Sac county Assessor's office
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Justin Barlow, Assessor
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Janet Peterson, Chief Deputy Assessor
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Connie McDonough, Deputy Assessor
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Courthouse Hours:
Monday: 8 a.m. - 4:30 p.m. Tuesday: 8 a.m. - 4:30 p.m. Wednesday: 8 a.m. - 4:30 p.m. Thursday: 8 a.m. - 4:30 p.m. Friday: 8 a.m. - 4:30 p.m. |
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RESPONSIBILITIES
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Address
Assessor's Office 100 NW State Street, Box 3 Sac City, Iowa 50583 Phone Fax 712-662-4492 712-662-7358 |
Email the Sac County Assessor's Office
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General information
Assessors are appointed to their position by a conference board consisting of the members of the Board of Supervisors, the Mayors of all incorporated cities, and a member from each school district within the jurisdiction provided they live in the jurisdiction. Assessors are required, by statute, to pass a state examination and complete a continuing education program consisting of 150 hours of formal classroom instruction with 90 hours tested and 60 hours non-tested. The 150 hours is to be completed for each six year term. The Deputy Assessor also must pass a state examination as well as 60 tested and 30 non-tested hours of continuing education. The conference board approves the assessor's budget and after a public hearing acts on adoption of same.
Understanding 2023 Assessments
Iowa law requires assessors to value residential & commercial property at market value and revalue all property every two years to reflect changes in market value. Research of sales studies and analysis of local conditions as well as economic trends inside the construction industry are used in determining your assessment.
State of Iowa guidelines require our median sales ratio(assessed value/sale price) to be at 95% to 105% of the median sale price. All arm’s-length sales (which exclude transfers such as family, estate and bankruptcy sales) are used to determine the updated valuations. This year Sac County’s residential median ratio was 73.64, which means the total residential values need to be increased 35.8%. The exact percentage change will vary depending on location, age, condition & quality of the property.
Commercial property is valued the same as residential property which is at market value and using the data from a sales ratio report. This year’s commercial ratio was 85.4, which resulted in a 17.1% increase.
Agricultural assessments in Iowa are determined by using a productivity and net earning capacity formula, which is an income approach with the net income capitalized at 7% (dwellings are separate from the formula). The ag. formula is calculated by the Iowa Department of Revenue on a county-by-county basis using a five-year rolling average of expenses and income as determined by the USDA (currently 2017-2021). Every two years the formula is recalculated to determine if a change is needed. For 2023 land values increased 26.5%, with Ag buildings increasing 70-90% due to updating our cost manual.
It is unknown exactly how property taxes will be impacted since the rollbacks for each class will not be determined until this fall but should drop drastically due to the fact the overall taxable value of the State can only increase 3%. Also, the budgets for the next fiscal year will not be set by the taxing authorities, such as Cities, County, Schools etc. until early 2024.
If you disagree with your value, you may ask the Assessor’s Office to conduct an informal review beginning Monday, April 3rd, through Tuesday, April 25th, 2023.
You may also file a petition with the local Board of Review on or after April 2nd, through April 30, 2023. Owners may obtain petitions to the Board of Review from the Assessor’s Office, call to request a petition form be mailed, or download a form from the Department of Revenue’s website at https://tax.iowa.gov/forms/petition-local-board-review-regular-session-56-064. As the April 30 deadline for appeal to the Board of Review falls on a Sunday this year, all petitions received or postmarked by Monday, May 1, 2023, will be considered filed on time.
Justin Barlow
Sac County Assessor
[email protected]
712-662-4492
State of Iowa guidelines require our median sales ratio(assessed value/sale price) to be at 95% to 105% of the median sale price. All arm’s-length sales (which exclude transfers such as family, estate and bankruptcy sales) are used to determine the updated valuations. This year Sac County’s residential median ratio was 73.64, which means the total residential values need to be increased 35.8%. The exact percentage change will vary depending on location, age, condition & quality of the property.
Commercial property is valued the same as residential property which is at market value and using the data from a sales ratio report. This year’s commercial ratio was 85.4, which resulted in a 17.1% increase.
Agricultural assessments in Iowa are determined by using a productivity and net earning capacity formula, which is an income approach with the net income capitalized at 7% (dwellings are separate from the formula). The ag. formula is calculated by the Iowa Department of Revenue on a county-by-county basis using a five-year rolling average of expenses and income as determined by the USDA (currently 2017-2021). Every two years the formula is recalculated to determine if a change is needed. For 2023 land values increased 26.5%, with Ag buildings increasing 70-90% due to updating our cost manual.
It is unknown exactly how property taxes will be impacted since the rollbacks for each class will not be determined until this fall but should drop drastically due to the fact the overall taxable value of the State can only increase 3%. Also, the budgets for the next fiscal year will not be set by the taxing authorities, such as Cities, County, Schools etc. until early 2024.
If you disagree with your value, you may ask the Assessor’s Office to conduct an informal review beginning Monday, April 3rd, through Tuesday, April 25th, 2023.
You may also file a petition with the local Board of Review on or after April 2nd, through April 30, 2023. Owners may obtain petitions to the Board of Review from the Assessor’s Office, call to request a petition form be mailed, or download a form from the Department of Revenue’s website at https://tax.iowa.gov/forms/petition-local-board-review-regular-session-56-064. As the April 30 deadline for appeal to the Board of Review falls on a Sunday this year, all petitions received or postmarked by Monday, May 1, 2023, will be considered filed on time.
Justin Barlow
Sac County Assessor
[email protected]
712-662-4492