Sadly, this is also going to trickle down to renters, if you rent a home, expect your rent to go up. Everyone loses.
Property Taxes - Polk County
- Thread starter AgronAlum
- Start date
- Status
Bremer County, +100k or 23%. The compounding impacts of inflation. Government needs to rein in its scope of services versus further expansion, starting at the federal level, given government is unchecked regards to efficiency before it’s too late and our society is equitable poor. Current trends are not sustainable and hoping we see a majority of citizens wake up to our new reality.
This depends on the landlord for sure.
Landlords who are already charging as high as the market will bear won't be able to increase rent any more just because their costs went up. Landlords who are below what they could charge in the market and increase their rent at a slower pace will be likely to pass the property tax increase along.
No reason to be so dramatic about it. At any rate, I hope to not be a resident of this state much longer anyway.
Make sure you move to a place that has progressive income taxes and doesn't have 40% of it's state living in rural poverty and you'll be just fine.
Thought that taxes could not go up more than 11% over two years. So if your assessment increases 11%+, then your rate should decrease. Unless they vote to add a new tax. I’m not 100% certain but was thinking that this was the rules
- Jun 20, 2006
- 38,264
- 22,535
- 113
Thank you for the honest replies. The local gov’t needs funding, and one source has been decreasing. So, it was understandable that sources they control would be increased. It sucks…and frustrating.
Curious what your total tax bill is and assessed value for comparison to my situation in Iliinois. You tell me I'll tell you.
Houses are supposed to be assessed at FMV, so it shouldn’t be crazy to have houses at that level.
- Jun 20, 2006
- 38,264
- 22,535
- 113
The state will issue rollbacks this fall. This is an assessment not an increase in property taxes. Schools, townships, cities, counties, ag extension, etc. ask for the money. Not the Assessor. If everyone's valuation in similar properties go up, so will the person who owns the similar property, in your county. These increases are big this year. The controlling boards that ask for the tax dollars are the ones to complain to against higher taxes, not your Assessor. If your valuation is out of line with similar properties in your county then a protest to the Assessor may be called for. Inflation will may cripple local governments if no allowed to adjust their tax asking. If the local government is wasting then let them know. This is not on the Assessor. The valuations will be used for the tax bills being collected in the fall of 2024. Not this year. The rollbacks will be issued to the county Auditors this fall to complete the valuation process. Then the taxes will be levied in the 2024 calendar year.
Shouldn't be.
The Assessors have rules they must follow on assessment this is not a planned thing where someone says "we have to raise assessments" The Assessor is governed by a conference board not the County or City and that board has absolutely no say in how much to assess properties. People need to know this.
Last edited:
If an a County goes up (or down) more than state averages. The state may equilize the taxes in that county or city.
Sounnds like a guy on welfare which I'm also paying for. mine went up 92K. Nothing like increaseing taxes during a down economy and pending recession.
Yep. 5 years ago apartment buildings were assessed at the same percentage as commercial properties 90% of value, Now the state has dropped their rollback to the same percentage as whatever residential ( your homes) is. This year around 53% or so. This percentage of rollback for commercial and residential wont be published by the state until this fall.
Last edited:
- Status
