Iowa Admin. Code r. 701-102.7 - Valuation of industrial machinery
Industrial machinery as referred to in Iowa Code section 427A.1(1) "e" shall include all machinery used in manufacturing establishments and shall be assessed as real estate even though such machinery might be assessed as personal property if not used in a manufacturing establishment.
In determining the actual value of industrial machinery assessed as real estate, the assessor shall give consideration to the "Industrial Machinery and Equipment Valuation Guide" issued by the department of revenue and any other relevant data available.
This rule is intended to implement Iowa Code sections 421.17, 427A.1, 428.4 and 441.21.
Notes
Editorial change: IAC Supplement 11/2/22
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.