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The Role Your Assessed Value Plays in Determining Property Taxes

By: City of Bondurant
Date Published: Tuesday, April 2, 2019
 

New assessments notices will come out Friday, March 8th. Residential properties in Polk County have increased in value an average of 10%. This means when you see your notice of Assessed Valuation, you will likely see that it has increased.

Please note that an increase in your Assessed Valuation does not equate directly to an increase in property taxes paid. 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.

Following is an explanation of how property taxes are determined from the Iowa Department of Revenue