Rich, your Realtor or builder should be able to explain in more detail, but here are the basics.... Property taxes are paid in two installments in arrears. The property taxes that you pay in September 2013 and March 2014 are for the tax fiscal year 7/1/12 - 6/30/13. They are based on assessed value as of January 1, 2012. So whatever the county assessor has as value as at January 1, 2012, that is what you will pay taxes on - so if the property contained a house, then you will pay on the home and land. Check the assessed value on Polk or Dallas County Assessors website.
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Des Moines, Iowa
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