County Auditors are required by law (Iowa Code Section 441.21) to apply the following percentages to all assessments within each of these categories:
2023 Rollback for tax payable FY 24-25
| Category | Rollback |
|---|---|
| 1. Agricultural (excluding agricultural dwellings) |
71.8370% |
| 2. Residential (Rural and urban - including agricultural dwellings) |
46.3428% |
|
3. Commercial Realty to the value of each property unit of outside and within incorporated cities and towns: A. 46.3428% to the value of each property unit that exceeds zero dollars ($0), but does not exceed one hundred fifty thousand dollars ($150,000). B. 90.0000% to the value of each property unit that exceeds on hundred fifty thousand dollars ($150,000). |
Tier 1: 46.3428% Tier 2: 90.0000% |
|
4. Industrial (excluding machinery and equipment A. 46.3428% to the value of each property unit that exceeds zero dollars ($0), but does not exceed one hundred fifty thousand dollars ($150,000). B. 90.0000% to the value of each property unit that exceeds on hundred fifty thousand dollars ($150,000). |
Tier 1: 46.3428% Tier 2: 90.0000% |
|
5. Railroad Property A. 46.3428% to the value of each property unit that exceeds zero dollars ($0), but does not exceed one hundred fifty thousand dollars ($150,000). B. 90.0000% to the value of each property unit that exceeds on hundred fifty thousand dollars ($150,000). |
Tier 1: 46.3428% Tier 2: 90.0000% |
| 6. Utility Property | 100% |
Rollbacks from previous tax years
2022 Rollback for taxes payable FY 23-24
|
Category |
Rollback |
|---|---|
| 1. Agricultural (excluding agricultural dwellings) | 91.6430% |
| 2. Residential (Rural and urban -including agricultural dwellings) |
54.6501% |
|
3. Commercial Realty to the value of each property unit of outside and within incorporated cities and towns: A. 54.6501% to the value of each property unit that exceeds zero dollars ($0), but does not exceed one hundred fifty thousand dollars ($150,000). B. 90.0000% to the value of each property unit that exceeds on hundred fifty thousand dollars ($150,000). |
Tier 1: 54.6501% Tier 2: 90.0000% |
|
4. Industrial Realty outside and within incorporated cities and towns: A. 54.6501% to the value of each property unit that exceeds zero dollars ($0), but does not exceed one hundred fifty thousand dollars ($150,000). B. 90.0000% to the value of each property unit that exceeds one hundred fifty thousand dollars ($150,000). |
Tier 1: 54.6501% Tier 2: 90.0000% |
|
5. Railroad Property to the value of each property unit outside and within incorporated cities and towns: A: 54.6501% to the value of each property unit that exceeds zero dollars ($0), but does not exceed one hundred fifty thousand dollars ($150,000). B: 90.0000% to the value of each property unit that exceeds one hundred fifty thousand dollars ($150,000). |
Tier 1: 54.6501% Tier 2: 90.0000% |
| 6. Utility Property | No adjustment |
* Please note there is no longer Multi-Residential it would fall under Residential*
2021 Rollback for taxes payable FY 22-23
|
Category |
Rollback |
|---|---|
| Agricultural (excluding agricultural dwellings) |
89.0412% |
| Residential (Rural and urban - including agricultural dwellings) |
54.1302% |
| Commercial (excluding machinery and equipment assessed as real property pursuant to Section 427A.1(7) of the Iowa Code) |
90.0000% |
| Industrial (excluding machinery and equipment assessed as real property pursuant to Section 427A.1(7) of the Iowa Code) |
90.0000% |
| Multi-Residential | 63.7500% |
| Railroad Property | 90.0000% |
| Utility Property | No adjustment |