House
File
38
-
Introduced
HOUSE
FILE
38
BY
MURPHY
A
BILL
FOR
An
Act
relating
to
the
assessment
and
taxation
of
platted
lots
1
and
including
effective
date
and
retroactive
applicability
2
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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1133HH
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H.F.
38
Section
1.
Section
441.72,
Code
2011,
is
amended
to
read
as
1
follows:
2
441.72
Assessment
of
platted
lots.
3
When
a
subdivision
plat
is
recorded
pursuant
to
chapter
4
354
,
the
individual
lots
within
the
subdivision
plat
shall
not
5
be
assessed
in
excess
of
the
total
assessment
of
the
land
as
6
acreage
or
unimproved
property
for
three
four
years
after
the
7
recording
of
the
plat
or
until
the
lot
is
actually
improved
8
with
permanent
construction,
whichever
occurs
first.
When
an
9
individual
lot
has
been
improved
with
permanent
construction,
10
the
lot
shall
be
assessed
for
taxation
purposes
as
provided
in
11
chapter
428
and
this
chapter
.
This
section
does
not
apply
to
12
special
assessment
levies.
13
Sec.
2.
EFFECTIVE
UPON
ENACTMENT
AND
RETROACTIVE
14
APPLICABILITY.
This
Act,
being
deemed
of
immediate
importance,
15
takes
effect
upon
enactment
and
applies
retroactively
to
16
January
1,
2011,
for
assessment
years
beginning
on
or
after
17
that
date.
18
EXPLANATION
19
Current
Code
section
441.72
provides
that
individual
lots
20
within
a
subdivision
plat
shall
not
be
assessed
for
property
21
tax
purposes
in
excess
of
the
total
assessment
of
the
land
22
as
acreage
or
unimproved
property
for
three
years
after
the
23
recording
of
the
plat
or
until
the
lot
is
actually
improved
24
with
permanent
construction,
whichever
occurs
first.
This
bill
25
changes
the
assessment
limitation
period
from
three
years
to
26
four
years.
27
The
bill
takes
effect
upon
enactment
and
applies
28
retroactively
to
January
1,
2011,
for
assessment
years
29
beginning
on
or
after
that
date.
30
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