Just wait until everyones property taxes jump up in the next six-twelve months. Even if you did not buy or sell a home in the last couple of years you will be affected by the housing market of the last few years. Your home is likely to be assessed at a higher value because of recent comparable sales meaning a higher tax bill. Property taxes in Iowa are in arrears so higher bills are still coming. The amount of your total payment on your home does matter and is used to determine any amount of financing you qualify for. So two components of your PITI calculation (principal, interest, insurance and taxes) will go up without any control by you. Doesn’t affect those that already have a loan, but will drive down the amount of a loan that new buyers will be able to achieve going forward.
They lowered the property tax rate to pass an increase in sales tax. Of course they are going to jack up your valuation. Was a great slight of hand trick to increase taxes on everyone....