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ASSESSMENT AND VALUATION OF PROPERTY, §441.21
441.21 Actual, assessed, and taxable value.
1. a. All property subject to taxation shall be valued at its actual value which shall be
entered opposite each item, and, except as otherwise provided in this section, shall be
assessed at one hundred percent of its actual value, and the value so assessed shall be taken
and considered as the assessed value and taxable value of the property upon which the levy
shall be made.
b. (1) The actual value of all property subject to assessment and taxation shall be
the fair and reasonable market value of such property except as otherwise provided in
this section. “Market value” is defined as the fair and reasonable exchange in the year
in which the property is listed and valued between a willing buyer and a willing seller,
neither being under any compulsion to buy or sell and each being familiar with all the facts
relating to the particular property. Sale prices of the property or comparable property in
normal transactions reflecting market value, and the probable availability or unavailability
of persons interested in purchasing the property, shall be taken into consideration in
arriving at its market value. In arriving at market value, sale prices of property in abnormal
transactions not reflecting market value shall not be taken into account, or shall be adjusted
to eliminate the effect of factors which distort market value, including but not limited to sales
to immediate family of the seller, foreclosure or other forced sales, contract sales, discounted
purchase transactions or purchase of adjoining land or other land to be operated as a unit.
(2) The actual value of special purpose tooling, which is subject to assessment and
taxation as real property under section 427A.1, subsection 1, paragraph “e”, but which can
be used only to manufacture property which is protected by one or more United States or
foreign patents, shall not exceed the fair and reasonable exchange value between a willing
buyer and a willing seller, assuming that the willing buyer is purchasing only the special
purpose tooling and not the patent covering the property which the special purpose tooling is
designed to manufacture nor the rights to manufacture the patented property. For purposes
of this subparagraph, special purpose tooling includes dies, jigs, fixtures, molds, patterns,
and similar property. The assessor shall not take into consideration the special value or use
value to the present owner of the special purpose tooling which is designed and intended
solely for the manufacture of property protected by a patent in arriving at the actual value
of the special purpose tooling.
c. In assessing and determining the actual value of special purpose industrial property
having an actual value of five million dollars or more, the assessor shall equalize the values of
such property with the actual values of other comparable special purpose industrial property
in other counties of the state. Such special purpose industrial property includes, but is not
limited to chemical plants. If a variation of ten percent or more exists between the actual
values of comparable industrial property having an actual value of five million dollars or more
located in separate counties, the assessors of the counties shall consult with each other and
with the department of revenue to determine if adequate reasons exist for the variation. If no
adequate reasons exist, the assessors shall make adjustments in the actual values to provide
for a variation of ten percent or less. For the purposes of this paragraph, special purpose
industrial property includes structures which are designed and erected for operation of a
unique and special use, are not rentable in existing condition, and are incapable of conversion
to ordinary commercial or industrial use except at a substantial cost.
d. Actual value of property in one assessing jurisdiction shall be equalized as compared
with actual value of property in an adjoining assessing jurisdiction. If a variation of five
percent or more exists between the actual values of similar, closely adjacent property in
adjoining assessing jurisdictions in Iowa, the assessors thereof shall determine whether
adequate reasons exist for such variation. If no such reasons exist, the assessors shall make
adjustments in such actual values to reduce the variation to five percent or less.
e. The actual value of agricultural property shall be determined on the basis of productivity
and net earning capacity of the property determined on the basis of its use for agricultural
purposes capitalized at a rate of seven percent and applied uniformly among counties and
among classes of property. Any formula or method employed to determine productivity and
net earning capacity of property shall be adopted in full by rule.
f. In counties or townships in which field work on a modern soil survey has been completed
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since January 1, 1949, the assessor shall place emphasis upon the results of the survey in
spreading the valuation among individual parcels of such agricultural property.
g. Notwithstanding any other provision of this section, the actual value of any property
shall not exceed its fair and reasonable market value, except agricultural property which shall
be valued exclusively as provided in paragraph “e” of this subsection.
h. The assessor shall determine the value of real property in accordance with rules
adopted by the department of revenue and in accordance with forms and guidelines contained
in the real property appraisal manual prepared by the department as updated from time to
time. Such rules, forms, and guidelines shall not be inconsistent with or change the means,
as provided in this section, of determining the actual, market, taxable, and assessed values.
i. (1) If the department finds that a city or county assessor is not in compliance with
the rules of the department relating to valuation of property or has disregarded the forms
and guidelines contained in the real property appraisal manual, the department shall notify
the assessor and each member of the conference board for the appropriate assessing
jurisdiction. The notice shall be mailed by restricted certified mail. The notice shall specify
the areas of noncompliance and the steps necessary to achieve compliance. The notice shall
also inform the assessor and conference board that if compliance is not achieved, a penalty
may be imposed.
(2) The conference board shall respond to the department within thirty days of receipt of
the notice of noncompliance. The conference board may respond to the notice by asserting
that the assessor is in compliance with the rules, guidelines, and forms of the department or
by informing the department that the conference board intends to submit a plan of action to
achieve compliance. If the conference board responds to the notification by asserting that
the assessor is in compliance, a hearing before the director of revenue shall be scheduled on
the matter. Judicial review of the decision of the director of revenue may be sought by the
conference board in accordance with chapter 17A.
(3) A plan of action shall be submitted within sixty days of receipt of the notice of
noncompliance. The plan shall contain a time frame under which compliance shall be
achieved which shall be no later than January 1 of the following assessment year. The plan
of action shall contain the signature of the assessor and of the chairperson of the conference
board. The department shall review the plan to determine whether the plan is sufficient to
achieve compliance. Within thirty days of receipt of the plan, the department shall notify the
assessor and the chairperson of the conference board that it has accepted the plan or that it
is necessary to submit an amended plan of action.
(4) By January 1 of the assessment year following the calendar year in which the plan was
submitted to the department, the conference board shall submit a report to the department
indicating that the plan of action was followed and compliance has been achieved. The
department may conduct a field inspection to ensure that the assessor is in compliance. By
January 31, the department shall notify the assessor and the conference board, by restricted
certified mail, either that compliance has been achieved or that the assessor remains in
noncompliance. If the department determines that the assessor remains in noncompliance,
the department shall take steps to withhold up to five percent of the reimbursement payment
authorized in section 425.1 until the department of revenue determines that the assessor is
in compliance.
(5) If the conference board disputes the determination of the department, the chairperson
of the conference board may appeal the determination to the director of revenue within
thirty days from the date of the notice that the assessor remains in noncompliance. The
director of revenue shall grant a hearing, and upon hearing shall determine the correctness
of the department’s determination of noncompliance. The director of revenue shall notify
the conference board of the decision by mail. Judicial review of the decision of the director
of revenue may be sought by the chairperson of the conference board in accordance with
chapter 17A.
(6) The department shall adopt rules relating to the administration of this paragraph “i”.
2. In the event market value of the property being assessed cannot be readily established
in the foregoing manner, then the assessor may determine the value of the property
using the other uniform and recognized appraisal methods including its productive and
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ASSESSMENT AND VALUATION OF PROPERTY, §441.21
earning capacity, if any, industrial conditions, its cost, physical and functional depreciation
and obsolescence and replacement cost, and all other factors which would assist in
determining the fair and reasonable market value of the property but the actual value shall
not be determined by use of only one such factor. The following shall not be taken into
consideration: Special value or use value of the property to its present owner, and the
goodwill or value of a business which uses the property as distinguished from the value
of the property as property. However, in assessing property that is rented or leased to
low-income individuals and families as authorized by section 42 of the Internal Revenue
Code, as amended, and which section limits the amount that the individual or family pays
for the rental or lease of units in the property, the assessor shall, unless the owner elects
to withdraw the property from the assessment procedures for section 42 property, use the
productive and earning capacity from the actual rents received as a method of appraisal
and shall take into account the extent to which that use and limitation reduces the market
value of the property. The assessor shall not consider any tax credit equity or other
subsidized financing as income provided to the property in determining the assessed value.
The property owner shall notify the assessor when property is withdrawn from section 42
eligibility under the Internal Revenue Code or if the owner elects to withdraw the property
from the assessment procedures for section 42 property under this subsection. The property
shall not be subject to section 42 assessment procedures for the assessment year for which
section 42 eligibility is withdrawn or an election is made. This notification must be provided
to the assessor no later than March 1 of the assessment year or the owner will be subject to a
penalty of five hundred dollars for that assessment year. The penalty shall be collected at the
same time and in the same manner as regular property taxes. An election to withdraw from
the assessment procedures for section 42 property is irrevocable. Property that is withdrawn
from the assessment procedures for section 42 property shall be classified and assessed
as multiresidential property unless the property otherwise fails to meet the requirements
of section 441.21, subsection 13. Upon adoption of uniform rules by the department of
revenue or succeeding authority covering assessments and valuations of such properties,
the valuation on such properties shall be determined in accordance with such rules and
in accordance with forms and guidelines contained in the real property appraisal manual
prepared by the department as updated from time to time for assessment purposes to assure
uniformity, but such rules, forms, and guidelines shall not be inconsistent with or change
the foregoing means of determining the actual, market, taxable and assessed values.
3. a. “Actual value”, “taxable value”, or “assessed value” as used in other sections of
the Code in relation to assessment of property for taxation shall mean the valuations as
determined by this section; however, other provisions of the Code providing special methods
or formulas for assessing or valuing specified property shall remain in effect, but this
section shall be applicable to the extent consistent with such provisions. The assessor and
department of revenue shall disclose at the written request of the taxpayer all information
in any formula or method used to determine the actual value of the taxpayer’s property.
b. The burden of proof shall be upon any complainant attacking such valuation as
excessive, inadequate, inequitable, or capricious; however, in protest or appeal proceedings
when the complainant offers competent evidence by at least two disinterested witnesses that
the market value of the property is less than the market value determined by the assessor,
the burden of proof thereafter shall be upon the officials or persons seeking to uphold such
valuation to be assessed.
4. For valuations established as of January 1, 1979, the percentage of actual value at
which agricultural and residential property shall be assessed shall be the quotient of the
dividend and divisor as defined in this section. The dividend for each class of property shall
be the dividend as determined for each class of property for valuations established as of
January 1, 1978, adjusted by the product obtained by multiplying the percentage determined
for that year by the amount of any additions or deletions to actual value, excluding those
resulting from the revaluation of existing properties, as reported by the assessors on the
abstracts of assessment for 1978, plus six percent of the amount so determined. However,
if the difference between the dividend so determined for either class of property and the
dividend for that class of property for valuations established as of January 1, 1978, adjusted
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Iowa Code 2017, Section 441.21 (39, 2)
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by the product obtained by multiplying the percentage determined for that year by the
amount of any additions or deletions to actual value, excluding those resulting from the
revaluation of existing properties, as reported by the assessors on the abstracts of assessment
for 1978, is less than six percent, the 1979 dividend for the other class of property shall be
the dividend as determined for that class of property for valuations established as of January
1, 1978, adjusted by the product obtained by multiplying the percentage determined for that
year by the amount of any additions or deletions to actual value, excluding those resulting
from the revaluation of existing properties, as reported by the assessors on the abstracts of
assessment for 1978, plus a percentage of the amount so determined which is equal to the
percentage by which the dividend as determined for the other class of property for valuations
established as of January 1, 1978, adjusted by the product obtained by multiplying the
percentage determined for that year by the amount of any additions or deletions to actual
value, excluding those resulting from the revaluation of existing properties, as reported by
the assessors on the abstracts of assessment for 1978, is increased in arriving at the 1979
dividend for the other class of property. The divisor for each class of property shall be the
total actual value of all such property in the state in the preceding year, as reported by the
assessors on the abstracts of assessment submitted for 1978, plus the amount of value added
to said total actual value by the revaluation of existing properties in 1979 as equalized by
the director of revenue pursuant to section 441.49. The director shall utilize information
reported on abstracts of assessment submitted pursuant to section 441.45 in determining
such percentage. For valuations established as of January 1, 1980, and each assessment year
thereafter beginning before January 1, 2013, the percentage of actual value as equalized by
the director of revenue as provided in section 441.49 at which agricultural and residential
property shall be assessed shall be calculated in accordance with the methods provided in
this subsection, including the limitation of increases in agricultural and residential assessed
values to the percentage increase of the other class of property if the other class increases less
than the allowable limit adjusted to include the applicable and current values as equalized
by the director of revenue, except that any references to six percent in this subsection shall
be four percent. For valuations established as of January 1, 2013, and each assessment year
thereafter, the percentage of actual value as equalized by the department of revenue as
provided in section 441.49 at which agricultural and residential property shall be assessed
shall be calculated in accordance with the methods provided in this subsection, including
the limitation of increases in agricultural and residential assessed values to the percentage
increase of the other class of property if the other class increases less than the allowable
limit adjusted to include the applicable and current values as equalized by the department of
revenue, except that any references to six percent in this subsection shall be three percent.
5. a. For valuations established as of January 1, 1979, property valued by the department
of revenue pursuant to chapters 428, 433, 437, and 438 shall be considered as one class of
property and shall be assessed as a percentage of its actual value. The percentage shall be
determined by the director of revenue in accordance with the provisions of this section.
For valuations established as of January 1, 1979, the percentage shall be the quotient of
the dividend and divisor as defined in this section. The dividend shall be the total actual
valuation established for 1978 by the department of revenue, plus ten percent of the amount
so determined. The divisor for property valued by the department of revenue pursuant
to chapters 428, 433, 437, and 438 shall be the valuation established for 1978, plus the
amount of value added to the total actual value by the revaluation of the property by the
department of revenue as of January 1, 1979. For valuations established as of January 1,
1980, property valued by the department of revenue pursuant to chapters 428, 433, 437, and
438 shall be assessed at a percentage of its actual value. The percentage shall be determined
by the director of revenue in accordance with the provisions of this section. For valuations
established as of January 1, 1980, the percentage shall be the quotient of the dividend and
divisor as defined in this section. The dividend shall be the total actual valuation established
for 1979 by the department of revenue, plus eight percent of the amount so determined. The
divisor for property valued by the department of revenue pursuant to chapters 428, 433, 437,
and 438 shall be the valuation established for 1979, plus the amount of value added to the total
actual value by the revaluation of the property by the department of revenue as of January
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Iowa Code 2017, Section 441.21 (39, 2)
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ASSESSMENT AND VALUATION OF PROPERTY, §441.21
1, 1980. For valuations established as of January 1, 1981, and each year thereafter, the
percentage of actual value at which property valued by the department of revenue pursuant
to chapters 428, 433, 437, and 438 shall be assessed shall be calculated in accordance with
the methods provided herein, except that any references to ten percent in this subsection
shall be eight percent. For valuations established on or after January 1, 2013, property valued
by the department of revenue pursuant to chapter 434 shall be assessed at a percentage
of its actual value equal to the percentage of actual value at which property assessed as
commercial property is assessed under paragraph “b” for the same assessment year.
b. For valuations established on or after January 1, 2013, commercial property, excluding
properties referred to in section 427A.1, subsection 8, shall be assessed at a percentage
of its actual value, as determined in this paragraph “b”. For valuations established for the
assessment year beginning January 1, 2013, the percentage of actual value as equalized by
the department of revenue as provided in section 441.49 at which commercial property shall
be assessed shall be ninety-five percent. For valuations established for the assessment year
beginning January 1, 2014, and each assessment year thereafter, the percentage of actual
value as equalized by the department of revenue as provided in section 441.49 at which
commercial property shall be assessed shall be ninety percent.
c. For valuations established on or after January 1, 2013, industrial property, excluding
properties referred to in section 427A.1, subsection 8, shall be assessed at a percentage
of its actual value, as determined in this paragraph “c”. For valuations established for the
assessment year beginning January 1, 2013, the percentage of actual value as equalized by
the department of revenue as provided in section 441.49 at which industrial property shall
be assessed shall be ninety-five percent. For valuations established for the assessment year
beginning January 1, 2014, and each assessment year thereafter, the percentage of actual
value as equalized by the department of revenue as provided in section 441.49 at which
industrial property shall be assessed shall be ninety percent.
6. Beginning with valuations established as of January 1, 1978, the assessors shall report
the aggregate taxable values and the number of dwellings located on agricultural land and the
aggregate taxable value of all other structures on agricultural land. Beginning with valuations
established as of January 1, 1981, the agricultural dwellings located on agricultural land shall
be valued at their market value as defined in this section and agricultural dwellings shall be
valued as rural residential property and shall be assessed at the same percentage of actual
value as is all other residential property.
7. a. For the purpose of computing the debt limitations for municipalities, political
subdivisions, and school districts, the term “actual value” means the “actual value” as
determined by subsections 1 through 3 without application of any percentage reduction
and entered opposite each item, and as listed on the tax list as provided in section 443.2 as
“actual value”.
b. Whenever any board of review or other tribunal changes the assessed value of property,
all applicable records of assessment shall be adjusted to reflect such change in both assessed
value and actual value of such property.
8. a. Any normal and necessary repairs to a building, not amounting to structural
replacements or modification, shall not increase the taxable value of the building. This
paragraph applies only to repairs of two thousand five hundred dollars or less per building
per year.
b. Notwithstanding paragraph “a”, any construction or installation of a solar energy
system on property classified as agricultural, residential, commercial, multiresidential, or
industrial property shall not increase the actual, assessed, and taxable values of the property
for five full assessment years.
c. As used in this subsection, “solar energy system” means either of the following:
(1) A system of equipment capable of collecting and converting incident solar radiation or
wind energy into thermal, mechanical or electrical energy and transforming these forms of
energy by a separate apparatus to storage or to a point of use which is constructed or installed
after January 1, 1978.
(2) A system that uses the basic design of the building to maximize solar heat gain during
the cold season and to minimize solar heat gain in the hot season and that uses natural means
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Iowa Code 2017, Section 441.21 (39, 2)
§441.21, ASSESSMENT AND VALUATION OF PROPERTY
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to collect, store, and distribute solar energy which is constructed or installed after January 1,
1981.
d. In assessing and valuing the property for tax purposes, the assessor shall disregard
any market value added by a solar energy system to a building. The director of revenue shall
adopt rules, after consultation with the economic development authority, specifying the types
of equipment and structural components to be included under the guidelines provided in this
subsection.
9. Not later than November 1, 1979, and November 1 of each subsequent year, the
director shall certify to the county auditor of each county the percentages of actual value at
which residential property, agricultural property, commercial property, industrial property,
multiresidential property, property valued by the department of revenue pursuant to chapter
434, and property valued by the department of revenue pursuant to chapters 428, 433, 437,
and 438 in each assessing jurisdiction in the county shall be assessed for taxation. The
county auditor shall proceed to determine the assessed values of agricultural property,
residential property, commercial property, industrial property, multiresidential property,
property valued by the department of revenue pursuant to chapter 434, and property valued
by the department of revenue pursuant to chapters 428, 433, 437, and 438 by applying such
percentages to the current actual value of such property, as reported to the county auditor
by the assessor, and the assessed values so determined shall be the taxable values of such
properties upon which the levy shall be made.
10. The percentage of actual value computed by the department of revenue for
agricultural property, residential property, commercial property, industrial property,
multiresidential property, property valued by the department of revenue pursuant to chapter
434, and property valued by the department of revenue pursuant to chapters 428, 433,
437, and 438 and used to determine assessed values of those classes of property does not
constitute a rule as defined in section 17A.2, subsection 11.
11. Beginning with valuations established on or after January 1, 1995, as used in
this section, “residential property” includes all land and buildings of multiple housing
cooperatives organized under chapter 499A and includes land and buildings used primarily
for human habitation which land and buildings are owned and operated by organizations
that have received tax-exempt status under section 501(c)(3) of the Internal Revenue Code
and rental income from the property is not taxed as unrelated business income under section
422.33, subsection 1A.
12. As used in this section, unless the context otherwise requires, “agricultural property”
includes all of the following:
a. Beginning with valuations established on or after January 1, 2002, the real estate of a
vineyard and buildings used in connection with the vineyard, including any building used for
processing wine if such building is located on the same parcel as the vineyard.
b. Beginning with valuations established on or after January 1, 2013, real estate used
directly in the cultivation and production of algae for harvesting as a crop for animal feed,
food, nutritionals, or biofuel production. The real estate must be an enclosed pond or land
containing a photobioreactor.
13. a. (1)
For the assessment year beginning January 1, 2015, mobile home parks,
manufactured home communities, land-leased communities, assisted living facilities,
property primarily used or intended for human habitation containing three or more separate
dwelling units, and that portion of a building that is used or intended for human habitation
and a proportionate share of the land upon which the building is situated, regardless of
the number of dwelling units located in the building, if the use for human habitation is not
the primary use of the building and such building is not otherwise classified as residential
property, shall be valued as a separate class of property known as multiresidential property
and, excluding properties referred to in section 427A.1, subsection 8, shall be assessed at a
percentage of its actual value, as determined in this subsection.
(2) Beginning with valuations established on or after January 1, 2016, all of the following
shall be valued as a separate class of property known as multiresidential property and,
excluding properties referred to in section 427A.1, subsection 8, shall be assessed at a
percentage of its actual value, as determined in this subsection:
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Iowa Code 2017, Section 441.21 (39, 2)
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ASSESSMENT AND VALUATION OF PROPERTY, §441.21
(a) Mobile home parks.
(b) Manufactured home communities.
(c) Land-leased communities.
(d) Assisted living facilities.
(e) A parcel primarily used or intended for human habitation containing three or more
separate dwelling units. If a portion of such a parcel is used or intended for a purpose that,
if the primary use, would be classified as commercial property or industrial property, each
such portion, including a proportionate share of the land included in the parcel, if applicable,
shall be assigned the appropriate classification pursuant to paragraph “c”.
(f) For a parcel that is primarily used or intended for use as commercial property or
industrial property, that portion of the parcel that is used or intended for human habitation,
regardless of the number of dwelling units contained on the parcel, including a proportionate
share of the land included in the parcel, if applicable. The portion of such a parcel used or
intended for use as commercial property or industrial property, including a proportionate
share of the land included in the parcel, if applicable, shall be assigned the appropriate
classification pursuant to paragraph “c”.
b. For valuations established for the assessment year beginning January 1, 2015, the
percentage of actual value as equalized by the department of revenue as provided in section
441.49 at which multiresidential property shall be assessed shall be the greater of eighty-six
and twenty-five hundredths percent or the percentage of actual value determined by the
department of revenue at which property assessed as residential property is assessed for the
same assessment year under subsection 4. For valuations established for the assessment year
beginning January 1, 2016, the percentage of actual value as equalized by the department of
revenue as provided in section 441.49 at which multiresidential property shall be assessed
shall be the greater of eighty-two and five-tenths percent or the percentage of actual value
determined by the department of revenue at which property assessed as residential property
is assessed for the same assessment year under subsection 4. For valuations established for
the assessment year beginning January 1, 2017, the percentage of actual value as equalized
by the department of revenue as provided in section 441.49 at which multiresidential
property shall be assessed shall be the greater of seventy-eight and seventy-five hundredths
percent or the percentage of actual value determined by the department of revenue at which
property assessed as residential property is assessed for the same assessment year under
subsection 4. For valuations established for the assessment year beginning January 1, 2018,
the percentage of actual value as equalized by the department of revenue as provided in
section 441.49 at which multiresidential property shall be assessed shall be the greater
of seventy-five percent or the percentage of actual value determined by the department
of revenue at which property assessed as residential property is assessed for the same
assessment year under subsection 4. For valuations established for the assessment year
beginning January 1, 2019, the percentage of actual value as equalized by the department of
revenue as provided in section 441.49 at which multiresidential property shall be assessed
shall be the greater of seventy-one and twenty-five hundredths percent or the percentage
of actual value determined by the department of revenue at which property assessed as
residential property is assessed for the same assessment year under subsection 4. For
valuations established for the assessment year beginning January 1, 2020, the percentage of
actual value as equalized by the department of revenue as provided in section 441.49 at which
multiresidential property shall be assessed shall be the greater of sixty-seven and five-tenths
percent or the percentage of actual value determined by the department of revenue at
which property assessed as residential property is assessed for the same assessment year
under subsection 4. For valuations established for the assessment year beginning January
1, 2021, the percentage of actual value as equalized by the department of revenue as
provided in section 441.49 at which multiresidential property shall be assessed shall be the
greater of sixty-three and seventy-five hundredths percent or the percentage of actual value
determined by the department of revenue at which property assessed as residential property
is assessed for the same assessment year under subsection 4. For valuations established for
the assessment year beginning January 1, 2022, and each assessment year thereafter, the
percentage of actual value as equalized by the department of revenue as provided in section
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Iowa Code 2017, Section 441.21 (39, 2)
§441.21, ASSESSMENT AND VALUATION OF PROPERTY
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441.49 at which multiresidential property shall be assessed shall be equal to the percentage
of actual value determined by the department of revenue at which property assessed as
residential property is assessed under subsection 4 for the same assessment year.
c. (1) For the assessment year beginning January 1, 2015, for parcels that, in part, satisfy
the requirements for classification as multiresidential property, the assessor shall assign to
that portion of the parcel the classification of multiresidential property and to such other
portions of the parcel the property classification for which such other portions qualify.
(2) Beginning with valuations established on or after January 1, 2016, for parcels for
which a portion of the parcel satisfies the requirements for classification as multiresidential
property pursuant to paragraph “a”, subparagraph (2), subparagraph division (e) or (f), the
assessor shall assign to that portion of the parcel the classification of multiresidential property
and to such other portions of the parcel the property classification for which such other
portions qualify.
d. Property that is rented or leased to low-income individuals and families as authorized
by section 42 of the Internal Revenue Code, and that has not been withdrawn from section
42 assessment procedures under subsection 2 of this section, or a hotel, motel, inn, or other
building where rooms or dwelling units are usually rented for less than one month shall not
be classified as multiresidential property under this subsection.
e. As used in this subsection:
(1) “Assisted living facility” means property for providing assisted living as defined in
section 231C.2. “Assisted living facility” also includes a health care facility, as defined in
section 135C.1, an elder group home, as defined in section 231B.1, a child foster care facility
under chapter 237, or property used for a hospice program as defined in section 135J.1.
(2) “Dwelling unit” means an apartment, group of rooms, or single room which is occupied
as separate living quarters or, if vacant, is intended for occupancy as separate living quarters,
in which a tenant can live and sleep separately from any other persons in the building.
(3) “Land-leased community” means the same as defined in sections 335.30A and 414.28A.
(4) “Manufactured home community” means the same as a land-leased community.
(5) “Mobile home park” means the same as defined in section 435.1.
[C97, §1305; S13, §1305; C24, 27, 31, 35, 39, §7109; C46, §441.4; C50, 54, 58, §441.13; C62,
66, 71, 73, 75, 77, 79, 81, §441.21; 81 Acts, ch 144, §1; 82 Acts, ch 1100, §22, ch 1159, §1 – 3,
ch 1186, §4, 5]
83 Acts, ch 202, §22, 23; 84 Acts, ch 1223, §1; 88 Acts, ch 1116, §1; 89 Acts, ch 176, §1; 89
Acts, ch 296, §63; 95 Acts, ch 83, §28; 95 Acts, ch 157, §1; 96 Acts, ch 1034, §40; 97 Acts, ch
23, §51; 99 Acts, ch 114, §28; 2001 Acts, ch 119, §1; 2002 Acts, ch 1150, §13; 2002 Acts, ch
1153, §1, 2; 2003 Acts, ch 145, §286; 2004 Acts, ch 1073, §29; 2005 Acts, ch 150, §124, 125;
2009 Acts, ch 108, §16, 41; 2011 Acts, ch 25, §97, 143; 2011 Acts, ch 118, §50, 89; 2013 Acts,
ch 118, §2 – 4; 2013 Acts, ch 123, §17 – 19, 22, 23, 26 – 28, 30, 50, 64, 65; 2014 Acts, ch 1131,
§2 – 4; 2015 Acts, ch 109, §64 – 68, 75; 2015 Acts, ch 116, §3, 13; 2016 Acts, ch 1073, §121
Referred to in §331.512, §357H.9, §403.20, §420.207, §425.11, §426C.1, §426C.4, §427.1(8)(b), §427.1(9), §427.1(19)(a), §427B.26,
§428.29, §432.7, §433.9, §434.15, §437.7, §438.13, §441.17, §441.37, §441.37A, §441.49, §443.2, §443.22
2013 amendment to subsection 3 takes effect June 12, 2013, and applies to assessment years beginning on or after January 1, 2014; 2013
Acts, ch 123, §64, 65
2013 amendments to subsections 4, 5, 9, and 10 by 2013 Acts, ch 123, §17 – 19, take effect June 12, 2013, and apply retroactively to
January 1, 2013, for assessment years beginning on or after that date; 2013 Acts, ch 123, §22, 23
2013 amendment to subsection 12 takes effect May 24, 2013, and applies retroactively to January 1, 2013, for assessment years beginning
on or after that date; 2013 Acts, ch 118, §3, 4
2013 amendments to subsection 8, paragraph b, subsections 9 and 10, and adding NEW subsection 13 by 2013 Acts, ch 123, §26 – 28,
take effect January 1, 2015; 2013 Acts, ch 123, §30
2014 amendments to subsection 2 and to paragraph d of NEW subsection 13 apply to assessment years beginning on or after January 1,
2015; 2014 Acts, ch 1131, §4
2015 amendment to subsection 13, paragraphs a and c, applies to assessment years beginning on or after January 1, 2016; 2015 Acts, ch
116, §13
Subsection 7 amended
Wed Feb 08 03:47:13 2017
Iowa Code 2017, Section 441.21 (39, 2)
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