House Journal: Page 2142: Tuesday, June 3, 2003
18 hotels, motels, rest homes, and structures containing
19 three or more separate living quarters shall not be
20 considered residential property.
21 Sec. 5. Section 441.23, Code 2003, is amended to
22 read as follows:
23 441.23 NOTICE OF VALUATION.
24 If there has been an increase or decrease in the
25 valuation of the property, or upon the written request
26 of the person assessed, the assessor shall, at the
27 time of making the assessment, inform the person
28 assessed, in writing, of the valuation put upon the
29 taxpayer's property, and notify the person, if the
30 person feels aggrieved, to appear before the board of
31 review and show why the assessment should be changed.
32 However, if the valuation of a class of agricultural
33 property is uniformly decreased, the assessor may
34 notify the affected property owners by publication in
35 the official newspapers of the county. The owners of
36 real property shall be notified not later than April
37 15 of any adjustment of the real property assessment.
38 The notification shall include a supplemental return
39 form for the person to list the person's property and
40 any additions or modifications completed in the prior
41 year to a structure located on the property, as
42 required in section 441.19.
43 Sec. 6. Section 441.24, Code 2003, is amended to
44 read as follows:
45 441.24 REFUSAL TO FURNISH STATEMENT.
46 1. If a person refuses to furnish the verified
47 statements required in connection with the assessment
48 of property by the assessor, or to list the
49 corporation's or person's property, the director of
50 revenue and finance, or assessor, as the case may be,
Page 10
1 shall proceed to list and assess the property
2 according to the best information obtainable, and
3 shall add to the taxable agricultural land and square
4 footage valuation one hundred percent thereof, which
5 valuation and penalty shall be separately shown, and
6 shall constitute the assessment; and if the
7 agricultural land or square footage valuation of the
8 property is changed by a board of review, or on appeal
9 from a board of review, a like penalty shall be added
10 to the valuation thus fixed.
11 2. However, all or part of the penalty imposed
12 under this section may be waived by the board of
13 review upon application to the board by the assessor
14 or the property owner. The waiver or reduction in the
15 penalty shall be allowed only on the agricultural land
16 or the square footage valuation of real property the
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