Property Valuation
The Iowa Department of Revenue publishes an equalization order when:
AProperty values are being fraudulently inflated
BLocal assessed values deviate significantly from the statutory percentage of market value✓ Correct
CNew construction exceeds permitted limits
DA property owner appeals their assessment
Explanation
Iowa's equalization process ensures that assessed values across the state are in line with the statutory percentage of market value. The Department of Revenue issues equalization orders to adjust assessment levels when they drift from that standard.
Related Iowa Property Valuation Questions
- An Iowa appraiser adjusting sales comparables makes a downward (negative) adjustment when:
- In Iowa, which type of value is used for property tax purposes?
- Iowa property assessed values are set by the county assessor as of January 1 of the assessment year and reflect:
- The principle of substitution in Iowa appraisal states that:
- An Iowa property's land is valued at $75,000 and the improved value is $295,000. What is the percentage of value attributable to the land?
- Iowa county assessors re-assess all property at least every how many years?
- Iowa's property tax exemptions include which of the following?
- In Iowa appraisal, the term 'plottage increment' refers to:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →