04/04/2025
All,
Assessments that we received in the mail showing 2025 values, will be the assessed value for use next year on tax payments starting Fall 2026 and Spring 2027. What we will be paying this year in Fall 2025 and Spring 2026 will utilize the 2024 values. Note: assessments multiplied by the rollback (47.43% for this year) equals your taxable property value
The consolidated levy rates being discussed/finalized right now from local taxing authorities (County, City, School, etc) will be multiplied against your 2024 taxable property value. Next year's consolidated levy rates will be multiplied against your 2025 taxable property value.
Based on just seeing the assessed values having gone up, if the consolidated levy rate that is finalized this year, remains the same rate for next year, and the rollback is unchanged, total payment for your property will increase. If the rollback is decreased or the consolidated levy is decreased, you will pay less.
Assessment x Rollback = Taxable Value
Taxable Value x Consolidated Levy = Property Tax
A link to the Iowa legislative guide on property taxes is below: