How is agricultural land assessed?

Agricultural land and buildings are not assessed on market value. Corn Suitability Ratings (CSRs) are used to set agricultural land value along with productivity, which includes grain prices, yields, and land owners estimated expenses. This is done county wide on a five year average based on data from USDA and Iowa State University. For example, the years used for the 2011 assessment are 2005-2009. Based on this information, the Iowa Department of Revenue informs the counties what percentage adjustments are needed for agricultural land and buildings.

Show All Answers

1. How do I find my current property value?
2. Do I need to sign for homestead every year?
3. If I am a veteran and have been honorably discharged, what do I need to do to sign up for military exemption?
4. How does the assessor know if I have had home improvements on the inside of my property?
5. If I purchased a home on foreclosure, should my assessed value change?
6. What factors will change my assessed value?
7. What is market value?
8. How does the Assessor determine market value?
9. My assessment information is incorrect. For example, the website says that I have a finished basement and my basement is not finished, how do I correct that?
10. How often is my home reassessed?
11. Doesn't the Assessor raise my value according to the amount of taxes needed?
12. How do I know if my assessed value changes?
13. If I don't agree with my assessed value, what do I do?
14. How is agricultural land assessed?