Property Tax Increase

Discussion in 'Real Estate' started by spierceisu, Mar 25, 2019.

  1. Gonzo

    Gonzo Well-Known Member

    Mar 10, 2009
    11,466
    1,989
    113
    Behind you
    Ratings:
    +8,120 / 539 / -60
    My assessed land value going up 62%. Awesome.
     
  2. Remo Gaggi

    Remo Gaggi Active Member

    Aug 28, 2018
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    Ratings:
    +1,162 / 85 / -32
    Here in West Des Moines, all of the schools are either relatively new or have been heavily remodeled in the past 10-15 years. It makes you wonder what else they have to spend money on. Here's one thing for example. They spent millions on building a new stadium, track and field turf, when they already had a perfectly fine stadium before. I'm referring to the one next to the school, not the big football stadium a few miles away. Just seems like they get used to receiving a lot of money every year and need to find ways to spend it.
     
  3. ArgentCy

    ArgentCy Well-Known Member
    SuperFanatic

    Jan 13, 2010
    18,713
    1,221
    113
    Male
    Ratings:
    +12,045 / 2,895 / -1,766
    Going to considered myself lucky with the assessed value only going up 4%. Of course our market sucks and hasn't really changed but I've made enough improvements and I will be looking to sell the house probably pretty soon.
     
  4. CloneGuy8

    CloneGuy8 Well-Known Member

    Mar 20, 2017
    5,247
    2,472
    113
    Ratings:
    +9,541 / 244 / -2
    Mine went up about 10%. However, its now pretty much in line for what my house would sell for so I don't have a big problem with it
     
  5. JerseyGirl

    JerseyGirl Member

    Jun 12, 2013
    94
    7
    8
    Female
    public sector
    Central Iowa
    Ratings:
    +46 / 1 / -0
    The new Jail opened in 2007 and the County bonded for that, then. There have been other properties they have bonded for in the last decade.
     
  6. Gonzo

    Gonzo Well-Known Member

    Mar 10, 2009
    11,466
    1,989
    113
    Behind you
    Ratings:
    +8,120 / 539 / -60
    My total assessment went up 20%. That includes a finish of a 900ish sq ft basement. Same for me, brings it in line with what it would sell for. Seeing that land value jump so much was a jolt though.
     
  7. CloneGuy8

    CloneGuy8 Well-Known Member

    Mar 20, 2017
    5,247
    2,472
    113
    Ratings:
    +9,541 / 244 / -2
    Yeah, its though on your tax bill when you're used to a lower amount.
     
  8. Clone83

    Clone83 Well-Known Member

    Mar 25, 2006
    4,574
    406
    83
    Ratings:
    +597 / 6 / -2
    Another informative article from the Register:

    Assessment shock: Iowans face sharp increases in home values, Register survey finds

    https://www.desmoinesregister.com/story/money/business/development/2019/04/05/iowa-home-valuations-residential-assessments-property-taxes-appeal-assessor/3374899002/


    And another (linked there) on ag property:

    Farmland assessments decline by as much as 35% in Iowa, but that doesn't mean tax bills will fall

    https://www.desmoinesregister.com/story/money/agriculture/2019/04/05/iowa-farmland-assessments-decline-up-35-percent-agriculture-property-taxes-tax-bill-value-economy/3350678002/
     
  9. Clone83

    Clone83 Well-Known Member

    Mar 25, 2006
    4,574
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    +597 / 6 / -2
    The author of the first article, Kim Norvell, I see is an Omaha native and Iowa State alum. I don’t see the background for the author of the second, Donnelle Eller, but I’ve seen from past articles that she does a great job covering agriculture and related issues.
     
  10. ArgentCy

    ArgentCy Well-Known Member
    SuperFanatic

    Jan 13, 2010
    18,713
    1,221
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    Ratings:
    +12,045 / 2,895 / -1,766
    Would not be fun at Sun Valley Lake and see a $100,000 rise. That is going to hurt badly.
     
  11. CycloneDaddy

    CycloneDaddy Well-Known Member

    Sep 24, 2006
    3,521
    268
    83
    Johnston
    Ratings:
    +1,215 / 59 / -19
    I doubt most people are going to feel bad for folks that have a 2nd home on a lake.
     
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  12. Clone83

    Clone83 Well-Known Member

    Mar 25, 2006
    4,574
    406
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    Ratings:
    +597 / 6 / -2
    #272 Clone83, Apr 6, 2019
    Last edited: Apr 6, 2019
    From my first link just above:
    https://www.desmoinesregister.com/story/money/business/development/2019/04/05/iowa-home-valuations-residential-assessments-property-taxes-appeal-assessor/3374899002/

    You can see where Harrison County is on the map at the link — on the Missouri River, directly west of Des Moines and north of Omaha.

    I’m curious what “a new type of buyer moving into” Harrison County means.

    Harrison County is quite rural, but includes some pretty scenic parts of the Loess Hills. As to the flooded parts, I would guess the wide, flat river bottom land between I-29 and the Missouri River to the west is or was partly flooded, or perhaps moreso soon, and that the rest of the county, generally hilly, is pretty much OK. Wind-blown, the steepest hills are right next to the river bottom to the east, which makes for quite a contrast.

    This topography is apparent in Google Maps.

    DeSoto National Wildlife Refuge is right by the river, with its massive annual migration of geese, as well as a museum for the steamship Bertrand, which sunk in 1865, its cargo largely intact when dug up a century later.

    Harrison County isn’t the closest, but driving down I-29 is an easy commute to Omaha/Council Bluffs from the north — relatively close to downtown Omaha — particularly compared to the western suburbs. Coming down I-29, you can see the tall buildings downtown many miles away across the wide, flat river bottom. Near the end, you round a river bend where the tall buildings (or perhaps, it, the very tallest building), come directly in front of your view just across the river, just a bit more, before you hop a bridge, and are there.

    Prior to going that far south, alternatively, you could take I-680 west off I-29 to other parts of Omaha. Or instead go somewhere in Council Bluffs.

    I would guess the “new type of buyer” includes people with second homes, and possibly more commuters.

    I no longer live near there and would be interested to know what this new development is.
     
  13. somecyguy

    somecyguy Well-Known Member

    Jun 19, 2006
    1,569
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    +1,387 / 34 / -1
    This will probably attract some comment. Insightful piece on state tax distribution.

     
  14. ScottyP

    ScottyP Active Member

    Jan 24, 2007
    626
    56
    28
    Urbandale, IA via Ogden
    Ratings:
    +384 / 22 / -0
    Would be interesting to see how this compares to other states.
     
  15. somecyguy

    somecyguy Well-Known Member

    Jun 19, 2006
    1,569
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    Ratings:
    +1,387 / 34 / -1
    I would be interested in that comparison too.
     
  16. ArgentCy

    ArgentCy Well-Known Member
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    Jan 13, 2010
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  17. ArgentCy

    ArgentCy Well-Known Member
    SuperFanatic

    Jan 13, 2010
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    I've run into a County Assessor who is out of control. Refusing to do their job and just sticking it to the rich folk who buy homes near a lake. Not much the home owners can do. There is a state appeal but I have no idea how difficult or successful that process could be.

    However, there is a bill that appears to have gone through both the House and the Senate. The Very important part of this bill is requiring a 2/3 vote as that is difficult to get.

    https://www.kcci.com/article/bill-limiting-property-tax-hikes-clears-iowa-legislature/27270042
     
  18. isufbcurt

    isufbcurt Well-Known Member

    Apr 21, 2006
    15,396
    3,171
    113
    Male
    CPA
    Newton
    Ratings:
    +15,332 / 672 / -7
    I don't believe you. This thing had to increase at least 10%. That's a mansion in Ottumwa.

    shanty.jpg
     
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  19. EnhancedFujita

    EnhancedFujita Well-Known Member

    Jan 28, 2013
    1,770
    365
    83
    Male
    Johnston
    Ratings:
    +1,089 / 9 / -0
    That House and Senate bill is a terrible idea and does absolutely nothing to lower property taxes. It just sets up City's and County's to fail in the future. But I wouldn't expect anything else from our GOP controlled government.
     
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  20. Trice

    Trice Well-Known Member

    Apr 1, 2010
    1,762
    236
    63
    Ankeny, Iowa
    Ratings:
    +1,207 / 40 / -1
    Pity those poor folks whose increased property taxes on their second homes will be offset multiple times over by their income tax reductions at both the federal and state levels.
     

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