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Why Does My Value Change?
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 2 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 2 questions:
Written Protest
A written protest may be filed with the Floyd County Board of Review which is composed of 5 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 to district court if they are not satisfied with the Board of Review's decision.
If you disagree with the Assessor's estimate of value, please consider these 2 questions:
- What is the actual market value of my property?
- How does the value compare to similar properties in the neighborhood?
Written Protest
A written protest may be filed with the Floyd County Board of Review which is composed of 5 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 to district court if they are not satisfied with the Board of Review's decision.