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Updated about 7 years ago on . Most recent reply

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128
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Mitch H.
  • Investor
  • Denver, CO
23
Votes |
128
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Are Polk County Property Taxes reset upon sale?

Mitch H.
  • Investor
  • Denver, CO
Posted

Do property taxes in Iowa get reset upon sale at the sale price? Or do appraisers set values to recent sales of the property when reviewing values?

Most Popular Reply

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341
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170
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Chase Keller
  • CCIM
  • Des Moines, IA
170
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341
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Chase Keller
  • CCIM
  • Des Moines, IA
Replied

Hey @Mitch H.

Property taxes do get reset upon a purchase.  While really slow and inefficient, they aren't dumb.  
Otherwise assessors are on a 2-ish year cycle for reassessments.  
As far as how they determine values...who knows.  They're consistently inaccurate in my experience.  However, they are typically a bit lower than what I think a sale could bring.  

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