Senate
File
295
H-1311
Amend
Senate
File
295,
as
passed
by
the
Senate,
as
1
follows:
2
1.
By
striking
everything
after
the
enacting
clause
3
and
inserting:
4
<
DIVISION
I
5
PROPERTY
ASSESSMENT
LIMITATION
AND
REPLACEMENT
6
Section
1.
Section
257.3,
subsection
1,
Code
2013,
7
is
amended
by
adding
the
following
new
paragraph:
8
NEW
PARAGRAPH
.
d.
The
amount
paid
to
each
school
9
district
for
the
commercial
and
industrial
property
10
tax
replacement
claim
under
section
441.21A
shall
be
11
regarded
as
property
tax.
The
portion
of
the
payment
12
which
is
foundation
property
tax
shall
be
determined
by
13
applying
the
foundation
property
tax
rate
to
the
amount
14
computed
under
section
441.21A,
subsection
4,
paragraph
15
“a”
,
and
such
amount
shall
be
prorated
pursuant
to
16
section
441.21A,
subsection
2,
if
applicable.
17
Sec.
2.
Section
331.512,
Code
2013,
is
amended
by
18
adding
the
following
new
subsection:
19
NEW
SUBSECTION
.
13A.
Carry
out
duties
relating
20
to
the
calculation
and
payment
of
commercial
and
21
industrial
property
tax
replacement
claims
under
22
section
441.21A.
23
Sec.
3.
Section
331.559,
Code
2013,
is
amended
by
24
adding
the
following
new
subsection:
25
NEW
SUBSECTION
.
25A.
Carry
out
duties
relating
26
to
the
calculation
and
payment
of
commercial
and
27
industrial
property
tax
replacement
claims
under
28
section
441.21A.
29
Sec.
4.
Section
441.21,
subsection
4,
Code
2013,
is
30
amended
to
read
as
follows:
31
4.
For
valuations
established
as
of
January
32
1,
1979,
the
percentage
of
actual
value
at
which
33
agricultural
and
residential
property
shall
be
assessed
34
shall
be
the
quotient
of
the
dividend
and
divisor
as
35
defined
in
this
section
.
The
dividend
for
each
class
36
of
property
shall
be
the
dividend
as
determined
for
37
each
class
of
property
for
valuations
established
as
38
of
January
1,
1978,
adjusted
by
the
product
obtained
39
by
multiplying
the
percentage
determined
for
that
year
40
by
the
amount
of
any
additions
or
deletions
to
actual
41
value,
excluding
those
resulting
from
the
revaluation
42
of
existing
properties,
as
reported
by
the
assessors
43
on
the
abstracts
of
assessment
for
1978,
plus
six
44
percent
of
the
amount
so
determined.
However,
if
the
45
difference
between
the
dividend
so
determined
for
46
either
class
of
property
and
the
dividend
for
that
47
class
of
property
for
valuations
established
as
of
48
January
1,
1978,
adjusted
by
the
product
obtained
by
49
multiplying
the
percentage
determined
for
that
year
50
-1-
SF295.1736
(2)
85
md/sc
1/
19
#1.
by
the
amount
of
any
additions
or
deletions
to
actual
1
value,
excluding
those
resulting
from
the
revaluation
2
of
existing
properties,
as
reported
by
the
assessors
3
on
the
abstracts
of
assessment
for
1978,
is
less
than
4
six
percent,
the
1979
dividend
for
the
other
class
of
5
property
shall
be
the
dividend
as
determined
for
that
6
class
of
property
for
valuations
established
as
of
7
January
1,
1978,
adjusted
by
the
product
obtained
by
8
multiplying
the
percentage
determined
for
that
year
9
by
the
amount
of
any
additions
or
deletions
to
actual
10
value,
excluding
those
resulting
from
the
revaluation
11
of
existing
properties,
as
reported
by
the
assessors
on
12
the
abstracts
of
assessment
for
1978,
plus
a
percentage
13
of
the
amount
so
determined
which
is
equal
to
the
14
percentage
by
which
the
dividend
as
determined
for
the
15
other
class
of
property
for
valuations
established
as
16
of
January
1,
1978,
adjusted
by
the
product
obtained
17
by
multiplying
the
percentage
determined
for
that
year
18
by
the
amount
of
any
additions
or
deletions
to
actual
19
value,
excluding
those
resulting
from
the
revaluation
20
of
existing
properties,
as
reported
by
the
assessors
21
on
the
abstracts
of
assessment
for
1978,
is
increased
22
in
arriving
at
the
1979
dividend
for
the
other
class
23
of
property.
The
divisor
for
each
class
of
property
24
shall
be
the
total
actual
value
of
all
such
property
25
in
the
state
in
the
preceding
year,
as
reported
by
the
26
assessors
on
the
abstracts
of
assessment
submitted
27
for
1978,
plus
the
amount
of
value
added
to
said
28
total
actual
value
by
the
revaluation
of
existing
29
properties
in
1979
as
equalized
by
the
director
of
30
revenue
pursuant
to
section
441.49
.
The
director
shall
31
utilize
information
reported
on
abstracts
of
assessment
32
submitted
pursuant
to
section
441.45
in
determining
33
such
percentage.
For
valuations
established
as
of
34
January
1,
1980,
and
each
assessment
year
thereafter
35
beginning
before
January
1,
2013
,
the
percentage
of
36
actual
value
as
equalized
by
the
director
of
revenue
37
as
provided
in
section
441.49
at
which
agricultural
38
and
residential
property
shall
be
assessed
shall
be
39
calculated
in
accordance
with
the
methods
provided
40
herein
including
the
limitation
of
increases
in
41
agricultural
and
residential
assessed
values
to
the
42
percentage
increase
of
the
other
class
of
property
if
43
the
other
class
increases
less
than
the
allowable
limit
44
adjusted
to
include
the
applicable
and
current
values
45
as
equalized
by
the
director
of
revenue,
except
that
46
any
references
to
six
percent
in
this
subsection
shall
47
be
four
percent.
For
valuations
established
as
of
48
January
1,
2013,
and
each
assessment
year
thereafter,
49
the
percentage
of
actual
value
as
equalized
by
the
50
-2-
SF295.1736
(2)
85
md/sc
2/
19
director
of
revenue
as
provided
in
section
441.49
at
1
which
agricultural
and
residential
property
shall
be
2
assessed
shall
be
calculated
in
accordance
with
the
3
methods
provided
in
this
subsection,
except
that
any
4
references
to
six
percent
in
this
subsection
shall
5
be
two
percent,
and
including,
for
assessment
years
6
beginning
on
or
after
January
1,
2013,
but
before
7
January
1,
2017,
the
limitation
of
increases
in
8
agricultural
and
residential
assessed
values
to
the
9
percentage
increase
of
the
other
class
of
property
if
10
the
other
class
increases
less
than
the
allowable
limit
11
adjusted
to
include
the
applicable
and
current
values
12
as
equalized
by
the
director
of
revenue,
and
including,
13
for
assessment
years
beginning
on
or
after
January
1,
14
2017,
the
limitation
in
subsection
5A.
15
Sec.
5.
Section
441.21,
subsection
5,
Code
2013,
is
16
amended
to
read
as
follows:
17
5.
a.
For
valuations
established
as
of
January
18
1,
1979,
commercial
property
and
industrial
property,
19
excluding
properties
referred
to
in
section
427A.1,
20
subsection
8
,
shall
be
assessed
as
a
percentage
of
21
the
actual
value
of
each
class
of
property.
The
22
percentage
shall
be
determined
for
each
class
of
23
property
by
the
director
of
revenue
for
the
state
in
24
accordance
with
the
provisions
of
this
section
.
For
25
valuations
established
as
of
January
1,
1979,
the
26
percentage
shall
be
the
quotient
of
the
dividend
and
27
divisor
as
defined
in
this
section
.
The
dividend
28
for
each
class
of
property
shall
be
the
total
actual
29
valuation
for
each
class
of
property
established
for
30
1978,
plus
six
percent
of
the
amount
so
determined.
31
The
divisor
for
each
class
of
property
shall
be
the
32
valuation
for
each
class
of
property
established
for
33
1978,
as
reported
by
the
assessors
on
the
abstracts
of
34
assessment
for
1978,
plus
the
amount
of
value
added
to
35
the
total
actual
value
by
the
revaluation
of
existing
36
properties
in
1979
as
equalized
by
the
director
of
37
revenue
pursuant
to
section
441.49
.
For
valuations
38
established
as
of
January
1,
1979,
property
valued
by
39
the
department
of
revenue
pursuant
to
chapters
428
,
40
433
,
437
,
and
438
shall
be
considered
as
one
class
41
of
property
and
shall
be
assessed
as
a
percentage
of
42
its
actual
value.
The
percentage
shall
be
determined
43
by
the
director
of
revenue
in
accordance
with
the
44
provisions
of
this
section
.
For
valuations
established
45
as
of
January
1,
1979,
the
percentage
shall
be
the
46
quotient
of
the
dividend
and
divisor
as
defined
in
47
this
section
.
The
dividend
shall
be
the
total
actual
48
valuation
established
for
1978
by
the
department
of
49
revenue,
plus
ten
percent
of
the
amount
so
determined.
50
-3-
SF295.1736
(2)
85
md/sc
3/
19
The
divisor
for
property
valued
by
the
department
of
1
revenue
pursuant
to
chapters
428
,
433
,
437
,
and
438
2
shall
be
the
valuation
established
for
1978,
plus
3
the
amount
of
value
added
to
the
total
actual
value
4
by
the
revaluation
of
the
property
by
the
department
5
of
revenue
as
of
January
1,
1979.
For
valuations
6
established
as
of
January
1,
1980,
commercial
property
7
and
industrial
property,
excluding
properties
referred
8
to
in
section
427A.1,
subsection
8
,
shall
be
assessed
9
at
a
percentage
of
the
actual
value
of
each
class
of
10
property.
The
percentage
shall
be
determined
for
11
each
class
of
property
by
the
director
of
revenue
for
12
the
state
in
accordance
with
the
provisions
of
this
13
section
.
For
valuations
established
as
of
January
14
1,
1980,
the
percentage
shall
be
the
quotient
of
15
the
dividend
and
divisor
as
defined
in
this
section
.
16
The
dividend
for
each
class
of
property
shall
be
the
17
dividend
as
determined
for
each
class
of
property
for
18
valuations
established
as
of
January
1,
1979,
adjusted
19
by
the
product
obtained
by
multiplying
the
percentage
20
determined
for
that
year
by
the
amount
of
any
21
additions
or
deletions
to
actual
value,
excluding
those
22
resulting
from
the
revaluation
of
existing
properties,
23
as
reported
by
the
assessors
on
the
abstracts
of
24
assessment
for
1979,
plus
four
percent
of
the
amount
25
so
determined.
The
divisor
for
each
class
of
property
26
shall
be
the
total
actual
value
of
all
such
property
in
27
1979,
as
equalized
by
the
director
of
revenue
pursuant
28
to
section
441.49
,
plus
the
amount
of
value
added
to
29
the
total
actual
value
by
the
revaluation
of
existing
30
properties
in
1980.
The
director
shall
utilize
31
information
reported
on
the
abstracts
of
assessment
32
submitted
pursuant
to
section
441.45
in
determining
33
such
percentage.
For
valuations
established
as
of
34
January
1,
1980,
property
valued
by
the
department
35
of
revenue
pursuant
to
chapters
428
,
433
,
437
,
and
36
438
shall
be
assessed
at
a
percentage
of
its
actual
37
value.
The
percentage
shall
be
determined
by
the
38
director
of
revenue
in
accordance
with
the
provisions
39
of
this
section
.
For
valuations
established
as
of
40
January
1,
1980,
the
percentage
shall
be
the
quotient
41
of
the
dividend
and
divisor
as
defined
in
this
section
.
42
The
dividend
shall
be
the
total
actual
valuation
43
established
for
1979
by
the
department
of
revenue,
44
plus
eight
percent
of
the
amount
so
determined.
The
45
divisor
for
property
valued
by
the
department
of
46
revenue
pursuant
to
chapters
428
,
433
,
437
,
and
438
47
shall
be
the
valuation
established
for
1979,
plus
48
the
amount
of
value
added
to
the
total
actual
value
49
by
the
revaluation
of
the
property
by
the
department
50
-4-
SF295.1736
(2)
85
md/sc
4/
19
of
revenue
as
of
January
1,
1980.
For
valuations
1
established
as
of
January
1,
1981,
and
each
assessment
2
year
thereafter
beginning
before
January
1,
2013
,
the
3
percentage
of
actual
value
as
equalized
by
the
director
4
of
revenue
as
provided
in
section
441.49
at
which
5
commercial
property
and
industrial
property,
excluding
6
properties
referred
to
in
section
427A.1,
subsection
7
8
,
shall
be
assessed
shall
be
calculated
in
accordance
8
with
the
methods
provided
herein,
except
that
any
9
references
to
six
percent
in
this
subsection
shall
be
10
four
percent.
For
valuations
established
as
of
January
11
1,
1981,
and
each
year
thereafter,
the
percentage
of
12
actual
value
at
which
property
valued
by
the
department
13
of
revenue
pursuant
to
chapters
428
,
433
,
437
,
and
438
14
shall
be
assessed
shall
be
calculated
in
accordance
15
with
the
methods
provided
herein,
except
that
any
16
references
to
ten
percent
in
this
subsection
shall
be
17
eight
percent.
Beginning
with
valuations
established
18
as
of
January
1,
1979,
and
each
assessment
year
19
thereafter
beginning
before
January
1,
2013
,
property
20
valued
by
the
department
of
revenue
pursuant
to
chapter
21
434
shall
also
be
assessed
at
a
percentage
of
its
22
actual
value
which
percentage
shall
be
equal
to
the
23
percentage
determined
by
the
director
of
revenue
for
24
commercial
property,
industrial
property,
or
property
25
valued
by
the
department
of
revenue
pursuant
to
26
chapters
428
,
433
,
437
,
and
438
,
whichever
is
lowest.
27
For
valuations
established
on
or
after
January
1,
2013,
28
but
before
January
1,
2017,
commercial
property
and
29
industrial
property
shall
be
assessed
as
provided
in
30
paragraphs
“b”
and
“c”
,
as
applicable.
For
valuations
31
established
as
of
January
1,
2017,
and
each
assessment
32
year
thereafter,
the
percentage
of
actual
value
as
33
equalized
by
the
director
of
revenue
as
provided
in
34
section
441.49
at
which
commercial
property,
excluding
35
properties
referred
to
in
section
427A.1,
subsection
36
8,
shall
be
assessed
shall
be
calculated
in
accordance
37
with
the
methods
provided
in
this
subsection,
including
38
the
limitation
in
subsection
5A,
except
that
any
39
references
to
six
percent
in
this
subsection
shall
be
40
two
percent.
For
valuations
established
on
or
after
41
January
1,
2017,
industrial
property
shall
be
assessed
42
at
a
percentage
of
its
actual
value
equal
to
the
43
percentage
of
actual
value
at
which
property
assessed
44
as
commercial
property
is
assessed
for
the
same
45
assessment
year
following
application
of
the
limitation
46
in
subsection
5A,
if
applicable.
For
valuations
47
established
on
or
after
January
1,
2013,
property
48
valued
by
the
department
of
revenue
pursuant
to
chapter
49
434
shall
be
assessed
at
a
percentage
of
its
actual
50
-5-
SF295.1736
(2)
85
md/sc
5/
19
value
equal
to
the
percentage
of
actual
value
at
which
1
property
assessed
as
commercial
property
is
assessed
2
for
the
same
assessment
year
following
application
of
3
the
limitation
in
subsection
5A,
if
applicable.
4
b.
For
valuations
established
on
or
after
January
5
1,
2013,
but
before
January
1,
2017,
commercial
6
property,
excluding
properties
referred
to
in
section
7
427A.1,
subsection
8,
shall
be
assessed
at
a
percentage
8
of
its
actual
value,
as
determined
in
this
paragraph
9
“b”
.
For
valuations
established
for
the
assessment
10
year
beginning
January
1,
2013,
the
percentage
of
11
actual
value
as
equalized
by
the
director
of
revenue
12
as
provided
in
section
441.49
at
which
commercial
13
property
shall
be
assessed
shall
be
ninety-five
14
percent.
For
valuations
established
for
the
assessment
15
year
beginning
January
1,
2014,
the
percentage
of
16
actual
value
as
equalized
by
the
director
of
revenue
17
as
provided
in
section
441.49
at
which
commercial
18
property
shall
be
assessed
shall
be
ninety
percent.
19
For
valuations
established
for
the
assessment
year
20
beginning
January
1,
2015,
the
percentage
of
actual
21
value
as
equalized
by
the
director
of
revenue
as
22
provided
in
section
441.49
at
which
commercial
property
23
shall
be
assessed
shall
be
eighty-five
percent.
24
For
valuations
established
for
the
assessment
year
25
beginning
January
1,
2016,
the
percentage
of
actual
26
value
as
equalized
by
the
director
of
revenue
as
27
provided
in
section
441.49
at
which
commercial
property
28
shall
be
assessed
shall
be
eighty
percent.
29
c.
For
valuations
established
on
or
after
January
30
1,
2013,
but
before
January
1,
2017,
industrial
31
property,
excluding
properties
referred
to
in
section
32
427A.1,
subsection
8,
shall
be
assessed
at
a
percentage
33
of
its
actual
value,
as
determined
in
this
paragraph
34
“c”
.
For
valuations
established
for
the
assessment
35
year
beginning
January
1,
2013,
the
percentage
of
36
actual
value
as
equalized
by
the
director
of
revenue
37
as
provided
in
section
441.49
at
which
industrial
38
property
shall
be
assessed
shall
be
ninety-five
39
percent.
For
valuations
established
for
the
assessment
40
year
beginning
January
1,
2014,
the
percentage
of
41
actual
value
as
equalized
by
the
director
of
revenue
42
as
provided
in
section
441.49
at
which
industrial
43
property
shall
be
assessed
shall
be
ninety
percent.
44
For
valuations
established
for
the
assessment
year
45
beginning
January
1,
2015,
the
percentage
of
actual
46
value
as
equalized
by
the
director
of
revenue
as
47
provided
in
section
441.49
at
which
industrial
property
48
shall
be
assessed
shall
be
eighty-five
percent.
49
For
valuations
established
for
the
assessment
year
50
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beginning
January
1,
2016,
the
percentage
of
actual
1
value
as
equalized
by
the
director
of
revenue
as
2
provided
in
section
441.49
at
which
industrial
property
3
shall
be
assessed
shall
be
eighty
percent.
4
Sec.
6.
Section
441.21,
Code
2013,
is
amended
by
5
adding
the
following
new
subsection:
6
NEW
SUBSECTION
.
5A.
In
addition
to
the
limitation
7
of
increases
for
agricultural
and
residential
property
8
applicable
under
subsection
4
and
the
limitation
9
of
increase
for
commercial
property
applicable
10
under
subsection
5,
for
valuations
established
for
11
the
assessment
year
beginning
January
1,
2017,
and
12
each
assessment
year
thereafter,
for
residential,
13
agricultural,
and
commercial
property,
the
assessed
14
value
of
each
of
these
three
classes
of
property
shall
15
be
limited
to
the
percentage
increase
of
that
class
of
16
property
that
is
the
lowest
percentage
increase
under
17
the
allowable
limit
adjusted
to
include
the
applicable
18
and
current
values
as
equalized
by
the
director
of
19
revenue.
20
Sec.
7.
NEW
SECTION
.
441.21A
Commercial
and
21
industrial
property
tax
replacement
——
replacement
22
claims.
23
1.
a.
For
each
fiscal
year
beginning
on
or
after
24
July
1,
2014,
there
is
appropriated
from
the
general
25
fund
of
the
state
to
the
department
of
revenue
an
26
amount
necessary
for
the
payment
of
all
commercial
27
and
industrial
property
tax
replacement
claims
under
28
this
section
for
the
fiscal
year.
However,
for
a
29
fiscal
year
beginning
on
or
after
July
1,
2018,
the
30
total
amount
of
moneys
appropriated
from
the
general
31
fund
of
the
state
to
the
department
of
revenue
for
32
the
payment
of
commercial
and
industrial
property
tax
33
replacement
claims
in
that
fiscal
year
shall
not
exceed
34
the
total
amount
of
money
that
was
necessary
to
pay
35
all
commercial
and
industrial
property
tax
replacement
36
claims
for
the
fiscal
year
beginning
July
1,
2017.
37
b.
Moneys
appropriated
by
the
general
assembly
to
38
the
department
under
this
subsection
for
the
payment
39
of
commercial
and
industrial
property
tax
replacement
40
claims
are
not
subject
to
a
uniform
reduction
in
41
appropriations
in
accordance
with
section
8.31.
42
2.
Beginning
with
the
fiscal
year
beginning
43
July
1,
2014,
each
county
treasurer
shall
be
paid
44
by
the
department
of
revenue
an
amount
equal
to
the
45
amount
of
the
commercial
and
industrial
property
tax
46
replacement
claims
in
the
county,
as
calculated
in
47
subsection
4.
For
fiscal
years
beginning
on
or
after
48
July
1,
2018,
if
an
amount
appropriated
for
a
fiscal
49
year
is
insufficient
to
pay
all
replacement
claims,
50
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the
director
of
revenue
shall
prorate
the
payment
of
1
replacement
claims
to
the
county
treasurers
and
shall
2
notify
the
county
auditors
of
the
pro
rata
percentage
3
on
or
before
September
30.
4
3.
On
or
before
July
1
of
each
fiscal
year
5
beginning
on
or
after
July
1,
2014,
the
assessor
shall
6
report
to
the
county
auditor
the
total
actual
value
of
7
all
commercial
property
and
industrial
property
in
the
8
county
for
the
assessment
year
used
to
calculate
the
9
taxes
due
and
payable
in
that
fiscal
year.
10
4.
On
or
before
a
date
established
by
rule
of
the
11
department
of
revenue
of
each
fiscal
year
beginning
on
12
or
after
July
1,
2014,
the
county
auditor
shall
prepare
13
a
statement,
based
upon
the
report
received
pursuant
14
to
subsection
3,
listing
for
each
taxing
district
in
15
the
county:
16
a.
The
difference
between
the
assessed
valuation
17
of
all
commercial
property
and
industrial
property
for
18
the
assessment
year
used
to
calculate
taxes
which
are
19
due
and
payable
in
the
applicable
fiscal
year
and
the
20
actual
value
of
all
commercial
property
and
industrial
21
property
for
the
same
assessment
year.
If
the
22
difference
between
the
assessed
value
of
all
commercial
23
property
and
industrial
property
and
the
actual
24
valuation
of
all
commercial
property
and
industrial
25
property
is
zero,
there
is
no
tax
replacement
for
that
26
taxing
district
for
the
fiscal
year.
27
b.
The
tax
levy
rate
per
one
thousand
dollars
of
28
assessed
value
for
each
taxing
district
for
that
fiscal
29
year.
30
c.
The
commercial
and
industrial
property
tax
31
replacement
claim
for
each
taxing
district.
The
32
replacement
claim
is
equal
to
the
amount
determined
33
pursuant
to
paragraph
“a”
,
multiplied
by
the
tax
rate
34
specified
in
paragraph
“b”
,
and
then
divided
by
one
35
thousand
dollars.
36
5.
For
purposes
of
computing
replacement
amounts
37
under
this
section,
that
portion
of
an
urban
renewal
38
area
defined
as
the
sum
of
the
assessed
valuations
39
defined
in
section
403.19,
subsections
1
and
2,
shall
40
be
considered
a
taxing
district.
41
6.
a.
The
county
auditor
shall
certify
and
forward
42
one
copy
of
the
statement
to
the
department
of
revenue
43
not
later
than
a
date
of
each
year
established
by
the
44
department
of
revenue
by
rule.
45
b.
The
replacement
claims
shall
be
paid
to
each
46
county
treasurer
in
equal
installments
in
September
47
and
March
of
each
year.
The
county
treasurer
shall
48
apportion
the
replacement
claim
payments
among
the
49
eligible
taxing
districts
in
the
county.
50
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c.
If
the
taxing
district
is
an
urban
renewal
1
area,
the
amount
of
the
replacement
claim
shall
be
2
apportioned
and
credited
to
those
portions
of
the
3
assessed
value
defined
in
section
403.19,
subsections
4
1
and
2,
as
follows:
5
(1)
To
that
portion
defined
in
section
403.19,
6
subsection
1,
an
amount
of
the
replacement
claim
that
7
is
proportionate
to
the
amount
of
actual
value
of
the
8
commercial
and
industrial
property
in
the
urban
renewal
9
area
as
determined
in
section
403.19,
subsection
1,
10
that
was
subtracted
pursuant
to
section
403.20,
as
11
it
bears
to
the
total
amount
of
actual
value
of
the
12
commercial
and
industrial
property
in
the
urban
renewal
13
area
that
was
subtracted
pursuant
to
section
403.20
for
14
the
assessment
year
for
property
taxes
due
and
payable
15
in
the
fiscal
year
for
which
the
replacement
claim
is
16
computed.
17
(2)
To
that
portion
defined
in
section
403.19,
18
subsection
2,
the
remaining
amount,
if
any.
19
d.
Notwithstanding
the
allocation
provisions
of
20
paragraph
“c”
,
the
amount
of
the
tax
replacement
amount
21
that
shall
be
allocated
to
that
portion
of
the
assessed
22
value
defined
in
section
403.19,
subsection
2,
shall
23
not
exceed
the
amount
equal
to
the
amount
certified
to
24
the
county
auditor
under
section
403.19
for
the
fiscal
25
year
in
which
the
claim
is
paid,
after
deduction
of
26
the
amount
of
other
revenues
committed
for
payment
27
on
that
amount
for
the
fiscal
year.
The
amount
not
28
allocated
to
that
portion
of
the
assessed
value
defined
29
in
section
403.19,
subsection
2,
as
a
result
of
the
30
operation
of
this
paragraph,
shall
be
allocated
to
that
31
portion
of
assessed
value
defined
in
section
403.19,
32
subsection
1.
33
e.
The
amount
of
the
replacement
claim
amount
34
credited
to
the
portion
of
the
assessed
value
defined
35
in
section
403.19,
subsection
1,
shall
be
allocated
36
to
and
when
received
be
paid
into
the
fund
for
the
37
respective
taxing
district
as
taxes
by
or
for
the
38
taxing
district
into
which
all
other
property
taxes
39
are
paid.
The
amount
of
the
replacement
claim
amount
40
credited
to
the
portion
of
the
assessed
value
defined
41
in
section
403.19,
subsection
2,
shall
be
allocated
to
42
and
when
collected
be
paid
into
the
special
fund
of
the
43
municipality
under
section
403.19,
subsection
2.
44
Sec.
8.
SAVINGS
PROVISION.
This
division
of
this
45
Act,
pursuant
to
section
4.13,
does
not
affect
the
46
operation
of,
or
prohibit
the
application
of,
prior
47
provisions
of
section
441.21,
or
rules
adopted
under
48
chapter
17A
to
administer
prior
provisions
of
section
49
441.21,
for
assessment
years
beginning
before
January
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19
1,
2013,
and
for
duties,
powers,
protests,
appeals,
1
proceedings,
actions,
or
remedies
attributable
to
an
2
assessment
year
beginning
before
January
1,
2013.
3
Sec.
9.
EFFECTIVE
UPON
ENACTMENT.
This
division
of
4
this
Act,
being
deemed
of
immediate
importance,
takes
5
effect
upon
enactment.
6
Sec.
10.
RETROACTIVE
APPLICABILITY.
This
division
7
of
this
Act
applies
retroactively
to
January
1,
2013,
8
for
assessment
years
beginning
on
or
after
that
date.
9
DIVISION
II
10
SCHOOL
DISTRICT
FUNDING
11
Sec.
11.
Section
257.1,
subsection
2,
paragraph
b,
12
Code
2013,
is
amended
by
striking
the
paragraph
and
13
inserting
in
lieu
thereof
the
following:
14
b.
(1)
The
regular
program
foundation
base
per
15
pupil
is
the
following:
16
(a)
For
the
budget
year
commencing
July
1,
17
2012,
and
the
budget
year
commencing
July
1,
2013,
18
the
regular
program
foundation
base
per
pupil
is
19
eighty-seven
and
five-tenths
percent
of
the
regular
20
program
state
cost
per
pupil.
21
(b)
For
the
budget
year
commencing
July
1,
2014,
22
the
regular
program
foundation
base
per
pupil
is
23
eighty-nine
and
three
hundred
seventy-five
thousandths
24
percent
of
the
regular
program
state
cost
per
pupil.
25
(c)
For
the
budget
year
commencing
July
1,
2015,
26
the
regular
program
foundation
base
per
pupil
is
27
ninety-one
and
twenty-five
hundredths
percent
of
the
28
regular
program
state
cost
per
pupil.
29
(d)
For
the
budget
year
commencing
July
1,
2016,
30
the
regular
program
foundation
base
per
pupil
is
31
ninety-three
and
one
hundred
twenty-five
thousandths
32
percent
of
the
regular
program
state
cost
per
pupil.
33
(e)
For
the
budget
year
commencing
July
1,
2017,
34
and
succeeding
budget
years,
the
regular
program
35
foundation
base
per
pupil
is
ninety-five
percent
of
the
36
regular
program
state
cost
per
pupil.
37
(2)
For
each
budget
year,
the
special
education
38
support
services
foundation
base
is
seventy-nine
39
percent
of
the
special
education
support
services
state
40
cost
per
pupil.
The
combined
foundation
base
is
the
41
sum
of
the
regular
program
foundation
base,
the
special
42
education
support
services
foundation
base,
the
total
43
teacher
salary
supplement
district
cost,
the
total
44
professional
development
supplement
district
cost,
the
45
total
early
intervention
supplement
district
cost,
the
46
total
area
education
agency
teacher
salary
supplement
47
district
cost,
and
the
total
area
education
agency
48
professional
development
supplement
district
cost.
49
DIVISION
III
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MULTIRESIDENTIAL
PROPERTY
CLASSIFICATION
1
Sec.
12.
Section
404.2,
subsection
2,
paragraph
f,
2
Code
2013,
is
amended
to
read
as
follows:
3
f.
A
statement
specifying
whether
the
4
revitalization
is
applicable
to
none,
some,
or
all
of
5
the
property
assessed
as
residential,
multiresidential,
6
agricultural,
commercial
,
or
industrial
property
7
within
the
designated
area
or
a
combination
thereof
and
8
whether
the
revitalization
is
for
rehabilitation
and
9
additions
to
existing
buildings
or
new
construction
or
10
both.
If
revitalization
is
made
applicable
only
to
11
some
property
within
an
assessment
classification,
the
12
definition
of
that
subset
of
eligible
property
must
13
be
by
uniform
criteria
which
further
some
planning
14
objective
identified
in
the
plan.
The
city
shall
state
15
how
long
it
is
estimated
that
the
area
shall
remain
16
a
designated
revitalization
area
which
time
shall
17
be
longer
than
one
year
from
the
date
of
designation
18
and
shall
state
any
plan
by
the
city
to
issue
revenue
19
bonds
for
revitalization
projects
within
the
area.
For
20
a
county,
a
revitalization
area
shall
include
only
21
property
which
will
be
used
as
industrial
property,
22
commercial
property,
commercial
property
consisting
of
23
three
or
more
separate
living
quarters
with
at
least
24
seventy-five
percent
of
the
space
used
for
residential
25
purposes,
multiresidential
property,
or
residential
26
property.
However,
a
county
shall
not
provide
a
tax
27
exemption
under
this
chapter
to
commercial
property,
28
commercial
property
consisting
of
three
or
more
29
separate
living
quarters
with
at
least
seventy-five
30
percent
of
the
space
used
for
residential
purposes
31
multiresidential
property
,
or
residential
property
32
which
is
located
within
the
limits
of
a
city.
33
Sec.
13.
Section
404.3,
subsection
4,
Code
2013,
is
34
amended
to
read
as
follows:
35
4.
All
qualified
real
estate
assessed
as
36
residential
property
or
assessed
as
commercial
37
property,
if
the
commercial
property
consists
of
38
three
or
more
separate
living
quarters
with
at
least
39
seventy-five
percent
of
the
space
used
for
residential
40
purposes,
or
assessed
as
multiresidential
property
is
41
eligible
to
receive
a
one
hundred
percent
exemption
42
from
taxation
on
the
actual
value
added
by
the
43
improvements.
The
exemption
is
for
a
period
of
ten
44
years.
45
Sec.
14.
Section
441.21,
subsection
8,
paragraph
b,
46
Code
2013,
is
amended
to
read
as
follows:
47
b.
Notwithstanding
paragraph
“a”
,
any
construction
48
or
installation
of
a
solar
energy
system
on
property
49
classified
as
agricultural,
residential,
commercial,
50
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multiresidential,
or
industrial
property
shall
not
1
increase
the
actual,
assessed
,
and
taxable
values
of
2
the
property
for
five
full
assessment
years.
3
Sec.
15.
Section
441.21,
subsections
9
and
10,
Code
4
2013,
are
amended
to
read
as
follows:
5
9.
Not
later
than
November
1,
1979,
and
November
6
1
of
each
subsequent
year,
the
director
shall
7
certify
to
the
county
auditor
of
each
county
the
8
percentages
of
actual
value
at
which
residential
9
property,
agricultural
property,
commercial
property,
10
industrial
property,
multiresidential
property,
and
11
property
valued
by
the
department
of
revenue
pursuant
12
to
chapters
428
,
433
,
434
,
437
,
and
438
in
each
13
assessing
jurisdiction
in
the
county
shall
be
assessed
14
for
taxation.
The
county
auditor
shall
proceed
15
to
determine
the
assessed
values
of
agricultural
16
property,
residential
property,
commercial
property,
17
industrial
property,
multiresidential
property,
and
18
property
valued
by
the
department
of
revenue
pursuant
19
to
chapters
428
,
433
,
434
,
437
,
and
438
by
applying
20
such
percentages
to
the
current
actual
value
of
such
21
property,
as
reported
to
the
county
auditor
by
the
22
assessor,
and
the
assessed
values
so
determined
shall
23
be
the
taxable
values
of
such
properties
upon
which
the
24
levy
shall
be
made.
25
10.
The
percentage
of
actual
value
computed
by
26
the
director
for
agricultural
property,
residential
27
property,
commercial
property,
industrial
property
,
28
multiresidential
property,
and
property
valued
by
the
29
department
of
revenue
pursuant
to
chapters
428
,
433
,
30
434
,
437
,
and
438
and
used
to
determine
assessed
values
31
of
those
classes
of
property
does
not
constitute
a
rule
32
as
defined
in
section
17A.2,
subsection
11
.
33
Sec.
16.
Section
441.21,
Code
2013,
is
amended
by
34
adding
the
following
new
subsection:
35
NEW
SUBSECTION
.
13.
a.
Beginning
with
valuations
36
established
on
or
after
January
1,
2014,
mobile
home
37
parks,
manufactured
home
communities,
land-leased
38
communities,
assisted
living
facilities,
and
that
39
portion
of
a
building
that
is
used
for
human
habitation
40
and
a
proportionate
share
of
the
land
upon
which
41
the
building
is
situated,
even
if
the
use
for
human
42
habitation
is
not
the
primary
use
of
the
building,
and
43
regardless
of
the
number
of
dwelling
units
located
44
in
the
building,
and
not
otherwise
classified
as
45
residential
property,
shall
be
valued
as
a
separate
46
class
of
property
known
as
multiresidential
property
47
and,
excluding
properties
referred
to
in
section
48
427A.1,
subsection
8,
shall
be
assessed
at
a
percentage
49
of
its
actual
value,
as
determined
in
this
subsection.
50
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85
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For
valuations
established
for
the
assessment
year
1
beginning
January
1,
2014,
the
percentage
of
actual
2
value
as
equalized
by
the
director
of
revenue
as
3
provided
in
section
441.49
at
which
multiresidential
4
property
shall
be
assessed
shall
be
ninety
percent.
5
For
valuations
established
for
the
assessment
year
6
beginning
January
1,
2015,
the
percentage
of
actual
7
value
as
equalized
by
the
director
of
revenue
as
8
provided
in
section
441.49
at
which
multiresidential
9
property
shall
be
assessed
shall
be
eighty
percent.
10
For
valuations
established
for
the
assessment
year
11
beginning
January
1,
2016,
the
percentage
of
actual
12
value
as
equalized
by
the
director
of
revenue
as
13
provided
in
section
441.49
at
which
multiresidential
14
property
shall
be
assessed
shall
be
seventy
percent.
15
For
valuations
established
for
the
assessment
year
16
beginning
January
1,
2017,
the
percentage
of
actual
17
value
as
equalized
by
the
director
of
revenue
as
18
provided
in
section
441.49
at
which
multiresidential
19
property
shall
be
assessed
shall
be
sixty
percent.
20
For
valuations
established
for
the
assessment
year
21
beginning
January
1,
2018,
and
each
assessment
year
22
thereafter,
the
percentage
of
actual
value
as
equalized
23
by
the
director
of
revenue
as
provided
in
section
24
441.49
at
which
multiresidential
property
shall
be
25
assessed
shall
be
equal
to
the
percentage
of
actual
26
value
at
which
property
assessed
as
residential
27
property
is
assessed
under
subsection
4
for
the
same
28
assessment
year,
after
application
of
the
limitations
29
on
increases
in
residential
property
provided
for
in
30
this
section.
31
b.
Accordingly,
the
assessor
may
assign
more
than
32
one
classification
to
a
parcel
of
property
that,
in
33
part,
satisfies
the
requirements
of
this
subsection.
34
c.
In
no
case,
however,
shall
property
that
is
35
rented
or
leased
to
low-income
individuals
and
families
36
as
authorized
by
section
42
of
the
Internal
Revenue
37
Code,
and
that
is
subject
to
assessment
procedures
38
relating
to
section
42
property
under
section
441.21,
39
subsection
2,
or
a
hotel,
motel,
inn,
or
other
building
40
where
rooms
or
dwelling
units
are
usually
rented
for
41
less
than
one
month
be
classified
as
multiresidential
42
property
under
this
subsection.
43
d.
As
used
in
this
subsection:
44
(1)
“Assisted
living
facility”
means
property
for
45
providing
assisted
living
as
defined
in
section
231C.2.
46
“Assisted
living
facility”
also
includes
a
health
care
47
facility,
as
defined
in
section
135C.1,
an
elder
group
48
home,
as
defined
in
section
231B.1,
a
child
foster
care
49
facility
under
chapter
237,
or
property
used
for
a
50
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85
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hospice
program
as
defined
in
section
135J.1.
1
(2)
“Dwelling
unit”
means
an
apartment,
group
of
2
rooms,
or
single
room
which
is
occupied
as
separate
3
living
quarters
or,
if
vacant,
is
intended
for
4
occupancy
as
separate
living
quarters,
in
which
a
5
tenant
can
live
and
sleep
separately
from
any
other
6
persons
in
the
building.
7
(3)
“Land-leased
community”
means
the
same
as
8
defined
in
sections
335.30A
and
414.28A.
9
(4)
“Manufactured
home
community”
means
the
same
as
10
a
land-leased
community.
11
(5)
“Mobile
home
park”
means
the
same
as
defined
in
12
section
435.1.
13
Sec.
17.
Section
558.46,
subsection
5,
Code
2013,
14
is
amended
to
read
as
follows:
15
5.
For
the
purposes
of
this
section
,
“residential
16
property”
includes
commercial
multiresidential
property
17
as
defined
in
section
441.21,
subsection
13,
consisting
18
of
three
or
more
separate
living
quarters
with
at
least
19
seventy-five
percent
of
the
space
used
for
residential
20
purposes.
21
Sec.
18.
APPLICABILITY.
This
division
of
this
22
Act
applies
to
assessment
years
beginning
on
or
after
23
January
1,
2014.
24
DIVISION
IV
25
TELECOMMUNICATIONS
COMPANY
PROPERTY
TAXATION
26
Sec.
19.
Section
427A.1,
subsection
1,
paragraph
h,
27
Code
2013,
is
amended
to
read
as
follows:
28
h.
Property
assessed
by
the
department
of
revenue
29
pursuant
to
sections
428.24
to
428.29
,
or
chapters
433
,
30
434
,
437
,
437A
,
and
438
.
31
Sec.
20.
Section
427A.1,
subsection
1,
Code
2013,
32
is
amended
by
adding
the
following
new
paragraph:
33
NEW
PARAGRAPH
.
0i.
Qualified
telephone
company
34
property
that
is
used
in
the
transaction
of
telegraph
35
and
telephone
business
by
a
company
that
is
subject
to
36
assessment
by
the
department
of
revenue
pursuant
to
37
chapter
433.
“Qualified
telephone
company
property”
38
means
poles,
aerial
cable,
underground
cable,
buried
39
cable,
submarine
and
deep
sea
cable,
intrabuilding
40
network
cable,
aerial
wire,
and
conduit
systems,
all
41
within
the
meaning
of
the
telecommunications
companies
42
account
provisions
of
47
C.F.R.
pt.
32,
in
effect
on
43
the
effective
date
of
this
division
of
this
Act.
44
Sec.
21.
Section
433.1,
subsection
4,
Code
2013,
is
45
amended
to
read
as
follows:
46
4.
The
whole
number
of
stations
on
each
line,
and
47
the
value
of
the
same
,
including
furniture
.
48
Sec.
22.
Section
433.4,
Code
2013,
is
amended
to
49
read
as
follows:
50
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85
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19
433.4
Assessment.
1
The
director
of
revenue
shall
on
or
before
October
2
31
each
year
and
in
the
same
manner
and
subject
to
the
3
provisions
for
the
assessment
of
property
assessed
4
as
commercial
property
by
the
local
assessor
under
5
chapters
427,
427A,
427B,
428,
and
441
,
proceed
to
find
6
the
actual
value
of
the
property
of
these
companies
7
in
this
state
that
is
used
by
the
companies
in
the
8
transaction
of
telegraph
and
telephone
business
,
taking
9
into
consideration
the
information
obtained
from
the
10
statements
required,
and
any
further
information
the
11
director
can
obtain,
using
the
same
as
a
means
for
12
determining
the
actual
cash
value
of
the
property
13
of
these
companies
within
this
state.
The
director
14
shall
also
take
into
consideration
the
valuation
of
15
all
property
of
these
companies,
including
franchises
16
and
the
use
of
the
property
in
connection
with
lines
17
outside
the
state,
and
making
these
deductions
as
may
18
be
necessary
on
account
of
extra
value
of
property
19
outside
the
state
as
compared
with
the
value
of
20
property
in
the
state,
in
order
that
the
actual
cash
21
value
of
the
property
of
the
company
within
this
state
22
may
be
ascertained.
The
assessment
shall
include
23
all
property
of
every
kind
and
character
whatsoever,
24
real,
personal,
or
mixed,
used
by
the
companies
in
the
25
transaction
of
telegraph
and
telephone
business;
and
26
the
The
property
so
included
in
the
assessment
shall
27
not
be
taxed
in
any
other
manner
than
as
provided
in
28
this
chapter
.
29
Sec.
23.
Section
441.21,
subsection
5,
Code
2013,
30
is
amended
to
read
as
follows:
31
5.
For
valuations
established
as
of
January
1,
32
1979,
commercial
property
and
industrial
property,
33
excluding
properties
referred
to
in
section
427A.1,
34
subsection
8
,
shall
be
assessed
as
a
percentage
of
35
the
actual
value
of
each
class
of
property.
The
36
percentage
shall
be
determined
for
each
class
of
37
property
by
the
director
of
revenue
for
the
state
in
38
accordance
with
the
provisions
of
this
section
.
For
39
valuations
established
as
of
January
1,
1979,
the
40
percentage
shall
be
the
quotient
of
the
dividend
and
41
divisor
as
defined
in
this
section
.
The
dividend
42
for
each
class
of
property
shall
be
the
total
actual
43
valuation
for
each
class
of
property
established
for
44
1978,
plus
six
percent
of
the
amount
so
determined.
45
The
divisor
for
each
class
of
property
shall
be
the
46
valuation
for
each
class
of
property
established
for
47
1978,
as
reported
by
the
assessors
on
the
abstracts
48
of
assessment
for
1978,
plus
the
amount
of
value
49
added
to
the
total
actual
value
by
the
revaluation
50
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SF295.1736
(2)
85
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of
existing
properties
in
1979
as
equalized
by
the
1
director
of
revenue
pursuant
to
section
441.49
.
For
2
valuations
established
as
of
January
1,
1979,
property
3
valued
by
the
department
of
revenue
pursuant
to
4
chapters
428
,
433
,
437
,
and
438
shall
be
considered
5
as
one
class
of
property
and
shall
be
assessed
as
a
6
percentage
of
its
actual
value.
The
percentage
shall
7
be
determined
by
the
director
of
revenue
in
accordance
8
with
the
provisions
of
this
section
.
For
valuations
9
established
as
of
January
1,
1979,
the
percentage
10
shall
be
the
quotient
of
the
dividend
and
divisor
as
11
defined
in
this
section
.
The
dividend
shall
be
the
12
total
actual
valuation
established
for
1978
by
the
13
department
of
revenue,
plus
ten
percent
of
the
amount
14
so
determined.
The
divisor
for
property
valued
by
15
the
department
of
revenue
pursuant
to
chapters
428
,
16
433
,
437
,
and
438
shall
be
the
valuation
established
17
for
1978,
plus
the
amount
of
value
added
to
the
total
18
actual
value
by
the
revaluation
of
the
property
by
19
the
department
of
revenue
as
of
January
1,
1979.
20
For
valuations
established
as
of
January
1,
1980,
21
commercial
property
and
industrial
property,
excluding
22
properties
referred
to
in
section
427A.1,
subsection
23
8
,
shall
be
assessed
at
a
percentage
of
the
actual
24
value
of
each
class
of
property.
The
percentage
25
shall
be
determined
for
each
class
of
property
by
26
the
director
of
revenue
for
the
state
in
accordance
27
with
the
provisions
of
this
section
.
For
valuations
28
established
as
of
January
1,
1980,
the
percentage
29
shall
be
the
quotient
of
the
dividend
and
divisor
as
30
defined
in
this
section
.
The
dividend
for
each
class
31
of
property
shall
be
the
dividend
as
determined
for
32
each
class
of
property
for
valuations
established
as
33
of
January
1,
1979,
adjusted
by
the
product
obtained
34
by
multiplying
the
percentage
determined
for
that
year
35
by
the
amount
of
any
additions
or
deletions
to
actual
36
value,
excluding
those
resulting
from
the
revaluation
37
of
existing
properties,
as
reported
by
the
assessors
38
on
the
abstracts
of
assessment
for
1979,
plus
four
39
percent
of
the
amount
so
determined.
The
divisor
40
for
each
class
of
property
shall
be
the
total
actual
41
value
of
all
such
property
in
1979,
as
equalized
by
42
the
director
of
revenue
pursuant
to
section
441.49
,
43
plus
the
amount
of
value
added
to
the
total
actual
44
value
by
the
revaluation
of
existing
properties
in
45
1980.
The
director
shall
utilize
information
reported
46
on
the
abstracts
of
assessment
submitted
pursuant
47
to
section
441.45
in
determining
such
percentage.
48
For
valuations
established
as
of
January
1,
1980,
49
property
valued
by
the
department
of
revenue
pursuant
50
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85
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19
to
chapters
428
,
433
,
437
,
and
438
shall
be
assessed
1
at
a
percentage
of
its
actual
value.
The
percentage
2
shall
be
determined
by
the
director
of
revenue
in
3
accordance
with
the
provisions
of
this
section
.
For
4
valuations
established
as
of
January
1,
1980,
the
5
percentage
shall
be
the
quotient
of
the
dividend
and
6
divisor
as
defined
in
this
section
.
The
dividend
shall
7
be
the
total
actual
valuation
established
for
1979
by
8
the
department
of
revenue,
plus
eight
percent
of
the
9
amount
so
determined.
The
divisor
for
property
valued
10
by
the
department
of
revenue
pursuant
to
chapters
428
,
11
433
,
437
,
and
438
shall
be
the
valuation
established
12
for
1979,
plus
the
amount
of
value
added
to
the
total
13
actual
value
by
the
revaluation
of
the
property
by
14
the
department
of
revenue
as
of
January
1,
1980.
For
15
valuations
established
as
of
January
1,
1981,
and
16
each
year
thereafter,
the
percentage
of
actual
value
17
as
equalized
by
the
director
of
revenue
as
provided
18
in
section
441.49
at
which
commercial
property
and
19
industrial
property,
excluding
properties
referred
to
20
in
section
427A.1,
subsection
8
,
shall
be
assessed
21
shall
be
calculated
in
accordance
with
the
methods
22
provided
herein,
except
that
any
references
to
six
23
percent
in
this
subsection
shall
be
four
percent.
For
24
valuations
established
as
of
January
1,
1981,
and
25
each
year
thereafter,
the
percentage
of
actual
value
26
at
which
property
valued
by
the
department
of
revenue
27
pursuant
to
chapters
428
,
433
,
437
,
and
438
shall
be
28
assessed
shall
be
calculated
in
accordance
with
the
29
methods
provided
herein,
except
that
any
references
to
30
ten
percent
in
this
subsection
shall
be
eight
percent.
31
For
valuations
established
on
or
after
January
1,
2013,
32
property
valued
by
the
department
of
revenue
pursuant
33
to
chapter
433
shall
be
assessed
at
a
percentage
of
34
its
actual
value.
For
valuations
established
for
35
the
assessment
year
beginning
January
1,
2013,
the
36
percentage
of
actual
value
at
which
property
valued
by
37
the
department
of
revenue
pursuant
to
chapter
433
shall
38
be
assessed
shall
be
eighty
percent.
For
valuations
39
established
for
the
assessment
year
beginning
January
40
1,
2014,
and
each
year
thereafter,
the
percentage
of
41
actual
value
at
which
property
valued
by
the
department
42
of
revenue
pursuant
to
chapter
433
shall
be
assessed
43
shall
be
sixty
percent.
Beginning
with
valuations
44
established
as
of
January
1,
1979,
and
each
year
45
thereafter,
property
valued
by
the
department
of
46
revenue
pursuant
to
chapter
434
shall
also
be
assessed
47
at
a
percentage
of
its
actual
value
which
percentage
48
shall
be
equal
to
the
percentage
determined
by
the
49
director
of
revenue
for
commercial
property,
industrial
50
-17-
SF295.1736
(2)
85
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19
property,
or
property
valued
by
the
department
of
1
revenue
pursuant
to
chapters
428
,
433
,
437
,
and
438
,
2
whichever
is
lowest.
3
Sec.
24.
Section
441.21,
subsections
9
and
10,
Code
4
2013,
are
amended
to
read
as
follows:
5
9.
Not
later
than
November
1,
1979,
and
November
6
1
of
each
subsequent
year,
the
director
shall
certify
7
to
the
county
auditor
of
each
county
the
percentages
8
of
actual
value
at
which
residential
property,
9
agricultural
property,
commercial
property,
industrial
10
property,
property
valued
by
the
department
of
11
revenue
under
chapter
433,
and
property
valued
by
12
the
department
of
revenue
pursuant
to
chapters
428
,
13
433
,
434
,
437
,
and
438
in
each
assessing
jurisdiction
14
in
the
county
shall
be
assessed
for
taxation.
The
15
county
auditor
shall
proceed
to
determine
the
assessed
16
values
of
agricultural
property,
residential
property,
17
commercial
property,
industrial
property,
property
18
valued
by
the
department
of
revenue
under
chapter
19
433,
and
property
valued
by
the
department
of
revenue
20
pursuant
to
chapters
428
,
433
,
434
,
437
,
and
438
by
21
applying
such
percentages
to
the
current
actual
value
22
of
such
property,
as
reported
to
the
county
auditor
by
23
the
assessor,
and
the
assessed
values
so
determined
24
shall
be
the
taxable
values
of
such
properties
upon
25
which
the
levy
shall
be
made.
26
10.
The
percentage
of
actual
value
computed
by
27
the
director
for
agricultural
property,
residential
28
property,
commercial
property,
industrial
property
,
29
property
valued
by
the
department
of
revenue
under
30
chapter
433,
and
property
valued
by
the
department
of
31
revenue
pursuant
to
chapters
428
,
433
,
434
,
437
,
and
32
438
and
used
to
determine
assessed
values
of
those
33
classes
of
property
does
not
constitute
a
rule
as
34
defined
in
section
17A.2,
subsection
11
.
35
Sec.
25.
Section
476.1D,
subsection
10,
Code
2013,
36
is
amended
by
striking
the
subsection.
37
Sec.
26.
EFFECTIVE
DATE.
The
sections
of
this
38
division
of
this
Act
amending
section
441.21,
being
39
deemed
of
immediate
importance,
take
effect
upon
40
enactment.
41
Sec.
27.
APPLICABILITY.
42
1.
Except
as
provided
in
subsection
2,
this
43
division
of
this
Act
applies
to
assessment
years
44
beginning
on
or
after
January
1,
2014.
45
2.
The
sections
of
this
division
of
this
Act
46
amending
section
441.21
apply
retroactively
to
47
assessment
years
beginning
on
or
after
January
1,
48
2013.
>
49
2.
Title
page,
by
striking
lines
1
through
4
and
50
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85
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18/
19
inserting
<
An
Act
relating
to
state
and
local
finances
1
by
establishing
and
modifying
property
assessment
2
limitations,
providing
for
commercial
and
industrial
3
property
tax
replacement
payments,
increasing
4
the
regular
program
foundation
base
percentage,
5
providing
for
the
taxation
of
multiresidential
6
property,
modifying
provisions
for
the
taxation
7
of
telecommunications
company
property,
making
8
appropriations,
and
including
effective
date,
9
retroactive
applicability,
and
other
applicability
10
provisions.
>
11
______________________________
COMMITTEE
ON
WAYS
AND
MEANS
SANDS
of
Louisa,
Chairperson
-19-
SF295.1736
(2)
85
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19/
19