How is Taxable Value calculated?
Taxable Value for most property is calculated by multiplying the Rollback Rate for the correct property class by the equalized 100% Actual Value. Taxable Value for gas & electric utility property is calculated by the Iowa Department of Revenue. One exception is agricultural land within an incorporated city. City ag land is subject to a different Tax Levy Rate limit than other Property classes within a city, and ag land parcels are assigned to a separate city ag Tax District. The result is that the various ag parcels within a city ag Tax District do not have to be geographically contiguous. For more information, please call the Auditor's Office at 563-245-1106.

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1. Does the assessor set the value for all real estate property?
2. What does it mean that 100% Actual Value is “equalized”?
3. How does the Iowa Department of Revenue know when an assessor’s 100% Actual Values are not sufficiently accurate?
4. What is Taxable Value?
5. What is the Rollback Rate?
6. How is Taxable Value calculated?