Kathy A. Croker
Chief Deputy Assessor:
Kim M. Carnine, ICA
Real Estate Specialist:
Carol Van Hooser
BV County Assessor
215 E. 5th
P.O. Box 148
Storm Lake, Iowa 50588
P: (712) 749-2543
F: (712) 749-2544
M-F: 8 am - 4:30 pm
The Assessor is charged with several administrative and statutory duties; however, the primary duty and responsibility is to cause to be assessed all real property within his/her jurisdiction except that which is otherwise provided by law. This would include residential, commercial, industrial and agricultural classes of property. Real property is revalued every two years. The effective date of the assessment is January First of the current year. The assessor determines a full or partial value of new construction, or improvements depending upon the state of completion as of January First.
General Information About the Assessor
Assessors are appointed to their position by a Conference Board consisting of the members of the Board of Supervisors, the Mayors of all incorporated cities and a member from each school district within the jurisdiction. A city with a population of ten thousand or more may elect to have their own assessor. Assessors are required, by statute, to pass a state examination and complete a Continuing Education Program consisting of 150 hours of formal classroom instruction with 90 hours tested and a passing grade of 70% attained. The latter requirement must be met in order for the assessor to be reappointed to the position every six years. The Deputy Assessor also must pass a state examination as well as successfully complete 90 hours of classroom instruction of which at least 60 hours are tested. The Conference Board approves the assessor's budget and after a public hearing acts on adoption of same. The assessor is limited, by statute, depending upon the value of the jurisdiction, to a levy limitation for his budget.
The Assessor’s responsibility is to estimate the value of properties. This is just a part of the taxation process.
The Assessor does not:
Taxing jurisdictions such as schools, cities and townships, adopt budgets after public hearings. This determines the tax levy which is the rate of taxation required to raise the money budgeted. The taxes you pay are proportionate to the value of your property compared to the total value of the taxing district in which your property is located.
The Assessor does not set policy for the Board of Review.
What is Market Value?
Market value is defined as the most probable price a property would bring in an open market with a willing buyer/willing seller. It is also known as an “arms length sale”. To be considered market value, the following conditions would apply:
Estimating Market Value
The Assessor generally uses three approaches to estimate the market value of your property.
What is the Board of Review?
The Board of Review members are appointed by the Conference Board and may have three or five members. As per state statute, one member must be a farmer, one a licensed realtor and one who has knowledge in the building or construction field. This is an independent board to which property owners may appeal if they feel their assessment is excessive or inequitable. The Board of Review has broad powers including the right to increase or decrease any assessment. If a property owner is not satisfied with the Board’s decision, they can file an appeal with the Property Assessment Appeal Board or in district court. Board of Review Assessment Appeal Forms & Instructions
Tax Levies & Assessed Values
Always use the values from the Assessor’s property record cards or the assessment notice when comparing your value with other properties. Do not use the values listed on the tax statement.
There are many different taxing districts in our county, each with a different levy. Each year, a levy is determined by the County Auditor that will yield enough money to fund the budgets that pay for our schools, police and fire protection, road maintenance and other services.
The tax levy is applied to each $1000 of taxable value of a property. The Assessor has determined the assessed value and it is the value on your assessment roll. The taxable value is determined by the Auditor after applying the state ordered “rollback” percentages to the various classes of property as well as the deduction of any applicable exemptions or credits. The taxable value is the value indicated on the tax statement.
Each year, when the total value increase statewide exceeds four percent for each class of property, the Director of the Iowa Department of Revenue determines the “rollback” percentage of the actual value for each class of property. After the Director determines and certifies the “rollback” percentage to the County Auditor, the percentage is applied to all properties in each class affected throughout the state. The rollback percentages are the same for all jurisdictions within the entire state and can change each year.
The assessed value of the individual parcels of property that the Assessor determines, may increase more than four percent within a jurisdiction. With the exception of agricultural dwellings, agricultural land and out buildings are assessed on the basis of productivity and net earning capacity using a five year crop average and capitalized at a rate set by the Legislature. Currently the rate is seven (7) percent.
When necessary, in odd numbered years, the Director of the Iowa Department of Revenue issues tentative equalization orders on approximately August 15th. On October 1st, final orders are sent to the County Auditor who must then apply them to the affected classes of property.
The Assessor’s Office, in your jurisdiction, can answer your questions regarding PROPERTY VALUES.
If you have questions regarding your TAXES, you must contact the Treasurer’s Office.