House Journal: Page 1341: Thursday, April 24, 2003
5 receiving the assessment notice in section 441.23".
6 2. Page 2, by inserting after line 5, the
7 following:
8 "Sec. . NEW SECTION. 441.20 LEGISLATIVE
9 INTENT.
10 It is the intent of the general assembly that there
11 be transparency in the property tax system. It is
12 further the intent of the general assembly that
13 property assessments for purposes of property taxation
14 be equal and uniform within classes of property. It
15 is further the intent of the general assembly to
16 minimize the impact that maintenance and upkeep by the
17 owner of property has on the assessment of that
18 property and that there be predictability in increases
19 of property assessments and that such predictability
20 be based primarily on the actions of the property
21 owner. It is further the intent of the general
22 assembly to minimize the impact that increases in
23 assessed value of property will have on property taxes
24 paid and that any increases will be primarily the
25 result of direct action taken by the local taxing
26 authority in setting budget amounts rather than by
27 increases in market value of property."
28 3. Page 2, by striking lines 12 through 19.
29 4. Page 7, by inserting after line 9, the
30 following:
31 "d. If a county enters into a contract before May
32 1, 2003, for a comprehensive revaluation by a private
33 appraiser and such revaluation is for the assessment
34 year beginning January 1, 2006, the valuations
35 determined under the comprehensive revaluation for
36 that assessment year shall be divided by the
37 cumulative inflation factor for the assessment year
38 beginning January 1, 2006, and that quotient shall be
39 considered the valuation of the property for the
40 assessment year beginning January 1, 2005."
41 5. Page 7, by inserting after line 9, the
42 following:
43 "6A. Notwithstanding any other provision of this
44 section, the assessed value per square foot of a
45 structure times the total number of square feet of the
46 structure shall not exceed its fair and reasonable
47 market value for the assessment year, except for
48 agricultural structures which shall be valued
49 exclusively as provided in subsection 5."
50 6. Page 10, by inserting after line 9, the
Page 2
1 following:
© 2003 Cornell College and
League of Women Voters of Iowa
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