Property Valuation
In Iowa, which type of value is used for property tax purposes?
AAssessed value based on replacement cost
BActual (market) value as determined by the county assessor✓ Correct
CFederal appraisal value
DMortgage value as set by the lender
Explanation
Iowa uses actual (market) value as the basis for property tax assessments. The county assessor determines actual value through mass appraisal techniques and market data.
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