POLK COUNTY, Iowa- Polk County, Iowa homes have risen in value an average of 10-percent since the last assessment in 2017. Polk County Assessor Randy Rippenger tells WHO Radio News some neighborhoods will see higher increases.
Ripperger says the increase reflects the change in market value since the last time appraisers looked at values. By law, that must be done every odd-numbered year. Owners had to receive notice of the change by April 1st.
He says it's been a seller's market, and homes under $300,000 have been in high demand. The demand is even higher for homes valued at around $150,000.
Polk County expects roughly 9,000 property owners to protest the new assessment and they can do so in two ways:
1) The property owner can request an informal hearing with the appraiser, from April 2nd thru April 25th.
2) File a formal protest with the Polk County Board of Review. The deadline is usually April 30th, but that has been extended through June 5th, because Polk County is part of a federal disaster declaration.
Ripperger says typically, 50-to-60 percent who protest get some type of relief from the Board of Review.
The Dallas County Assessor's Office says homes in the county increased in value an average of 4.83 percent.