Property Taxes - Polk County

[AgronAlum]

Most people got their new assessment roll in the mail today and ours went up 29.4 percent this year with no changes to the property. From talking to a few people, this is about where everyone is at.

I thought there was a cap on the percentage increase year over year but I’m not finding anything concrete. Anyone know?

 

[Clonehomer]

Most people got their new assessment roll in the mail today and ours went up 29.4 percent this year with no changes to the property. From talking to a few people, this is about where everyone is at.

I thought there was a cap on the percentage increase year over year but I’m not finding anything concrete. Anyone know?

If everyone's assessment went up the same, then the tax rate would drop I guess. Assuming the city's budget also doesn't increase by 29.4% that is. The problem comes when your assessed value goes up but no one else's does.

 

[IcSyU]

There may be no changes to the property but have you seen the housing market the last few years?

 

[RustShack]

Not in Polk county but I got my appraisal a few weeks ago and it’s allegedly valued at $50k more than it was when I bought the house 15 months earlier.

 

[Clonehomer]

Not in Polk county but I got my appraisal a few weeks ago and it’s allegedly valued at $50k more than it was when I bought the house 15 months earlier.

Sounds like it's time to sell

 

[alarson]

Sounds like it's time to sell

Problem is you then have to buy.

And that may mean giving up a much lower interest rate mortgage

 

[ClonerJams]

My assessment went up 44k

 

[larry]

The state government has lowered allowable tax rates on homes and businesses. Local governments, in an effort to make up lost revenue(so that services ate not cut), are raising property assessments to more closely mirror property values(if you were selling).

 

[Jnecker4cy]

Mine went up 45 k. Land up 10k, property up 35k.

 

[Pope]

We got our letter from the Polk County assessor today. We own 2 properties. One went up 21.2%. waiting to see how much the other went up.

 

[CycloneDaddy]

Up 21% … booo

 

[AgronAlum]

My assessment went up 44k

Ours went up 67k.

That’s 134k since we moved in 6 years ago which is 46% of the the current assessment.

 

[8bitnes]

Up $58k / 24%

 

[keepngoal]

Genuine question. Are these assessments surprising?

 

[8bitnes]

We got our letter from the Polk County assessor today. We own 2 properties. One went up 21.2%. waiting to see how much the other went up

Just check the assessor website, they are posted

 

[AgronAlum]

Genuine question. Are these assessments surprising?

We’re at about 90 percent increase in value over 6 years and 29 percent this year, so yes it’s a little surprising. We have been hovering around 10-12 percent over the last few years.

 

[Pope]

Just check the assessor website, they are posted

The site is running slow. Everyone must be trying to log on right now. Not surprising.

 

[Pope]

We got our letter from the Polk County assessor today. We own 2 properties. One went up 21.2%. waiting to see how much the other went up.

Looks like our 2nd property also went up about 21%.

 

[bpmdu]

My rentals are up 80k from 220k, 60k from 200k, and (my favorite) 68k on a 150k house that I literally bought in Feb 2023 for 148k. The appraisal for that house came in at 160k MAX in Feb 2023 but Linn county says it is 218k. I will be contesting all three immediately.

 

[ianoconnor]

Mine went up 25% from what we bought it for June 2021. I've already researched comps within a mile radius and have an informal review email scheduled to go out 8am Monday.