2011 FINAL EQUALIZATION ORDER
Pursuant to Iowa Code Section 441.49, the Director of Revenue and Finance of the State of Iowa has ordered the following final percentage adjustment to be made to the 2011 valuations of real property in Benton County.
CLASS OF PROPERTY Percentage Adjustment to
Reported 2011 Actual Values
Agricultural Land and Structures, excluding
Residential Dwellings on Agricultural Realty, NO ADJUSTMENT
Outside and Within Incorporated Cities
Residential Realty, including Residential
Dwellings on Agricultural Realty, Outside
NO ADJUSTMENT
and Within Incorporated Cities
Commercial Realty, Excluding Machinery and
Equipment referred to in Chapter 427A,
NO ADJUSTMENT
Outside and Within Incorporated Cities
THE COUNTY AUDITOR SHALL ADJUST THE VARIOUS CLASSES OF PROPERTY IN THE COUNTY ACCORDING TO THE ABOVE FORMULA AS DIRECTED BY THE DIRECTOR OF REVENUE AND FINANCE OF THE STATE OF IOWA FOR THE 2011 VALUATIONS.
ASSESSED VALUES ARE EQUALIZED BY THE DEPARTMENT OF REVENUE AND FINANCE EVERY TWO YEARS. LOCAL TAXING AUTHORITIES DETERMINE THE FINAL TAX LEVIES AND MAY REDUCE PROPERTY TAX RATES TO COMPENSATE FOR ANY INCREASE IN VALUATION DUE TO EQUALIZATION.
JILL MARLOW
BENTON COUNTY AUDITOR
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