This spread sheet lists tax levies for Johnson County, Iowa that will be used in the computation of property taxes payable in FY23, due September 1, 2024 and March 1, 2025 (based on 2023 assessments). The levies on the schedule are represented in dollars per $1,000 valuation.
2023 Assessed Values taxes payable 2024-2025
Click here for information on rollbacks
The assessed value of property will be rolled back as follows:
- Residential: 46.3428%
- Ag Land: 71.8370%
- Commercial: 46.3428/90% up to $150,000 & 90.0000% above $150,000
- Industrial: 46.3428/90% up to $150,000 & 90.0000% above $150,000
- Railroads:46.3428/90%% up to $150,000 & 90.0000% above $150,000
- Homestead Reimbursement 100%
Below is an example of a residential tax calculation for a military veteran, City of Iowa City, Iowa City Community School District.
$300,000 Assessed value (100% value)
X .463428 Rollback percentage (residential class)
= $130,928.4 Rollback value (taxable)
Less $4,000 Military exemption (if applicable)
= $126.928.4 Net taxable value
X .04078510 Levy divided by $1,000 (varies with taxing district. Example is ICI, IC)
= $5,176.79 Gross tax
Less $3,250 65+ Homestead Credit (if applicable)
$1,926.79 Property tax (rounded to the nearest even dollar)
*Homestead Credit = [full homestead value x levy for the tax dist x % reimbursement this year by State (100%)]