Iowa Admin. Code r. 701-102.2 - Assessment and valuation of real estate
(1)
Responsibility of
assessor. The valuation of real estate as established by city and
county assessors shall be the actual value of the real estate as of January 1
of the year in which the assessment is made. New parcels of real estate created
by the division of existing parcels of real estate shall be assessed separately
as of January 1 of the year following the division of the existing parcel of
real estate.
(2)
Responsibility of other assessing officials. Whenever local
boards of review, county auditors, and county treasurers exercise assessment
functions allowed or required by law, they shall follow the provisions of
subrule 102.2(1) and rules
701-102.3 (421,428,441) to
701-102.7 (421,427A,428,441).
This rule is intended to implement Iowa Code sections 421.17, 428.4 and 441.21.
Notes
Editorial change: IAC Supplement 11/2/22; Editorial change: IAC Supplement 10/18/23
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