Updated: Mar 24
MOUND CITY – Linn County Appraiser Kathy Bridges announced on Friday, March 11, that 2022 valuation notices for all real estate parcels in Linn County will be mailed on Tuesday, March 15. Property owners will have an appeal deadline of Thursday, April 14.
"The Appraiser’s Office is required by state law to value property at a fair market value as of January 1 of each year with exception of agricultural land, which is valued by its agricultural use. Valuing at a fair market value means that value should reflect what’s happening in the real estate market," the announcement said.
The release went on tho say that this past year, the housing market has remained strong, and the county has experienced a continuation of increasing home sale prices, with the median sale price indication up 16 percent from the prior year (2021). In addition, due to supply and demand, shortage of housing supply, and low-interest rates, property owners should expect to see an increase in their valuation.
"The average increase in appraised values overall across the county is around 16 percent (excluding sales and new construction). Residential values will vary across the county, depending on numerous factors, including market trends, area demand, and/or changes made to a property," Bridges' statement said.
"Once a property owner receives their new valuation if the appraised value is more than they feel they could reasonably get if the property was sold, or if they feel the classification is incorrectly assigned, then they should consider an appeal."
The reverse side of the valuation notice will have instructions on how to file an appeal, or property owner can directly contact the Linn County Appraiser’s Office.
Once the appeal is receivedl, the Linn County Appraiser’s Office will schedule an informal meeting. Informal appeal meetings can be either by phone, based on evidence submitted, or can be held in person.
It is important to submit documentation to support the appeal. Documentation can include such items as a recent fee appraisal, pictures of the condition that cannot be seen from the exterior of the property, or comparable properties that have sold that the property owner feels more closely represents the value of the property.
Once the informal appeal deadline has expired and a property owner did not initiate a timely appeal, the next opportunity to appeal is when the 2022 tax bills are due, which is on or before Dec. 20, 2022.
If a property owner has questions, they are encouraged to contact the Appraiser’s Office at (913) 795-2536.