ASSESSOR'S OFFICE
FAYETTE COUNTY

    Click on this link to view properties in Fayette County:  Beacon:Online GIS Web Service

                                       What are the Assessor's duties:
    The assessor in Iowa is charged with several administrative and statutory duties; the primary
    duty and responsibility is to cause to be assessed all real property within her/his jurisdiction
    except that which is otherwise provided by law. This would include residential, commercial,
    industrial, and agricultural classes of property.  Real property is revalued every two years.  
    The effective date of the assessment is January 1st of each year.  The assessor determines a
    full or partial value of new construction, or improvements depending upon the amount of the
    new construction, or improvements completed as of January 1st.

                                       Property Owner's Legal Responsibility:
    It is your legal responsibility to report to the Assessor changes or improvements to your real
    estate.  441.24 (1) Code of Iowa provides:

    If a person refuses to furnish the verified statements required in connection with the
    assessment of property by the assessor, or to list the corporation's or person's property, the
    director of revenue and finance or assessor, as the case may be, shall proceed to list and
    assess the property according to the best information obtainable and shall add to the taxable
    valuation one hundred percent thereof, which valuation and penalty shall be separately shown,
    and shall constitute the assessment; and if the valuation of the property is changed by a board
    of review or on appeal from a board of review, a like penalty shall be added to the valuation
    thus fixed.

    There are many things you should report to your local assessor like:
       *New buildings
       *Buildings removed, torn down or damaged by fire or flood
       *Remodeling (interior and exterior)
       *Additions to house or buildings
       *New furnace/central air
       *Mobile homes
       *Fireplaces
       *Basement or attic finish
       *Decks, patios, and garages

    Please call the assessor's office to report any changes to your property.  Your cooperation will
    be greatly appreciated.

                                       General Misconceptions About the Assessor's Work:
    The Assessor DOES NOT:  *collect taxes
                                              *calculate taxes
                                              *determine tax rate
                                              *set policy for Board of Review
                                                       

    The Assessor is concerned with value, not taxes.  Taxing jurisdictions such as schools, cities
    and townships, adopt budgets after public hearings.  This determines the tax levy, which is the
    rate of taxation required to raise the money budgeted.  The taxes you pay are proportionate to
    the value of your property compared to the total value of the taxing district in which your
    property is located.

                                       General Information About the Assessor:
    Assessor's in Iowa are appointed to their position by a Conference Board consisting of the
    members of the Board of Supervisors, the Mayors of all incorporated cities and a member from
    each school district within the jurisdiction.  A city with a population of ten thousand or more
    may elect to have their own assessor.  Assessor's are required, by statute, to pass a state
    examination and complete a Continuing Education Program consisting of 150 hours of formal
    classroom instruction with 90 of those hours being tested hours and a passing grade of 70%
    attained.  The latter requirement must be met in order for the assessor to be reappointed to the
    position every six years.  The Deputy Assessor also must pass a state examination as well as
    complete 90 hours of classroom instruction of which at least 60 hours are tested. The
    Conference Board approves and adopts the assessor's budget annually after a public hearing.
    The assessor is limited, by statute, depending upon the value of the jurisdiction, to a levy
    limitation for the assessor's office budget.

                                       How does the Assessor Estimate Market Value?
    To estimate the market value of your property, the Assessor generally uses three approaches.  
    The first approach is to find properties that are comparable to yours which have sold recently.  
    Local conditions peculiar to your property are taken into consideration.  The assessor also
    uses sales ratio studies to determine the general level of assessment in a community, in order
    to adjust for local conditions.  This method is generally referred to as the MARKET
    APPROACH and usually considered the most important in determining the value of residential
    property.  The second approach is the COST APPROACH and is an estimate of how many
    dollars at current labor and material prices it would take to replace your property with one
    similar to it.  In the event improvement is not new appropriate amounts for depreciation and
    obsolescence would be deducted from replacement value.  Value of the land then would be
    added to arrive to the total estimate of value.  The INCOME APPROACH is the third method
    used if your property produces income such as an apartment or office building.  In that case,
    your property could be valued according to its ability to produce income under prudent
    management; in other words, what another investor would give for a property in order to gain
    its income.  The income approach is the most complex of the three approaches because of the
    research, information and analysis, necessary for an accurate estimate of value.  This method
    requires thorough knowledge of local and national financial conditions, as well as any
    developmental trends in the area of the subject properly being appraised since errors or
    inaccurate information can seriously affect the final estimate of value.


                                       Why do values change?
    State law requires that all real property be reassessed every two years. The current law
    requires the reassessment to occur in odd numbered years. Changes in market value as
    indicated by research, sales ratio studies arid analysis of local conditions as well as economic
    trends both in and outside the construction industry are used in determining your assessment.

    If you disagree with the assessor's estimate of value, please consider these two questions
    before proceeding, as outlined below:

    1. What is the actual market value of my property?

    2. How does the value compare to similar properties in the neighborhood?

    A. If you have any questions about the assessment of your property, feel free to come in and
    discuss it with the assessor.

    B. You may file a written protest with the Board of Review which is composed of three or five
    members from various areas of the assessing jurisdiction. The Board operates independently
    of the assessor's office, and has the power to confirm or to adjust either upward or downward
    any assessment.

    C. If you are not satisfied with the decision of the Board of Review you may appeal to district
    court within twenty days after adjournment of said Board, or twenty days after May 31st
    whichever is the latest.


                                       Tax Levies and Assessed Values:
    There are a number of different taxing districts in a jurisdiction, each with a different levy. Each
    year the County Auditor determines for that district a levy that will yield enough money to pay
    for schools, police and fire protection, road maintenance and other services budgeted for in
    that area. The tax levy is applied to each $1,000 of a property's taxable value. The value
    determined by the assessor is the assessed value and is the value indicated on the
    assessment roll. The taxable value is the value determined by the auditor after application of
    state-ordered "rollback" percentages for the various classes of property and is the value
    indicated on the tax statement. When comparing the value of your property with other
    properties always compare with the value on the assessment roll or the assessor's property
    record cards and not the value indicated on the tax statement.


                                       Exemptions and Credits:
    Iowa law provides for a number of exemptions and credits, including Homestead Credit and
    Military Exemption. It is the property owner's responsibility to apply for these as provided by
    law.
    If the property you were occupying as a homestead is sold, or if you cease to use the property
    as a homestead you are required to report this to the assessor in whose jurisdiction the
    property is located.

                                        Important Dates to Remember:       
    *January 1- Effective date of current assessment.
    *April 7 thru May 5 inclusive- Protest of assessment period for filing with the local
    Board of Review.
    *May 1 thru adjournment- Board of Review meets each year.
    *July 1- Filing deadline for new Homestead Credit and Military Exemption applications.
    *July 1 through October 15- File applications for Family Farm Credit
    *October 16 through October 25 inclusive- Protest period for filing with Board of
    Review on those properties affected by changes in value as a result of the Director of
    Revenue and Finance Equalization Orders (odd numbered years).

                                Things to Remember:
    *Assessed value and taxable value are not synonymous terms.
    *Property is assessed as of January 1st.
    *Property is reassessed every two years.
    *Taxes are levied on a value determined by the auditor by applying a "roll back"
    percentage to the assessed value and deducting any applicable exemptions or
    credits.  The "roll back" percentages vary each year.

    On values determined as of January 1st, those values do not result in a tax bill until
    eighteen months later.  The "roll back" is the percentage of actual value that is
    determined by the Director of Revenue and Finance each year on the several classes
    of property where the total value increase STATEWIDE, exceeds 4% for each class
    of property.  The percentage so determined by the Director of Revenue and Finance
    is certified to and applied by the local county auditor to all property in each class
    effected throughout the State.  Percentages determined by the Director of Revenue
    and Finance are the same for all the assessing jurisdictions in the State.

    Increases in assessed value of individual parcels of property as determined by the
    assessor, may exceed 4% within a jurisdiction.  Agricultural property, except
    agricultural dwellings, are assessed on the basis of productivity and net earning
    capacity using a five-year crop average and capitalized at a rate set by the
    Legislature.  The rate is currently 7%.  Tentative and final equalization orders are
    issued by the Director of Revenue and Finance in odd numbered years on or about
    August 15th, and October 1st respectively.  The orders are sent to the various county
    auditors who apply them to the classes of property affected, if any.

                          IOWA PROPERTY TAX ASSESSMENT CYCLE



























    Questions relating to taxes should be addressed to the Fayette County Treasurer.
Welcome to Fayette County, Iowa!
The official web site of Fayette County Government.
Published by the Fayette County Supervisors.
Fayette County Courthouse - Phone 563-422-3397
114 North Vine Street - West Union, Iowa 52175
Return to Fayette County Home Page

Assessor's Office Staff:

Ali Manson
Assessor

Richard Buenneke
Appraiser

Jill Hubbell
Administrative Assistant/GIS Clerk

Deb Luhman
Office Manager

Bonnie Halverson
Administrative Assistant

Office Hours: 8:00 am-4:00 pm
Monday through Friday

 Assessor's Office Forms:


Board of Review Petition


Business Property Tax Credit


Charitable & Nonprofit Claim For
Property Tax Exemption


Family Farm Tax Credit


Forest or Fruit Tree Reservation


Geothermal Property Tax Exemption


Grain Tax Return


Historic Property Rehabilitation Tax
Exemption

Homestead Credit

Impoundment Exemption


Industrial Property Tax Exemption


Iowa Barn & One-Room School
House Preservation


Iowa Manufactured Home
Community or Mobile Home Storm
Shelter Exemption


Methane Gas Conversion Property
Tax Exemption

Military Exemption

Native Prairie & Wetlands Exemption


Pollution Control & Recycling
Property Exemption
                      
Other Links:


Iowa Department of Revenue


Iowa State Association of Assessors


Iowa State Association of Counties
(ISAC)


Iowa Code


Iowa Administrative Code


Property Assessment Appeal Board
    2015 Assessed Values will
    be payable 2016-2017

    2014 Assessed Values will
    be payable 2015-2016

    2013 Assessed Values will
    be payable 2014-2015
    For assessment year 2015,
    there will be a new class of
    property in Iowa, called
    "multiresidential".   To learn
    more about the new class of
    property please read the
    Senate File 295 pamphlet.
1.
January 1
Assessment date
2.
April 15
Assessors complete assessments and notify taxpayers.
3.
April 7 - May 5
Taxpayers may appeal to local boards of review.
4.
May 1 - May 31
Local boards of review consider appeals.  This time may be extended to July 15 by the Iowa
Department of Revenue Director.
5.
June 15
Local boards of review submit reports to Director.
6.
July 1
Assessors submit abstracts of the assessments to the Director.
7.
August 15
The Director issues tentative equalization orders to county auditors.
8.
September
The Director holds equalization hearings, which are held for public input.
9.
October 1
The Director issues final equalization orders to county auditors.
10.
October 2 - 12
Assessing jurisdictions may apply for alternative methods of implementing equalization orders.
11.
October 2 - 15
The county auditor publishes notices of final equalization order.
12.
October 15 -
November 15
Local boards of review meet to hear equalization protests.
13.
October 16 - 25
Taxpayers may protest the final equalization order to the local boards of review.
14.
November 1
The Director certifies assessment limitation percentages to county auditors.
15.
November 15
Local boards of review submit a report about the equalization protests to the Department.
16.
December 1 -
February 28
The taxing authorities adopt the budgets based on the valuations.
17.
March 1
The county board of supervisors levies the taxes.
18.
July 1
The county treasurer receives authorization to collect taxes.
19.
September 30
First half of taxes are due.
20.
March 31
Second half of taxes are due.
Assessment
News
Beginning with the 2015 assessment
year, Fayette County will be switching
from CSR to CSR2 to value agricultural
land.  For more information please
click on the link below.

Fayette County CSR & CSR2 Information