As property assessments hit mailboxes, a free online presentation to help property owners understand how to protest their property assessments will be offered on April 12th. The presentation will include an introduction to how property is valued for taxation, how to understand your assessment, and the basics of protesting the assessed valuation of your property. The first step in determining property taxes in Iowa is for local assessors to establish the value of the property. Every two years, the county assessor estimates the market value of a property. After assessments are done, the “assessment limitation” is applied every year. More commonly referred to as the rollback, the assessment limitation is intended to help to control inflation in property assessments. For example, the residential and agricultural property is limited to 3% growth annually.The webinar is presented by the Property Assessment Appeal Board (PAAB) in conjunction with the Iowa Department of Revenue and the Center for Business Growth and Innovation at the University of Northern Iowa. The PAAB is an independent board that hears contested cases of property assessments following decisions from local assessors and boards of review. The PAAB is focused on providing a consistent, fair, and equitable property assessment appeal process.The webinar will be held on April 12, 2023, at 12 pm. Interested participants can register for the webinar at: uni.zoom.us/webinar/register/WN_gaaeX-0QR6isnKR5KD2AnQ.
