Iowa county assessors brace for homeowner tax protests - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa county assessors brace for homeowner tax protests

DES MOINES (KWWL) -- Iowa's housing market is doing better than most of the nation and that has state County assessors bracing for an onslaught of protests over property taxes.

Homeowners in most parts of the state have seen their homes increase in value in the past two years. This spring's new assessed values will be used to help determine property taxes, starting in the 2010 and 2011 budget years.

Dale Hyman of the Iowa Department of Revenue says in two-thirds of Iowa's counties, the gap between the median sale prices of homes and their assessed values was within 5% in 2008.

In 33 counties, the sales prices were more than 5% higher. Winnebago County was the only county were sales prices were more than 5% less.

Online Producer:  JJ Murray

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