Polk County property owners could see sizable increase in property value


Every odd-numbered year, the county assesses the value of all properties and looking to 2023, they are anticipating a jump.Polk County assessor Randy Ripperger said that property values have nearly doubled since last year.”This next year at 22 percent, by far that’s the biggest change that we’ve seen since I’ve been working here. I’ve been working here since 1980. So, it’s pretty significant change,” Ripperger said.This increase is due to market values for properties outpacing assessments.Homeowners can expect about a 22% increase in property valuation and commercial properties can expect about an 18% increase.This announcement comes as a shock to some homeowners in Polk county who may have to pay more property taxes.”I don’t think anyone wants to pay more money than they have to. So I don’t love the idea of that,” said Rachel Sivi, a Polk county resident.Those tax dollars are used to fund government and county services as well as fund local schools.Residents said if the money is going to make Polk county a better place, they could get behind the increase.”Like if we were contributing to more of the homeless situation. Like our taxes could actually do something good, then I would be ok paying more I guess,” said Sivi.”There’s a lot of sidewalks downtown that the trees aren’t trimmed, there are a lot of things that need to be fixed,” said Drew Dau, who owns a residence in the county. “So, as long as their going to the right stuff, I’m fine with it.”Now once the city has notified a property owner that their property values will be increasing, the owner does have the right to appeal the assessment.Ripperger anticipates they will send out about 190,000 notices.The county will assess properties starting next year.Property owners won’t have to start making the payments on the new amount until September 2024 and March 2025.

Every odd-numbered year, the county assesses the value of all properties and looking to 2023, they are anticipating a jump.

Polk County assessor Randy Ripperger said that property values have nearly doubled since last year.

“This next year at 22 percent, by far that’s the biggest change that we’ve seen since I’ve been working here. I’ve been working here since 1980. So, it’s pretty significant change,” Ripperger said.

This increase is due to market values for properties outpacing assessments.

Homeowners can expect about a 22% increase in property valuation and commercial properties can expect about an 18% increase.

This announcement comes as a shock to some homeowners in Polk county who may have to pay more property taxes.

“I don’t think anyone wants to pay more money than they have to. So I don’t love the idea of that,” said Rachel Sivi, a Polk county resident.

Those tax dollars are used to fund government and county services as well as fund local schools.

Residents said if the money is going to make Polk county a better place, they could get behind the increase.

“Like if we were contributing to more of the homeless situation. Like our taxes could actually do something good, then I would be ok paying more I guess,” said Sivi.

“There’s a lot of sidewalks downtown that the trees aren’t trimmed, there are a lot of things that need to be fixed,” said Drew Dau, who owns a residence in the county. “So, as long as their going to the right stuff, I’m fine with it.”

Now once the city has notified a property owner that their property values will be increasing, the owner does have the right to appeal the assessment.

Ripperger anticipates they will send out about 190,000 notices.

The county will assess properties starting next year.

Property owners won’t have to start making the payments on the new amount until September 2024 and March 2025.



Read More:Polk County property owners could see sizable increase in property value

2022-09-20 03:05:00

Get real time updates directly on you device, subscribe now.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.