Why Values Change, Notification and Appeal
After properties have been appraised, the values are analyzed to ensure accurate and equitable assessments. Iowa 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 and analysis of local conditions as well as economic trends both in and outside the construction industry are used in determining property assessments.
If you disagree with the Assessor’s estimate of value, please consider these two questions:
1. What is the actual market value of my property?
2. How does the value compare to similar properties in the neighborhood?
If you have any questions about the assessment of your property, please contact my office.
A written protest may be filed with the Black Hawk County Board of Review which is composed of five individuals from various areas of the county who are familiar with local market conditions and trends. The Board operates independently of the Assessor’s office and has the power to confirm or to adjust upward or downward any assessment. An individual may petition the Iowa Property Assessment Appeal Board or the district court if they are not satisfied with the Board of Review’s decision.