased communities and

assisted-living facilities).

OFFICE OF POLK COUNTY ASSESSOR 3

how taxes on a residential property in Des Moines

would have increased substantially the last seven years

(29.2%) while those on a commercial property in Des

Moines would have decreased (–7.8%). Expect this

trend to continue for many years into the future.

The number of protests spiked upward with the

increase in valuations. There were 5,961 protests filed,

which is the largest since 2009. Of the protests filed,

approximately 50% were upheld and 50% were

denied. There were 358 appeals of the Board of

Review’s decisions, with 336 appeals to the Property

Assessment Appeal Board and 22 appeals to the Polk

County District Court.

House File 616 changed many of the dates in the

assessment cycle. Going forward, the protest filing

period is from April 2 to April 30. Informal appeals with

the Assessor are now to be requested from April 2 to

April 25. If the protestant and Assessor come to an

agreement, the Assessor is authorized to change the

assessment after April 1 by entering into a signed

written agreement with the property owner. This is in

addition to the current authority the Assessor has to file

a recommendation for a change to the Board of Review.

In closing, it is important to note this office employs a

talented and dedicated group of people that treats all

property owners and taxpayers with the highest degree

of courtesy and professionalism, and continually strives

to assess every property in a fair and equitable manner.

I am grateful for the opportunity to work with them.

It’s a privilege and honor 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

Last year I reported the real estate market rebounded in 2014 and was

showing signs of a strong recovery. Because of that, our assessment-to-

market value levels for the various classifications of property fell below the

standards required by Iowa law.

Polk County Conference Board:

On behalf of the dedicated women and men of the

Polk County Assessor’s Office, I am proud to present

this year’s Annual Report.

Last year I reported the real estate market rebounded

in 2014 and was showing signs of a strong recovery.

Because of that, our assessment-to-market value levels

for the various classifications of property fell below the

standards required by Iowa law. In order to avoid an

equalization order from the Director of Revenue, our

office took corrective action by increasing assessments

for 2015, bringing our assessment levels into

compliance. In doing so, the Polk County assessment

roll reached a new milestone in 2015, exceeding $34.4 billion. This represents a 7.1% increase over the

2014 assessment roll, with 4.6% due to revaluation

and 2.5% due to new construction. This is the largest

increase since 2007.

A major change implemented for 2015 involved

identifying and reclassifying those properties that

fall under the new multiresidential classification

(apartments, mobile home parks, manufactured home

communities, land-leased communities and assisted-

living facilities). For the next seven years, these

properties will see their taxable valuations gradually

reduced by the rollback, and in year 2022, they will

have the same rollback as residential property. We have

1,192 parcels with a total assessed valuation of

approximately $1 billion in this category.

Another major change implemented for 2015 allows

some properties to have dual classification. Any

property that has two uses, where the primary use is

either commercial or industrial and the other use is

human habitation, now has two classifications — either

commercial or industrial, along with multiresidential.

Property taxes will be calculated on the valuations

allotted to each of the two classifications and using

different rollback percentages that apply to each

classification. There were 198 parcels that had dual

classification for 2015.

As noted in past annual reports, residential property

owners continue to take on more and more of the tax

burden. The charts on page 10 show an example of


• 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

Cour

tesy

: Pict

ure

Des M

oines


POLK COUNTY CONFERENCE BOARD 2015

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 — 2015

ADMINISTRATIONRandy Ripperger, CAE, ICA Rodney Hervey, ICA

County Assessor Chief Deputy

Tammy Berenguel, Support SupervisorRhonda Duncan, Supervisor Real Estate Department

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

Kelly Low, Accounting ManagerMark Patterson, CAE, CCIM, ICA, Commercial Deputy Assessor

Amy 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, 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, Comm. Support Specialist Kelsi Jurik, Mapping Specialist

Susie Bauer, Permits Coordinator Jill Mauro, Computer Support SpecialistVincent DeAngelis, Tax Information Specialist Jennifer Sanford, Credits Administrator

Kim Heffernan, Support Specialist Julie Van Deest, Exemptions Coordinator

BOARD OF REVIEW BOARD OF EXAMINERSLora Jorgensen Charles Speas Art HedbergDonna Koester John Tiefenthaler Ned MillerJohn Lundstrom Leslie Turner Frank Smith

Ruth O’Brien-German Lee ViggersEverett Sather Max Wright


ABSTRACT OF 2015 POLK COUNTY ASSESSMENTSAs of July 1, 2015

REAL PROPERTY

Includes over 171,000 Parcels of Taxable Property 100% VALUE

TOWNSHIPS CITIES

Agricultural Lands $246,187,910 $58,827,360

Residential (includes residences on ag property) $1,977,945,160 $22,506,287,630

Commercial Properties $406,833,260 $7,629,524,320

Multiresidential Properties $13,694,460 $1,044,947,960

Industrial Properties $98,328,500 $487,322,290

TOTAL TAXABLE REAL ESTATE* $2,742,989,290 $31,726,909,560

$34,469,898,850

MONEY & CREDITS (100%)

Credit Unions (5 mills) $3,287,126 $36,342,062

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

Any property that has two uses where

the primary use is either commercial

or industrial, and the other use is

human habitation, now has two

classifications — either commercial or

industrial, along with multiresidential.

Property taxes will be calculated

on the valuations allotted to each

of the two classifications and using

different rollback percentages that

apply to each classification. There

were 198 parcels that had dual

classification for 2015.Courtesy: Picture Des Moines

TOTAL VALUATION BY CLASS

As noted on pages 7–8, the 2015 total assessed valuation for Polk County is $34,469,898,850. The chart below shows the distribution of this valuation by class of property.

INDUSTRIAL$585,650,790

2%

RESIDENTIAL$24,484,232,790

71%

AGRICULTURE$305,015,270

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 61% 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 2015 % of Total 2014 Difference % Change

Residential $24,484,232,790 71.0% $22,962,337,300 $1,521,895,490 6.63%

Commercial* $8,036,357,580 23.3% $8,373,207,200 -$336,849,620 -4.02%Multiresidential* $1,058,642,420 3.1% N/A N/A N/A

Industrial $585,650,790 1.7% $529,465,610 $56,185,180 10.61%

Agricultural $305,015,270 0.9% $315,183,550 -$10,168,280 -3.23%TOTAL $34,469,898,850 100.0% $32,180,193,660 $2,289,705,190 7.12%

* Multiresidential is new for 2015, included with Commercial for 2014.

Polk County has more than 171,000 taxable parcels, with nine out of 10 of them being residential properties.These residential parcels comprise 71% of the total assessed value in Polk County. In 2015, the county added1,706 residential parcels and had a net total gain of 1,840. Overall, the number of parcels increased just over1% and value increased a little over 7%.

PARCEL COUNT

Property Classification 2015 % of Total 2014 Difference % Change

Residential 154,607 90.3% 152,901 1,706 1.12%

Commercial* 9,097 5.3% 10,179 -1,082 -10.63%Multiresidential* 1,192 0.7% N/A N/A N/A

Industrial 629 0.4% 638 -9 -1.41%Agricultural 5,761 3.4% 5,728 33 0.58%

TOTAL 171,286 100.0% 169,446 1,840 1.09%


COMMERCIAL$8,036,357,580

23%

MULTIPLE RESIDENTIAL$1,058,642,420

3%

RESIDENTIAL$13,619,574,848

61%

COMMERCIAL$7,232,721,822

32%

MULTIPLE RESIDENTIAL$913,079,087

4%

INDUSTRIAL$527,085,711

2%

AGRICULTURE$140,632,781

1%

In 2015, the county added

1,706 residential parcels

and had a net total gain of

1,840. Overall, the number of

parcels increased just over

1% and value increased a

little over 7%.

HISTORY OF ASSESSMENT ROLLS

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

VALUE IN BILLION

S

YEAR

$40

$35

$30

$25

$20

$15

$10

$5

$0


YEAR TOTAL ASSESSMENT VALUE DOLLAR CHANGE PERCENT CHANGE

2000 $17,474,919,820 $2,259,336,700 14.8%

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 $31,341,353,890 $264,477,140 0.9%

2013 $31,511,405,530 $170,051,640 0.5%

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

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

PROPERTY TAX SHIFT RESIDENTIAL TAX VS. COMMERCIAL TAX

VALUATION YEARS 2007–2014

RESIDENTIAL — $200,000 ASSESSED VALUE — DES MOINES

2007 2008 2009 2010 2011 2012 2013 2014

$4,113 $4,123 $4,248 $4,463 $4,722 $4,954 $5,121 $5,314

AMOU

NT OF TAX

YEAR

5,500

5,250

5,000

4,750

4,500

4,250

4,000

3,500

3,000

2007 2008 2009 2010 2011 2012 2013 2014

$9,307 $9,045 $9,056 $9,196 $9,304 $9,379 $8,943 $8,581

AMOU

NT OF TAX

YEAR

9,500

9,250

9,000

8,750

8,500

8,250

8,000

• Assumes assessed value of $200,000 each year• Does not include the residential homestead credit (2014 = $231) • Does not include the commercial business property tax credit (new for 2014 = $3,004)

RESIDENTIAL TAX 2007–2014 +29.2% or +4.2% per year

COMMERCIAL TAX 2007–2014 –7.8% or –1.1% per year


COMMERCIAL — $200,000 ASSESSED VALUE — DES MOINES


SUMMARY OF PARCEL COUNTS BY CLASS AND JURISDICTION

TOWNSHIPS RESIDENTIAL AGRICULTURAL COMMERCIAL INDUSTRIAL MULTIRESIDENTIAL TOTAL

Allen Township 174 70 5 0 0 249

Beaver Township 276 291 8 0 0 575

Bloomfield Township 4 2 0 0 0 6

Camp Township 546 594 8 1 1 1,150

Clay Township 354 204 6 2 0 566

Crocker Township 1,504 105 16 0 0 1,625

Delaware Township 1,619 158 63 4 6 1,850

Douglas Township 352 351 6 0 1 710

Elkhart Township 243 426 6 0 0 675

Four mile Township 881 179 8 0 0 1,068

Franklin Township 488 378 2 0 0 868

Jefferson Township 793 187 7 0 0 987

Lincoln Township 86 375 5 0 0 466

Madison Township 46 89 3 0 0 138

Saylor Township 2,322 75 621 47 14 3,079

Union Township 80 201 0 0 0 281

Washington Township 112 373 1 0 0 486

Webster Township 347 4 14 0 1 366

CITIES RESIDENTIAL AGRICULTURAL COMMERCIAL INDUSTRIAL MULTIRESIDENTIAL TOTAL

Alleman 165 27 22 0 0 214

Altoona 5,532 104 263 12 28 5,939

Ankeny 19,894 299 720 31 54 20,998

Bondurant 1,754 108 91 3 5 1,961

Carlisle 28 61 2 1 0 92

Clive 3,466 1 323 9 19 3,818

Des Moines 68,637 354 4,343 418 874 74,626

Elkhart 247 26 28 1 2 304

Granger 106 3 0 0 0 109

Grimes 4,342 185 341 13 18 4,899

Johnston 6,987 117 304 9 8 7,425

Mitchellville 628 28 40 4 16 716

Norwalk 0 1 0 0 0 1

Pleasant Hill 3,119 108 153 13 10 3,403

Polk City 1,696 30 62 0 5 1,793

Runnells 196 7 19 0 1 223

Sheldahl 73 15 4 0 0 92

Urbandale 11,466 100 682 18 39 12,305

West Des Moines 14,036 125 838 43 79 15,121

Windsor Heights 2,008 0 83 0 11 2,102

POLK COUNTY 154,607 5,761 9,097 629 1,192 171,286

SUMMARY OF VALUATION BY JURISDICTION

TOWNSHIPS 2014 2015 % CHANGE PERCENT OF CURRENT ROLL

Allen Township $19,696,650 $19,104,830 -3.0% 0.1%

Beaver Township $88,746,260 $91,635,270 3.3% 0.3%

Bloomfield Township $1,115,620 $1,389,000 24.5% 0.0%

Camp Township $152,827,990 $160,570,260 5.1% 0.5%

Clay Township $92,933,890 $100,867,970 8.5% 0.3%

Crocker Township $356,346,950 $375,393,040 5.3% 1.1%

Delaware Township $218,975,500 $224,567,650 2.6% 0.7%

Douglas Township $123,982,460 $127,242,190 2.6% 0.4%

Elkhart Township $99,772,420 $99,692,680 –0.1% 0.3%

Four mile Township $173,700,210 $169,474,480 –2.4% 0.5%

Franklin Township $138,641,290 $143,004,230 3.1% 0.4%

Jefferson Township $227,538,710 $242,001,310 6.4% 0.7%

Lincoln Township $63,987,610 $62,561,450 –2.2% 0.2%

Madison Township $21,886,320 $23,223,520 6.1% 0.1%

Saylor Township $677,906,400 $746,838,170 10.2% 2.2%

Union Township $39,322,410 $38,416,290 –2.3% 0.1%

Washington Township $56,530,650 $55,650,300 –1.6% 0.2%

Webster Township $56,595,150 $61,356,650 8.4% 0.2%


CITIES 2014 2015 % CHANGE PERCENT OF CURRENT ROLL

Alleman $33,052,220 $34,361,400 4.0% 0.1%

Altoona $1,265,625,460 $1,453,147,690 14.8% 4.2%

Ankeny $4,139,837,250 $4,621,090,440 11.6% 13.4%

Bondurant $284,404,950 $317,524,040 11.6% 0.9%

Carlisle $17,548,340 $17,897,740 2.0% 0.1%

Clive $1,339,094,250 $1,403,504,720 4.8% 4.1%

Des Moines $10,972,698,230 $11,494,545,860 4.8% 33.3%

Elkhart $30,041,530 $32,584,370 8.5% 0.1%

Granger $20,694,090 $22,385,920 8.2% 0.1%

Grimes $826,474,250 $953,205,220 15.3% 2.8%

Johnston $1,995,164,770 $2,161,113,230 8.3% 6.3%

Mitchellville $75,282,510 $78,117,390 3.8% 0.2%

Norwalk $5,380 $5,150 –4.3% 0.0%

Pleasant Hill $651,212,450 $683,511,720 5.0% 2.0%

Polk City $304,333,510 $340,224,000 11.8% 1.0%

Runnells $21,982,840 $21,998,820 0.1% 0.1%

Sheldahl $7,399,550 $7,471,140 1.0% 0.0%

Urbandale $3,156,319,860 $3,317,222,760 5.1% 9.6%

West Des Moines $4,049,331,760 $4,374,451,780 8.0% 12.7%

Windsor Heights $379,183,970 $392,546,170 3.5% 1.1%

TOTAL VALUE $32,180,193,660 $34,469,898,850 7.1% 100.0%


EXEMPT PROPERTY AS OF JULY 1, 2015POLK COUNTY

Religious Institutions

Churches & Church Headquarters $596,884,910

Parsonages $15,792,080

Recreational Property, Church Camps, etc. $151,212,760

Literary Societies

Community Playhouse $17,536,180

Low-rent Housing

Dwellings & Apartments $55,836,790

Veterans Organizations $2,205,280

Charitable & Benevolent Societies

Hospitals $470,865,250

Fraternal Organizations $14,702,470

Agricultural Societies $11,110,130

Retirement & Nursing Homes $100,857,800

Others (YMCA, YWCA, etc.) $346,371,310

Educational Institutions & Church Schools $396,433,980

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

Urban Revitalization Tax Exemption $591,871,010

Industrial Partial Exemption $67,188,790

Natural Conservation $2,495,450

Forest & Fruit Tree Preservation (6,759.08 acres) $26,694,470

Native Prairie And Wetlands $190,990

Jobs/Income $77,419,770

Impoundments $21,040

Manufactured Home/Storm Shelters $350,800

Geothermal Systems $619,640

TOTAL EXEMPT PROPERTY $2,954,184,810

PROPERTY TAX TIMELINE


The assessment cycle is a lengthy one. The cycle required each time property is assessed is outlined below.

Step Date

1 Jan. 1 Appraisal date for assessments.

2 Feb. 1 Applications for exemptions due.

3 March 15 Deadline to apply for the commercial property tax credit (deadline is July 1 beginning in 2016).

4 April 1 Assessors complete assessments and notify taxpayers.

5 April 2 -25 Property owners can request an informal hearing with the Assessor. Property owner and Assessor can enter into a written agreement to change the assessment.

6 April 2 -30 Taxpayers may appeal assessments to local boards of review.

7 May 1–31 Board of Review in session to consider appeals. This time may be extended to July 15.

8 June 15 Board of Review report due to the Director of Revenue.

9 July 1 Abstract of the assessment is due to the Director of Revenue. Application deadline for homestead credit, disabled veteran tax credit, and military exemption.

10 Aug. 15 The Director issues tentative equalization notices to county auditors in odd-numbered years.

11 Aug. 25–Sept. 30 The Director holds equalization hearings, which are held for public input.

12 Oct. 1 The Director issues final equalization orders to county auditors.

13 Oct. 1–10 Assessing jurisdictions may apply for alternative methods of implementing equalization orders.

14 Oct. 8 The county auditor publishes notices of the final equalization order. If valuation is increased by an equalization order, notification by mail by Oct. 8 is required.

15 Oct.9–31 Taxpayers may protest the final equalization order to local boards of review.

16 Oct. 10–Nov. 15 Local boards of review meet to hear equalization protests.

17 Nov. 1 The Director certifies assessment limitation percentages to county auditors.

18 Nov. 15 Local boards of review submit a report about the equalization protests to the Department.

19 Dec. 1–Feb. 28 The taxing authorities adopt the budgets based on the valuations.

20 March 1 The county board of supervisors levies the taxes.

21 July 1 The county treasurer receives authorization to collect taxes.

22 Sept. 30 First half of taxes due.

23 March 31 Second half of taxes due.

The following table outlines the

property assessment cycle.

IOWA PROPERTY TAX ASSESSMENT CYCLE

Source: Iowa Department of Revenue


HISTORY OF ASSESSMENT PROTESTS

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

ASSESS

MEN

T PR

OTESTS 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 Filed2000 406

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

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.


ACTIONS BY 2015 BOARD OF REVIEWNUMBER OF DAYS IN SESSION: 25

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 20 9 11

Residential Dwelling on Agricultural Realty 13 6 7

Residential “outside incorporated cities” 296 142 154

Residential “within incorporated cities” 4,393 2,162 2,231

Commercial 1,017 539 478

Industrial 45 32 13

Multiresidential 177 100 77

Total 5,961 2,990 2,971

Number of assessments raised or lowered by the Board of Review acting upon its own initiative.

CLASS NUMBER OF INCREASES NUMBER DECREASES

Agricultural 0 1

Residential Dwelling on Agricultural Realty 0 1

Residential “outside incorporated cities” 4 1

Residential “within incorporated cities” 103 56

Commercial 2 13

Industrial 1 1

Multiresidential 5 3

Total 115 76

The total amount of assessed valuation by which the original 2015 valuations were increased or decreased for each class of property.

CLASS NET INCREASE OR DECREASE

Agricultural –725,580

Residential Dwelling on Agricultural Realty –204,100

Residential “outside incorporated cities” –2,612,500

Residential “within incorporated cities” –39,850,540

Commercial –129,228,900

Industrial –11,013,500

Multiresidential –10,864,100

Total –194,499,220


RESIDENTIAL PROPERTY SALES

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

NUMBER OF SALES

YEAR

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

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

MEDIAN SALE PR

ICE

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 TOTAL2000 26 26

2001 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

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.

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

ASSESS

MEN

T AP

PEALS 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

101%

100%

99%

98%

97%

96%

95%

94%

93%

92%

91%

90%

89%

88%

Jurisdiction Number Of Sales Median Sales RatioAlleman 4 99.97

Altoona 336 95.63

Ankeny 1,359 94.45

Bondurant 83 92.96

Carlisle 1 91.99

Clive 146 94.50

Des Moines 2,864 96.23

Elkhart 12 88.58

Granger 7 91.76

Grimes 268 94.26

Johnston 324 94.55

Mitchellville 18 100.16

Pleasant Hill 150 95.08

Polk City 60 91.16

Runnells 12 93.59

Sheldahl 3 93.67

Urbandale 580 93.89

West Des Moines 697 94.01

Windsor Heights 105 93.51

2015 MEDIAN SALES RATIO BY CITY

INSIDE BACK COVER BLANK

2015 MEDIAN SALES RATIO BY CITY

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

ASSESSOR

2015 annual report -...

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