441.47 - ADJUSTED VALUATIONS.

        441.47  ADJUSTED VALUATIONS.         The director of revenue on or about August 15, 1977, and every two      years thereafter shall order the equalization of the levels of      assessment of each class of property in the several assessing      jurisdictions by adding to or deducting from the valuation of each      class of property such percentage in each case as may be necessary to      bring the same to its taxable value as fixed in this chapter and      chapters 427 to 443.  The director shall adjust to actual value the      valuation of any class of property as set out in the abstract of      assessment when the valuation is at least five percent above or below      actual value as determined by the director.  For purposes of such      value adjustments and before such equalization the director shall      adopt, in the manner prescribed by chapter 17A, such rules as may be      necessary to determine the level of assessment for each class of      property in each county.  The rules shall cover:         1.  The proposed use of the assessment-sales ratio study set out      in section 421.17, subsection 6.         2.  The proposed use of any statewide income capitalization      studies.         3.  The proposed use of other methods that would assist the      director in arriving at the accurate level of assessment of each      class of property in each assessing jurisdiction.  
         Section History: Early Form
         [C51, § 481, 482; R60, § 742; C73, § 834; C97, § 1379; C24, 27,      31, 35, 39, § 7141; C46, 50, 54, 58, § 442.16; C62, 66, 71, 73,      75, 77, 79, 81, § 441.47] 
         Section History: Recent Form
         2003 Acts, ch 145, §286; 2009 Acts, ch 41, §130