We are doing great! Just looked at most of our new assessments from Polk, Jasper & Warren county! The average home we own went up 1% in value over the past 2 years! As we all know Iowa law states:
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! :-)