All homes must show there true Fair market value for assessment purposes as of Jan 1st unless a government agency has a special pre request! So ith a 1% increase in value when the country has averaged almost 20% decline we are very fortunate to live here in the metro!
Oh wait when I read my protest form for Polk county I am confused because it is not asking me to show the board of review real values live sold closings the past 6 months, but to protest I have to show where my homes value is assessed to high compared to other homes in the same area's assessments>>
So Polk county can assess all homes higher than they can ever be sold at? And according to Iowa law that is now considered Fair Market Value? I am confused! :-)
I'm sure you would know the answer to this question better than I would, but I'm going to get my two cents in here....
1) Foreclosures aren't hammering Des Moines (yet) as much as the rest of the country. Check out the link below for the statistics.
2) Des Moines has been named 'A Magnet For Families' by Kiplinger's Magazine.
3) I try to keep the market statistics updated on a weekly basis on my blog. Here's a link to it:
You'll have to let me know if you think that covers the question. I'm sure you have an opinion.. let me know your feelings on the subject.
I think the statistics prove that Des Moines hasn't seen the huge declines other markets have seen.
Keep the conversation going!
Keep creating...raving fan clients,
Wealth Creation Specialist
Four Legacies Mortgage