SPECIAL EQUALIZATION SESSION
Iowa Code Section 441.49 provides that the Director of
Revenue
issue final equalization orders by October 1 of each odd-numbered year.
Any property owner who is dissatisfied with his or her
assessment as a result of the Director's equalization order may protest
such assessment to
the local board of review.
It is the responsibility of the property owner to present
facts to the
board of review indicating that the application of the equalization
order
results in an assessed value greater than is authorized by Section
441.21
of the Iowa Code. This portion of the Iowa Code stipulates that all
property,
except agricultural realty, be assessed at "market" value. Agricultural
property is to be assessed according to its productivity and net
earning
capacity.
This petition to
the board of
review is to be completed and submitted to the board of review from
October 16 through November 4 of the year in which the equalization
order
is issued.
An additional document explains Rules of Procedure for this
special session.
