Pella Chronicle

Local News

February 23, 2013

Assessment notices to be mailed

Pella — The Marion County Assessor’s office plans to mail 2013 commercial and industrial property assessment notices to property owners this week of February 18th – 22nd. Notices for residential and agricultural property will be mailed toward the end of March.

The notices are intended to inform the property owners of the estimated market value of their property. The values should not be confused with taxable value or the tax bill.

Vanguard Appraisals, Inc. of Cedar Rapids was awarded the contract to reappraise all commercial and industrial classed property in the county on January 22, 2009. This was for the assessment as of January 1, 2013. Company representatives have measured and attempted to inspect all property over the last two years. A sales analysis and a review of the information collected were conducted before the values were finalized.

Commercial and industrial property owners will have an opportunity to meet with a representative of Vanguard Appraisals, Inc., beginning March 18th, 2013. These meetings are an opportunity for the property owner to submit any information which may affect the estimate of market value of their property. Property owners who wish to meet with a representative of Vanguard must request an appointment prior to March 13th, 4:30 p.m. by calling the county assessor’s office at 641 – 828 - 2215.

The County Assessor estimates that it has been at least 20 years since the last complete reappraisal of these classes of properties. The current reappraisal was conducted to equalize assessed values since not all properties have decreased or increased at the same rate since the last complete reappraisal. Company representatives will not adjust the assessed values if the property owner objects to the new values based solely on the fact that there was an increase in assessed value. Property owners who disagree with the new values should be prepared to state their estimate of market value and present evidence to support that estimate.

Property owners will still have an opportunity to protest the new assessed values to the Board of Review. A written protest must be submitted between April 15 and May 6 for the Board of Review to consider any adjustment.

Unless there is a value change, these assessment notices will be your notification of your 2013 valuation. If values do change, a new notice will be mailed before April 15th. The 2013 assessment will be the basis for the property taxes of September 2014 and March 2015. The property taxes will be dependent on the taxable value and levy rates.

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