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2022-02-01 Iowa City Assessor Conference Board Packet
OFFICE OF THE IOWA CITY ASSESSOR JOHNSON COUNTY ADMINISTRATION BUILDING BRAD COMER ASSESSOR MARK BURKLE CHIEF DEPUTY January 26, 2022 Dear Conference Board Member: The annual meeting of the Iowa City Conference Board for the consideration of the Iowa City Assessor's FY 2023 budget is scheduled for Tuesday, February 1, 2022 at 4:00 P.M. at The Center — Assembly Room. Enclosed for your review before the meeting are: 1. The Agenda. 2. A copy of the March 2, 2021 minutes. 3. The Proposed Budget. 4. Annual performance review responses provided to the Assessor Evaluation Committee (completed by the Assessor) 5. A salary survey. 6. Board of Review Applications. 7. The 2021 Iowa City Assessor's Annual Report. There is an increase in the amount to be raised by the Assessment Expense Fund from last year's amount. The increase consists of: a. $ 11,293 for a 2.50 percent increase in salaries b. $ 9,762 for merit increases. c. $ 24,507 for an extra pay period adjustment. There will be 27 payments made during FY 2023. d. $ 3,486 for an increase in FICA. e. $ 4,301 for an increase in IPERS. f. $ 1,199 for an increase in health insurance. g. $ 26,000 for an increase to mileage & auto h. $ 7,100 for an increase to postage, an alternate year expense i. $ 2,000 for an increase to printing, an alternate year expense j. $ 200 for an increase to life insurance, which is based on salaries k. $ 2.000 for an increase to data processing services. $ 91,848 Total Increase This increase is offset by the following decrease: I. $ 200 to eliminate the equipment maintenance expense m. $ 23.000 to reduce the auto replacement reserve fund. $ 23,200 Total Decrease $ 68,648 Net Increase 913 SOUTH DUBUQUE STREET • IOWA CITY IOWA 52240 TELEPHONE 319-356-6066 The Assessment Expense Fund levy rate will change from 0.25664 to 0.23537. The increase for salaries is based on a 2.50 percent adjustment within the range that Johnson County uses, similar to a cost of living increase. The enclosed salary survey indicates that our salaries fall below those of the most comparable assessment jurisdictions in Iowa. The City Assessor Evaluation Committee met on January 10, 2022 to review the performance of the Assessor and the proposed budget. Merit increases allow step increases similar to the pay plans used by the city, the county and the schools. There is a new one-time addition to the budget for an extra pay period adjustment. There will be 27 pay periods in FY 2023 rather than the normal 26 pay periods. The increases above are also reflected in FICA and IPERS, including the extra pay period. Health insurance was increased due to a projected increase in rates for the next fiscal year. Mileage & auto was increased by $26,000. This is to allow the purchase a new vehicle. The amount was moved from the auto replacement reserve fund that had been building up. Postage and printing were increased, because 2023 will be a reassessment year and we will be mailing assessment rolls to all property owners. Employee life insurance premiums are based on salaries and must be increased when salaries increase. The equipment maintenance expense is being eliminated. Any equipment maintenance expense has been classified under office supplies, so this category is no longer needed. There is an increase of S2,000 for data processing services paid to the Johnson County Information Technology Department. This amount had been at $18,000 since FY 2015 and an increase to $20,000 was requested by the IT Department. The auto replacement reserve fund is starting over. This account builds each year and carries over until a new car is needed. The $23,000 in this fund from FY22 was moved to the mileage & auto expense in anticipation of purchasing a vehicle in FY23. Please feel free to contact me if you have questions about individual items or wish to see any of the supporting documents for this budget. Sincerely, Brad Comer Iowa City Assessor bcomer@johnsoncountylowa.gov (319) 356-6066 2 JOHNSON COUNTY BOARD OF SUPERVISORS IOWA CITY IOWA CITY CITY COUNCII. COMMUNITY SCHOOL BOARD The Iowa City Conference Board Agenda Tuesday, February 1, 2022 4:00 P.M A. Call meeting to order by the Chairperson (Mayor). B. Roll call by taxing body. C. Motion to approve minutes of March 2, 2021 Conference Board meeting. Action: D. FY 23 Budget Comment — The purpose of this meeting is to set a date for a public hearing on the Iowa City Assessor's proposed budget for FY 2023. 1. Assessor presents proposed budget (included in packet) 2. Discuss proposed budget. (Possible closed session, pursuant to Iowa Code Section 21.5(1)(i), to evaluate the professional competency of individuals whose appointment, hiring, performance, or discharge is being considered. A motion must be made to adjourn to executive session.) 3. Motion to approve publication on proposed budget. Action: E. Motion to set date for public hearing. (Suggested date: March 1, 2022) Action: F. Present Board of Review applications 1. Appoint Board of Review member (At -large) Action: 2. Appoint Board of Review member (Registered architect or experienced in building construction) Action: H. Board comments Adjournment. Action: The Conference Board votes as three voting units, with a majority of the members present for each unit detennining the unit's vote. At least two members of a voting unit must be present in order to vote. A quonnn is reached when at least two members from two units are present. IOWA CITY CONFERENCE BOARD MINUTES March 2, 2021 City Conference Board: March 2, 2021 at 5:00 P.M. by electronic meeting, Mayor Bruce Teague presiding. Iowa City Council Members Present: Bergus, Mims, Salih, Taylor, Teague, Thomas, and Weiner. Johnson County Supervisors Present: Green -Douglass, Heiden, Rettig, and Sullivan. Iowa City School Board Members Present: Malone. Others Present: Burkle, Comer, Paustian, Fruin, Monroe, and Fruehling. Digital Recording: March 2, 2021. Chair Bruce Teague called the meeting to order. Clerk Comer called roll and stated that a quorum was present. The County (Sullivan) moved to accept the minutes of the last conference board meeting, February 2, 2021, the City (Taylor) seconded and the motion carried unanimously 2/0. The Iowa City School Board, having only one member present, did not have a vote recorded. Chairman Teague declared the public hearing on the FY 22 Budget open. After no comment from the public, the public hearing was declared closed. The County (Green -Douglass) moved to accept the proposed budget as published in the Iowa City Press -Citizen on February 11, 2021 and the City (Weiner) seconded. The motion carried unanimously 2/0. There being no further business it was moved by the County (Heiden) and seconded by the City (Taylor) to adjourn at 5:02 P.M. Motion carried unanimously 2/0. Brad Comer Clerk, Iowa City Conference Board IOWA CITY ASSESSOR'S OFFICE ITEMIZED BUDGET - ASSESSMENT EXPENSE FUND EMPLOYEE EXPENDITURES FY 2022 FY 2023 INCREASE SALARIES Current Proposed CITY ASSESSOR 126.225 133,167 5.50% CHIEF DEPUTY ASSESSOR 110,837 116,933 5.50% DEPUTY ASSESSOR 102.867 102,867 0.00% OTHER PERSONNEL 276,201 284,218 2.90% MERIT INCREASES (have teen added to salaries above) (10,629) (9,762) SUBTOTAL 1616,130 1637,185 3.42% Proposod salados ireludo more reroasos and cost of living adjustments. EXTRA PAY PERIOD ADJUSTMENT SO 524.507 EMPLOYEE BENEFITS EMPLOYER SHARE: FICA 50,284 53,770 6.93% EMPLOYER SHARE: IPERS 62,033 66,334 6.93% HEALTH INSURANCE 192.265 193,464 0.62% SUBTOTAL 304,582 313,568 2.95% TOTAL EMPLOYEE COST 1920,712 $975,260 5.92% OTHER EXPENDITURES LEAVE CONTINGENCY 120,000 120800 0.00% BOARDS BOARD OF REVIEW 21,000 21000 0 00% BOARD OF REVIEW EXPENSES 200 200 0.00% CONFERENCE BOARD 0 0 EXAMINING BOARD 30 30 0.00% SUBTOTAL $21,230 $21,230 0.00% OFFICE EXPENSES MILEAGE & AUTO 4,500 30,500 577.78% OFFICE SUPPLIES 3,500 3,500 0.00% POSTAGE 2,400 9,500 295.83% TELEPHONE 1,300 1.300 0.00% PUBLICATIONS & SUBSCRIPTIONS 1,000 1,000 0.00% PRINTING 1,500 3,500 133.33% INSURANCE 5,000 5,200 4.00% EQUIPMENT PURCHASE 3,400 3,400 0.00% EQUIPMENT MAINTENANCE 200 - -100.00% UNEMPLOYMENT 2,000 2,000 0.00% DATA PROCESSING SERVICES 18,000 20,000 11.11% HUMAN RESOURCE SERVICES 2,100 2,100 0.00% SOFTWARE MAINTENANCE 18,000 18,000 0.00% BONDS & WORKER'S COMPENSATION 1.900 1,900 0.00% COMPUTER REPLACEMENT 2,500 2,500 0.00% SUBTOTAL 167,300 1104,400 55.13% PROFESSIONAL EXPENSES SCHOOLS & CONFERENCES 13,500 13,500 0.00% DUES 2.000 2.000 0.00% SUBTOTAL 115,500 115.500 0.00% TECHNICAL SERVICE$ LEGAL FEES & EXPERT WITNESSES 75,000 75,000 0.00% AERIAL PHOTOGRAPHY 10,000 10,000 0.00% APPRAISAL SERVICE 1,000 1,000 0.00% SUBTOTAL 186,000 186,000 0.00% TOTAL OTHER EXPENDITURES $210,030 $247,130 17.66% SUBTOTAL EXPENDITURES RESERVES AUTO REPLACEMENT TOTAL RESERVES 11,130,742 $1,222,390 23,000 $ 23,000 $ - TOTAL ASSMT EXPENSE FUND BUDGET $1,153,742 $1,222,390 5.95% UNASSIGNED BALANCE $70,156 1232,753 231.77% TO BE RAISED BY TAXATION 11.083.586 1989,637 $.67% IOWA CITY ASSESSOR'S OFFICE MAXIMUM LEVY ALLOWED MAXIMUM ASSESSMENT EXPENSE FUND 4,204,603,098 X .000675 $2,838,107 (PERS & FICA FUNDS $120,104 UNEMPLOYMENT COMPENSATION & TORT LIABILITY $4,000 MAXIMUM ALLOWED WITHOUT STATE APPROVAL $2,962,211 MAXIMUM EMERGENCY FUND 4,204,603,098 X .00027 $1,135,243 (requires State Appeal Board approval) MAXIMUM THAT COULD BE RAISED BY TAXATION FOR FY 2023 $4,097,454 PRIOR YEARS LEVIES AND RATES ASSESSMENT EXPENSE FUND SPECIAL APPRAISERS FUND TOTAL LEVY FY AMOUNT LEVIED LEVY RATE AMOUNT LEVIED LEVY RATE 1996-97 319,513 0.20450 17,000 0.01088 0.21538 1997-98 318,270 0.19946 52,834 0.03311 0.23257 1998-99 318,699 0.19269 184,357 0.11146 0.30415 1999-00 341,910 0.19784 352.508 0.20398 0.40182 2000-01 359,341 0.19823 180.293 0.09946 0.29769 2001-02 396,829 0.20636 6,442 0.00335 0.20971 2002-03 403,136 0.20694 4,426 0.00227 0.20921 2003-04 412,379 0.20818 10,051 0.00507 0.21325 2004-05 470.398 0.22926 15,728 0.00767 0.23693 2005-06 472,050 0.22525 25,995 0.01240 0.23765 2006-07 529.702 0.23164 0 0 0.23164 2007-08 603,916 0.25868 4,792 0.00205 0.26073 2008-09 611,955 0.24917 1,540 0.00063 0.24980 2009-10 600,013 0.23848 0 0 0.23848 2010-11 621.785 0.23147 8.730 0.00325 0.23472 2011-12 680,786 0.24538 2.608 0.00094 0.24632 2012-13 700,997 0.24164 8.384 0.00289 0.24453 2013-14 769,744 0.25873 N/A N/A 0.25873 2014-15 732,073 0.23866 N/A N/A 0.23866 2015-16 754,689 0.24325 N/A N/A 0.24325 2016-17 804.099 0.24339 N/A N/A 0.24339 2017-18 859,971 0.25141 N/A N/A 0.25141 2018-19 838.975 0.23187 N/A N/A 0.23187 2019-20 743,518 0.19747 N/A N/A 0.19747 2020-21 1,073,957 0.25979 N/A N/A 0.25979 2021-22 1,083,586 0.25664 N/A N/A 0.25664 2022-23 989,637 0.23537 N/A N/A 0.23537 IOWA CITY ASSESSOR'S ANNUAL PERFORMANCE REVIEW Conducted January 2022 (Completed by the Iowa City Assessor) Assessors Name: Brad Comer Date of Review: January 10, 2022 Has the assessor adequately performed all duties as required by the Iowa Code § 441 and as outlined in the assessor's job description? Yes, I have performed the duties as required in the code. Much of the credit goes to our veteran knowledgeable staff who allow our office to operate in a very efficient manner. My role includes managing the staff, as well as handling the commercial and multi -residential assessments. 1 implemented the income approach to value on the apartment properties through a phase in period. This has resulted in a more fair and equitable assessment. I have stayed active in the valuation process, despite being in the managerial position. This allows us to have a more successful office in both productivity and cost efficiency. Has the assessor complied with all applicable Iowa City and Johnson County policies and procedures? Yes, we have complied with those policies and procedures. We follow the Johnson County Employee Handbook. There have not been any staff issues to speak of. Our office consists of a dedicated and dependable group of employees who have a good working relationship with each other. What is Iowa City's ranking on the most recent state listing ofCoefiicients of Dispersion? Also list any other related data, awards, classes or recognitions. Iowa City ranked first in the state for the 8th consecutive year with a residential COD of 7.98. The Coefficient of Dispersion (COD) is a measure of the average deviation from the inedian of selling price to assessment ratios, with a low ratio considered good. The median of the 106 jurisdictions was 22.38. The Price Related Differential (PRD), is an indicator of the degree to which high value properties are over or under assessed in relationship to low value properties. An index of 100.00 indicates no difference in assessments of high value properties in comparison to low value properties. Iowa City was first with a residential PRD of 100.1. The median of all jurisdictions was 107.7, The 2020 commercial sales show that we are ranked 23"i overall with a COD of 18.86, while the median for all jurisdictions was 27.69. Many of the jurisdictions above Iowa City have less than 10 sales. 01' those jurisdictions with at least 10 commercial sales, Iowa City ranks 9`" in COD. Iowa City ranked 11'h overall in multiresidential COD at 7.75, but ranked 131 in jurisdictions with at least 5 sales. Based on the FY 2022 budget, our office has the 12'" lowest assessor levy rate in Iowa. The Iowa City assessor levy is .26312, while the median across all 106 assessing jurisdictions is .40831. When considering 2020 census and FY 2022 assessor budgeted expenses, Iowa City has the 4`h lowest tax per capita to operate the assessor's office among the 20 highest paid assessors. During the past year, I attended 3 separate conferences in Iowa. The Iowa State Association of Counties (ISAC) Annual School of Instruction, the lows State Association of Assessors (ISAA) Annual School of Instruction, and the Institute of Iowa Certified Assessors (1ICA) Seminar and Workshop. l also attended the 1SAC Spring School ol'Instruction and the North Central Regional Association of Assessing Officers (NCRAAO) through webinars. These conferences covered a variety of educational topics. I am currently serving on the IDR (Iowa Department of Revenue)/ISAC Working Group SF295 and the ISAA Exemption Committee. This past fall 1 completed my second year as the chairperson of the ISAA Ways and Means Committee. The IICA held a conference in Iowa City last summer. 1 served as co - chairperson on the 5 member committee that organized the education and evening events. In the past I have worked on numerous committees for the ISAA, as well as representing the East Central District of Assessors as their chairperson. List any pertinent input (anonymously) from the assessor's staff', the community and/or the Review Board regarding the assessor's performance. I have not received complaints from the public, the community, the Board of Review or the staff. l encourage you to talk with anyone who may interact with our office. We take great pride in being very responsive to any request. as well as being fair and understanding when dealing with property owners. We do our best to explain our process with comparable sales and assessments. Taxpayers are often thankful for the consideration given to their concerns by our staff, whether that results in a change in assessment or not. In the past, I have done presentations for the Iowa City Area Association of Realtors, Greater Iowa City Area Apartment Association, Skogman Realtors. and the Iowa City Downtown District. These engagements have provided me the opportunity to educate the public on the assessment process, as well as receive good feedback. Review previous goals and objectives: 1. Continue in-house re -appraisal of all single family residential properties in Iowa City with a goal of 1200 properties visited by 1/1/2022. These will likely be limited to exterior inspections only due to COVID considerations. Progress for the 2021 year reached 751 property visits by our revaluation appraiser. This is less than our goal and will be considered as we assign responsibilities to new staff tnembers. We do have one employee who reviews all properties that are for sale on the multiple listing service. Much information is able to be retrieved through this method that is not included in our number above. 2. Install the 2020 Iowa Department of Revenue Appraisal Manual on our Camavision software and review the changes. The new manual will be a work in progress until the 2023 assessments. The software was installed in July 2020. There have been many parcels that our staff has been updating the old pricing or moving the old items to newly created table entries. We have made a lot of progress and will continue this until the 2023 assessments. 3. Continue the training segment during office meetings. Additional topics may include homestead credits and military exemptions. This has been successful and will be very important to continue as the upcoming year will introduce multiple new employees to our office. Our current staff has a great amount of knowledge to share. Other goals: List goals, objectives and areas of concern for the coming year: I. Staffing — determine whether to keep the deputy position or have 2 appraisers. Re -define job duties. We have 3 position openings which creates some opportunities to restructure our office based on the skills of the new hires. We are losing a Deputy Assessor, GIS Specialist, and an Appraiser. Chief Deputy and I will evaluate how to move forward. 2. Finish the 2020 Iowa Real Property Appraisal Manual conversion in our real estate software and apply new values for 2023 revaluation. 3. Mail income and expense requests in the spring. 4. Include an appraiser on commercial inspections/analysis. In order to diversify our staff responsibilities 1 need to train or share in the commercial appraisals so our staff is not dependent on me to respond to any commercial inquiries. 5. Analyze land values for all classes of property and revalue as needed for the 2023 assessment. 6. Assign in-house re-appralsai to multiple appraisers in order to increase the number of properties visited annually. Increased numbers may not be reflected this year due to new hires getting up to speed. Employee Comments pertaining to this review: Signed: Employee Conference Board Evaluation Committee artiAct Tom_ low City City Council a Ci Scb Board o nson County Supervisor Date: January 10, 2022 January 10, 2022 1/2522 ***1:*****0:.*****1:***4''I *a****a 404.*M*NMP44*s***4*0***4*4.0***********'%*a** 4***4** JURISDICTION SALARY SURVEY 01 02 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 % RAISE % RAISE % RAISE 1ST SALARY SALARY SALARY SALARY SALARY SALARY SALARY SALARY SALARY SALARY SALARY 1 YEAR 5 YEAR 20 YEAR DEPUTY AMES POLK COUNTY POTTAWATTAMIE STORY CEDAR RAPIDS JOHNSON DAVENPORT DALLAS SIOUX CITY LINN 79,959 93,867 74,764 69,300 74,378 63,500 67,836 57,200 68,294 65,472 116,662 122,330 108,067 104,485 114,015 101,616 97,189 88,904 86,537 93,581 120,322 125,157 111,307 106,575 117,171 106,976 98,160 91,572 91,000 95,764 123,943 127,974 115,087 108,705 120,083 111,297 100,756 93,403 93,730 99,563 127,668 131,493 118,155 111,670 122,484 114,640 104,453 102,650 96,073 102,550 131,300 135,437 123,526 116,150 125,546 117,506 106,135 105,730 98,955 105,622 137,770 138,822 127,868 123,000 128,057 122,206 107,842 112,074 101,429 109,685 143,302 142,639 131,609 126,690 130,618 127,094 109,998 118,747 122,990 122,000 150,472 146,204 135,613 130,490 134,521 132,178 125,399 124,738 126,672 125,660 156,208 149,859 139,474 135,710 138,556 136,141 128,664 130,931 130,146 129,430 164,018 153,604 143,114 142,970 141,327 141,247 137,672 136,170 133,725 132,018 5.00% 2.50% 2.61% 5.35% 2.00% 3.75% 7.00% 4.00% 2.75% 2.00% 24.92% 13.41% 15.86% 23.09% 12.57% 20.20% 29.71% 28.79% 35.14% 24.99% 105.13% 63.64% 91.42% 106.31% 90.01% 122.44% 102.95% 138.06% 95.81% 101.64% 131,231 143,324 121,647 114,375 122,105 119,526 124,161 115,748 106,980 119,062 (10WA CITY 63,340 94,970 99,010 103,340 100,000 104,500 108,680 112,755 116,983 121,370 126,225 4.00% 20.79% 99.28% 110,837 WOODBURY CLINTON CO DUBUQUE CITY BLACKHAWK BOONE MUSCATINE SCOTT DUBUQUE COUNTY CERRO GORDO 63,600 102,478 66,083 66,200 45,000 66,432 62,666 62,500 66,000 89,660 146,525 89,937 90,420 88,000 91,540 93,316 85,912 91,740 94,080 150,188 92,635 92,457 93,380 94,280 95,183 88,489 93,800 97,840 152,790 95,414 95,004 95,719 96,166 97,087 91,144 97,590 95,000 154,341 98,276 97,854 100,724 99,060 99,890 93,878 100,540 97,850 157,640 101,224 100,790 102,990 102,280 96,000 100,413 103,575 100,790 161,730 106,295 103,813 105,305 105,200 98,100 100,079 106,165 105,000 110,000 108,430 106,928 107,674 108,360 101,100 103,081 82,056 105,150 112,200 111,683 110,136 110,097 108,360 106,500 106,173 87,910 115,180 114,725 115,033 113,440 112,300 110,100 108,850 109,358 89,711 118,347 118,166 117,621 116,843 114,543 111,500 111,301 106,000 105,000 2.75% 3.00% 2.25% 3.00% 2.00% 1.27% 2.25% -3.07% 17.04% 20.95% -25.04% 16.20% 15.93% 11.22% 9.01% 15.94% 5.56% 1.38% 86.08% 15.31% 77.99% 76.50% 154.54% 67.84% 77.61% 69.60% 59.09% 97,045 91,310 97,625 84,711 68,901 78,210 70,117 92,960 75.588 IMEDIAN 66,083 93,316 95,183 97,840 100,724 104,500 107,842 110,000 116,983 121,370 126,225 2.75% 15.94% 90.01% 106,9801 2001-02 JOHNSON AND IOWA CITY HAD NEW ASSESSORS STARTING WITH A SIMILAR RATE 2021-22 JOHNSON AND IOWA CITY ASSESSORS HAVE AN 11.9% DIFFERENCE CLINTON COUNTY COMBINED CITY AND COUNTY ASSESSORS FOR THE 2018-19 YEAR. LINN CO AND SIOUX CITY BOTH HIRED NEW ASSESSORS FROM OUTSIDE OF THEIR OFFICE IN THE PAST 4 YEARS WHICH RESULTED IN LARGE INCREASES. POTTAWATTAMIE, CEDAR RAPIDS, MUSCATINE, & DUBUQUE COUNTY HIRED A NEW ASSESSOR FROM WITHIN THEIR OFFICE IN THE PAST 4 YEARS. AMES ASSESSOR POSITION 15 CURRENTLY VACANT - SALARY FROM THEIR BUDGET WAS USED FOR THIS SPREADSHEET JURISDICTION Staff 2020 Taxable Value Taxable Value Per Employee COMPARISON OF OFFICES Taxes Budgeted 2020 Budget Per Employee Population of Jurisdiction Population Per Employee Assessment Expense Taxes Per Residential Levy Capita COD 2020 Commercial COD 2020 Yrs in Office Appraisal Experience AMES POLK COUNTY POTTAWATTAMIE STORY CEDAR RAPIDS JOHNSON DAVENPORT DALLAS SIOUX CITY LINN 8 38 13 7 15 10 12 12 10 13 $3,261 $27,257 $5,449 $2,035 $7,062 $4,902 $4,845 $6,883 $3,122 $5,028 408 717 419 291 471 490 404 574 312 387 $ 1,324,880 $ 6,883,534 $ 2,402,538 $ 981,164 $ 2,279,132 $ 1,584,127 $ 1,759,605 $ 2,015,841 $ 1,303,469 $ 1,928,515 $ 165,610 $ 181,146 $ 184,811 $ 140,166 $ 151,942 $ 158,413 $ 146,634 $ 167,987 $ 130,347 $ 148,347 67,033 494,281 93,328 31,294 134,027 77,132 101,799 96,963 82,759 93,827 8,379 13,007 7,179 4,471 8,935 7,713 8,483 8,080 8,276 7,217 0.45640 0.19192 0.34367 0.50620 0.23947 0.28052 0.26312 0.22521 0.38120 0.26850 $19.76 $13.93 $25.74 $31.35 $17.01 $20.54 $17.29 $20.79 $15.75 $20.55 20.07 14.89 20.61 12.43 14.25 9.38 16.20 9.02 16.52 11.44 6.84 25.89 25.11 30.11 22.92 13.68 29.56 24.94 32.18 18.12 0 7 4 43 2 6 7 18 21 13 0 41 33 48 23 30 30 28 29 28 !IOWA CITY 7 $4,263 $ 609 $ 1,130,742 $ 161,535 76,608 10,944 0.25664 $14.76 7.98 18.86 7 26 WOODBURY CLINTON CO DUBUQUE CITY BLACKHAWK BOONE MUSCATINE SCOTT DUBUQUE CO. CERRO GORDO IMEDIAN 5 6 6 14 7 5 9 8 5 $1,765 $2,383 $2,652 $5,703 $1,649 $2,126 $4,798 $2,526 $1,699 353 397 442 407 236 425 533 316 340 MILLIONS MILLIONS $ 837,136 $ 925,698 $ 740,000 $ 1,724,141 $ 832,052 $ 742,850 $ 1,099,634 $ 887,765 $ 607,318 $ 167,427 $ 154,283 $ 123,333 $ 123,153 $ 118,865 $ 148,570 $ 122,182 $ 110,971 $ 121,464 20,379 46,392 57,781 130,786 26,277 42,394 71,417 39,809 15,421 4,076 7,732 9,630 9,342 3,754 8,479 7,935 4,976 3,084 0.41758 0.37198 0.26903 0.22103 0.44678 0.33056 0.17298 0.30756 0.33451 $41.08 $19.95 $12.81 $13.18 $31.66 $17.52 $15.40 $22.30 $39.38 18.33 28.16 15.60 18.24 22.87 16.71 11.51 11.94 16.53 12.86 57.86 43.92 36.93 26.35 22.42 22.59 12.56 12.87 6.5 10 3 7 15 3 6 0.5 18 28 14 15 21 33 25 19 9 22 YEARS 8.5 $ 3,693 $406 $1,115,188 $147,491 76,608 7,834 0.29404 $20.25 15.90 23.93 7 27 IOWA CITY ASSESSOR'S OFFICE HAS HAD THE LOWEST RESIDENTIAL COD IN THE STATE FOR 8 CONSECUTIVE YEARS. TAXES BUDGETED FOR THE OFFICE DIVIDED BY 2020 POPULATION SHOWS IOWA CITY AT THE 4TH LOWEST AMOUNT. IOWA CITY RANKS 2ND TO POLK COUNTY IN TAXABLE VALUE/STAFF AND POPULATION/STAFF WHICH REFLECTS OUR OFFICE EFFICIENCY. POPULATION NUMBERS ARE BASED ON 2020 ESTIMATES FROM WWW.CENSUS.GOV NOTICE THE CITY CONFERENCE BOARD IS CONSIDERING APPOINTMENT TO THE FOLLOWING BOARD: BOARD OF REVIEW One vacancy — Six -Year Term January 1, 2022 - December 31, 2027 (1) At -Large • It is the duty of members of the Board of Review to: equalize assessments by raising or lowering the individual assessments of real property, including new buildings, personal property or monies and credits made by the Assessor; • to add to the assessed rolls any taxable property which has been omitted by the Assessor. Members of the Board of Review shall be residents of the Assessor's jurisdiction. Iowa City -appointed members of boards and commissions must be 18 years of age. The City of Iowa City encourages diversity in the appointment of citizens to boards and commissions Applications must be received by 5:00 p.m., Tuesday, December 1, 2021. An application can be completed and submitted on the City of Iowa City website at www.icgov.org or by contacting the City Clerk's office Questions about the Iowa City Board of Review should be directed to Brad Comer at 356-6066. I `IIIle!"�ti CITY OF IOWA CITY UNESCO CITY Of IJTERATURE Advisory Board/Commission Application Form This application is a public document and as such can be reproduced and distributed for the public. This application will be considered for twelve months only and automatically considered for any vacancy during that time. If appointed to a Board/Commission, all other applications will be removed from consideration. NOTE: Applicants must reside in Iowa City and be 18 years of age unless specific qualifications are stated. Date of Application 10!15:2021 First Name* Sara Last Name* Meierotto First Name ( Phonetic spelling ) Optional Last Name ( Phonetic spelling ) My ready Home Address* 66 Kenneth Dr City* Iowa City State IA Zip Code* 52245 Is your home address (listed above) within the corporate limits of Iowa City?* Yes Contact Phone Number* 319-621-3161 Email Address* sbmeie rotto@g mai I. com Boards & Commissions Select a Board or Commission you are interested in:* Review, Board of Board of Review Category* At -Large Preference on first choice 11 muitipic boards aro bong oW'>td !or How long have you been a resident of Iowa City? 32 Occupation:* Legal Assistant Gender* 'This question is mandatory in order for the City to comply with the States gender balance requirement. which treats gender as binary. tender Identity' may be provided in the Demographics sectlonof the application below. Male Female Experience and/or activities which you feel qualify you for this position: * I have served and am currently serving on other boards. I'm familiar with Robert's Rules of Order, the structure of the board, and the system used for coming up with the assessments. I enjoy looking at house listings and am familiar with the current sales market for houses in Iowa City. What is your present knowledge of each advisory board you are interested in?* I've served a term on the board. Please contact the City Attorney at 356-5030 to discuss questions or concerns regarding a potential conflict of interest. The following describe some but not all potential conflicts. Potential Conflicts of Interest The Housing and Community Development Commission makes recommendations to the City Council regarding the distribution of federal CBDG/HOME funds. The general rule is that no persons who exercise or have exercised any functions or responsibilities with respect to federally funded activities, or who are in a position to participate in the decision-making process or gain inside information with regard to such activities, may obtain a financial interest or benefit from a federally—assisted activity, or have a financial interest in any contract, subcontract, or agreement with respect to a federally -assisted activity, or with respect to the proceeds of the federally -assisted activity, either for themselves or those with whom they have business or immediate family ties, during their tenure or for one year thereafter. Section 362.5 of the Code of Iowa generally prohibits, with certain important exceptions, a member of a City Board or Commission from having an interest in a City contract. City Council Resolution # 15-300 established a policy that the following persons shall not be eligible for appointment to Boards and Commissions: A Council Member's spouse. domestic partner or partner by cohabitation, children, step -children, children for whom the Council Member assumes parental responsibility, mother, father, son-in-law, daughter-in-law, mother-in-law, father-in-law, step-parent, brother, sister, step -siblings and half - siblings, brother-in-law, sister-in-law. grandparents and grandchildren, aunt, uncle, niece, nephew, first cousin, foster parent, foster child, persons who are parents of the same child, and persons with whom the employee is in an intimate relationship Res. #15-300 states that each application for reappointment to a City Board or Commission will be considered without regard to incumbency. If reappointed, an individual would be limited to one reappointment to a full term in order to increase the opportunities for new applicants to serve. Council policy is not to permit an individual to serve on two Boards or Commissions at the same time. You will be asked to resign from one if appointed to another. Do you currently have a conflict of Interest?* No Do you currently serve on another Iowa City board or commission?* No (Optional) Demographic Information The City Council values all types of diversity on its Boards and Commissions. Your responses on this page provide valuable information to the Council in achieving that goal. In order to ensure that the Board and Commission is representative of the community and the groups(s) which it serves, please provide your information for the following: Age Country of Origin Sexual Orientation Religion Do you have a disability? Ethnicity Race Gender identity *NOTE: The Human Rights Commission strives to ensure the Commission is representative of the community. Therefore, appointment shall take into consideration persons of various racial, religious, cultural, social and economic groups in the city. (Ordinance) The Housing and Community Development Commission strives to satisfy its purpose and intent, when possible to have at least one person with expertise in construction, at least one person with expertise in finance, and one person who receives rental assistance. (Resolution) Signature of Applicant* Snez n• /ilrtrittcXYG Misrepresentations on this application will constitute just cause for removal of an appointee. If you fail to answer all the questions, except demographics, Council will not consider your application. You are encouraged to contact individual Council Members to express your interest in serving. NOTICE THE CITY CONFERENCE BOARD IS CONSIDERING APPOINTMENT TO THE FOLLOWING BOARD: BOARD OF REVIEW One vacancy — Six -Year Term Upon appointment - December 31, 2024 (1) Registered architect or experienced in building construction • It is the duty of members of the Board of Review to: equalize assessments by raising or lowering the individual assessments of real property, including new buildings, personal property or monies and credits made by the Assessor: • to add to the assessed rolls any taxable property which has been omitted by the Assessor. Members of the Board of Review shall be residents of the Assessor's jurisdiction. Iowa City -appointed members of boards and commissions must be 18 years of age. The City of Iowa City encourages diversity in the appointment of citizens to boards and commissions Applications must be received by 5:00 p.m., Tuesday, December 1, 2021. An application can be completed and submitted on the City of Iowa City website at www.icgov.orq or by contacting the City Clerk's office Questions about the Iowa City Board of Review should be directed to Brad Comer at 356-6066. I r Eo CITY OF IOWA CITY UNESCO CITY Of 1JTERATURE Advisory Board/Commission Application Form This application is a public document and as such can be reproduced and distributed for the public. This application will be considered for twelve months only and automatically considered for any vacancy during that time. If appointed to a Board/Commission, all other applications will be removed from consideration. NOTE: Applicants must reside in Iowa City and be 18 years of age unless specific qualifications are stated. Date of Application 11/28/2021 First Name* Mark Last Name* Seabold First Name ( Phonetic spelling ) Optional Last Name ( Phonetic spelling ) Optional Home Address* 1724 Muscatine Ave City* Iowa City State IA Zip Code* 52240 Is your home address (listed above) within the corporate limits of Iowa City?* Yes Contact Phone Number* 319-325-5350 Email Address* mseabold©shive-hattery.com Boards & Commissions Select a Board or Commission you are interested in: * Review, Board of Board of Review Category* Registered Architect or a Person Experienced in Building and Construction Preference on first choice II nrtaiyle brnvAs are F.e r9 app tel How long have you been a resident of lowa City? 28 years Occupation:* architect Gender* 'This question is mandatory in order for the City to comply with the Stales gender balance reeueement which treats gender as binary. "Gender Identity' may be provided in the Demographics sectbnof the application below. Male Female Experience and/or activities which you feel qualify you for this position:* I am a licensed architect (licensed in 2003) and have been practicing architecture in Iowa City for over 25 years time. My experience includes commercial, residential, multi -family, senior living and mixed use project types working with local and national clients. I am currently on the board for the Housing Fellowship which is a local non-profit development company that provides affordable housing. I am also past chair of the Iowa City Public Art Advisory Committee and past president of the University of Iowa Museum of Art's Members Council. What Is your present knowledge of each advisory board you are Interested in?* I have limited knowledge of the Johnson County Board of Review but have spoken with Board member Ryan O'Leary and Iowa City Assessor Brad Comer about the position and feel I have applicable experience for this position. Please contact the City Attorney at 356-5030 to discuss questions or concerns regarding a potential conflict of Interest. The following describe some but not all potential conflicts. Potential Conflicts of Interest The Housing and Community Development Commission makes recommendations to the City Council regarding the distribution of federal CBDG/HOME funds. The general rule is that no persons who exercise or have exercised any functions or responsibilities with respect to federally funded activities, or who are in a position to participate in the decision-making process or gain inside information with regard to such activities. may obtain a financial interest or benefit from a federally—assisted activity, or have a financial interest in any contract, subcontract, or agreement with respect to a federally -assisted activity, or with respect to the proceeds of the federally -assisted activity, either for themselves or those with whom they have business or immediate family ties, during their tenure or for one year thereafter. Section 362.5 of the Code of Iowa generally prohibits, with certain important exceptions, a member of a City Board or Commission from having an interest in a City contract. City Council Resolution # 15-300 established a policy that the following persons shall not be eligible for appointment to Boards and Commissions: A Council Member's spouse, domestic partner or partner by cohabitation, children, step -children, children for whom the Council Member assumes parental responsibility, mother, father, son-in-law, daughter-in-law, mother-in-law, father-in-law, step-parent, brother, sister, step -siblings and half - siblings, brother-in-law, sister-in-law, grandparents and grandchildren, aunt, uncle, niece, nephew, first cousin, foster parent, foster child, persons who are parents of the same child, and persons with whom the employee is in an intimate relationship Res. #15-300 states that each application for reappointment to a City Board or Commission will be considered without regard to incumbency. If reappointed, an individual would be limited to one reappointment to a full term in order to increase the opportunities for new applicants to serve. Council policy is not to permit an individual to serve on two Boards or Commissions at the same time. You will be asked to resign from one if appointed to another. Do you currently have a conflict of Interest?* No Do you currently serve on another Iowa City board or commission?* No (Optional) Demographic Information The City Council values all types of diversity on its Boards and Commissions. Your responses on this page provide valuable information to the Council in achieving that goal. In order to ensure that the Board and Commission is representative of the community and the groups(s) which it serves, please provide your information for the following: Age 53 Country of Origin United States Sexual Orientation heterosexual Religion none Do you have a disability? No Ethnicity Race white Gender identity male *NOTE: The Human Rights Commission strives to ensure the Commission is representative of the community. Therefore, appointment shall take into consideration persons of various racial, religious, cultural, social and economic groups in the city. (Ordinance) The Housing and Community Development Commission strives to satisfy its purpose and intent, when possible to have at least one person with expertise in construction, at least one person with expertise in finance, and one person who receives rental assistance. (Resolution) Signature of Applicant* 4WhiacAlit LD Misrepresentations on this application will constitute just cause for removal of an appointee. If you fail to answer all the questions, except demographics, Council will not consider your application. You are encouraged to contact individual Council Members to express your interest in serving. 1-1 le? rCiC a .�: ffr..• r 2022 IOWA CITY ASSESSOR'S OFFICE 2021 ANNUAL REPORT ASSESSOR'S OFFICE ASSESSOR BOARD 0-F41 L RE\/IEW1 -, 1r — -a: IOWA CITY ASSE SSOR bcomer@johnsoncountyiowa.gov IOWA CITY ASSESSOR 01/01/2022 Iowa City Assessor's Office 2021 Annual Report Contents 2021-2022 IOWA CITY CONFERENCE BOARD 2 IOWA CITY CITY COUNCIL 2 IOWA CITY COMMUNITY SCHOOL BOARD 2 JOHNSON COUNTY BOARD OF SUPERVISORS 2 IOWA DEPARTMENT OF REVENUE AND FINANCE 2 OTHER BOARDS AND SUPPORT STAFF 3 IOWA CITY ASSESSOR'S OFFICE STAFF 3 IOWA CITY BOARD OF REVIEW 3 IOWA CITY EXAMINING BOARD 3 LEGAL COUNSEL 3 ANNUAL REPORT 4 MISSION STATEMENT 4 GOALS 4 OBJECTIVES 4 VALUATIONS 5 COURT CASES 5 PROPERTY ASSESSMENT APPEAL BOARD 5 BOARD OF REVIEW 6 EQUITY VERSUS MARKET IN ASSESSMENT 6 WEB PAGE 6 ROLLBACKS 6 NEW LEGISLATION 7 CONTINUING EDUCATION 8 ASSESSMENT DATA 9 2021 ABSTRACT OF ASSESSMENTS FOR IOWA CITY 9 EXEMPT PROPERTY IN IOWA CITY FOR 2021 9 VALUE COMPARISONS WITH ROLLBACKS APPLIED 10 COMPARISON OF RESIDENTIAL, COMMERCIAL AND INDUSTRIAL VALUES TO TOTAL ASSESSED AND TOTAL TAXABLE VALUE 12 2020 TOP REAL ESTATE TAXPAYERS 13 COMPARISON OF TAX RATES TO CITIES WITH A CITY ASSESSOR 14 PERFORMANCE MEASUREMENTS 14 RESIDENTIAL SALES STATISTICAL ANALYSIS 14 COMMERCIAL SALES STATISTICAL ANALYSIS 16 HISTORICAL COMMERCIAL SALES STATISTICS 16 MULTIRESIDENTIAL SALES STATISTICAL ANALYSIS 17 HISTORICAL MULTIRESIDENTIAL SALES STATISTICS 17 1 Iowa City Assessor's Office 2021 Annual Report 2021-2022 IOWA CITY CONFERENCE BOARD IOWA CITY CITY COUNCIL 2022 Council Bruce Teague, Mayor Megan Alter, Mayor Pro Tem Laura Bergus Shawn Harmsen Pauline Taylor John Thomas Janice Weiner IOWA CITY COMMUNITY SCHOOL BOARD 2021-22 School Board Shawn Eyestone, President *Ruthina Malone, Vice President J.P. Claussen *Charlie Eastham Maka Pilcher -Hayek Lisa Williams Jayne Finch *Conference Board Designee 2021 Council Bruce Teague, Mayor Mazahir Salih, Mayor Pro Tem Laura Bergus Susan Mims Pauline Taylor John Thomas Janice Weiner 2020-21 School Board Shawn Eyestone, President *Ruthina Malone, Vice President J.P. Claussen *Charlie Eastham Dromi Etsey Janet Godwin Lisa Williams JOHNSON COUNTY BOARD OF SUPERVISORS 2022 Board Royceann Porter, Chairperson Lisa Green -Douglass, Vice chairperson Jon Green Pat Heiden Rod Sullivan 2021 Board Pat Heiden, Chairperson Royceann Porter, Vice Chairperson Lisa Green -Douglass Jon Green Rod Sullivan IOWA DEPARTMENT OF REVENUE AND FINANCE Kraig Paulsen — Director, Iowa Department of Revenue and Finance 2 Iowa City Assessor's Office 2021 Annual Report OTHER BOARDS AND SUPPORT STAFF IOWA CITY ASSESSOR'S OFFICE STAFF Brad Comer — Iowa City Assessor Marty Burkle — Chief Deputy Assessor Mary Paustian — Deputy Assessor Mark Fedler — Appraiser/Clerk Diane Campbell — Accounting Clerk Todd Kruse — Real Estate Clerk Bruce Sodahl — Appraiser IOWA CITY BOARD OF REVIEW Ernie Galer Vacant Ryan O'Leary Sara Meierotto Phoebe Martin IOWA CITY EXAMINING BOARD Karin Franklin for Iowa City Mike Kennedy for Johnson County Chace Ramey for Iowa City Schools Date of Employment: 14 Jan, 2002 Appointed 2015 thru 2019 (remainder of prior assessor's appointment) Re -appointed: 2020 thru 2025 Date of Employment: 01 Feb, 2006 Hired as Chief Deputy 9 Mar, 2015 Date of Employment: 05 Jan, 2011 Hired as Deputy 8 June, 2015 Date of Employment: 20 Jun, 1994 Date of Employment: 16 Feb, 1998 Date of Employment: 14 May, 2001 Date of Employment: 29 May, 2018 Appointed 2018 through 2023 Appointed 2019 through 2024 Appointed 2020 through 2025 Appointed 2016 through 2021 Appointed 2021 through 2026 Appointed 2018 through 2023 Appointed 2017 through 2022 Appointed 2019 through 2024 LEGAL COUNSEL Eric Goers — City Attorney Jennifer Schwickerath — Assistant City Attomey 3 Iowa City Assessor's Office 2021 Annual Report ANNUAL REPORT To: Members of the Iowa City Assessor's Conference Board From: Brad Comer — Iowa City Assessor Subject: 2021 Annual Report — Issued December 31, 2021 The following report covers the activities of this office from January 1, 2021 to date of issue. MISSION STATEMENT The purpose of the Iowa City Assessor's Office is to find, list and value for tax purposes, all real property in Iowa City and maintain records for all parcels in Iowa City. GOALS To establish values according to Iowa law on all commercial, industrial, agricultural, residential and multi -residential property within the City of Iowa City; to achieve equitable assessments across all classes of property based on actual physical aspects of the property and all pertinent sales data available; to improve the efficiency by which these assessments are made; to provide prompt and courteous response to all inquiries for information. OBJECTIVES 1. Receive calls and inquiries and dispense information efficiently and in a timely manner. 2. Complete all daily record changes and related duties as they are received. 3. On a quarterly basis, inspect and review all new construction and demolition, and make final review of said construction and demolition by January 1 every year. 4. Notify all new homeowners of potential eligibility for the homestead and military credits by July 1 every year. 5. Notify all owners of commercial and industrial property of potential eligibility for the business property tax credit (BPTC) by July 1 every year. 6. Remove all homestead exemptions, military credits and business property tax credits from the permanent file for those who are no longer eligible to receive the credit by July 1 every year. 7. Efficiently process all other new and routine annual filings, making sure they are in compliance with all laws and rules, and filed by their statutory dates. 8. Send out assessment notices to all properties requiring assessment notices, by April 151 every year. 9. Accept formal written protests for the Board of Review from April 2nd to April 30th, inclusive, every year and coordinate the Board of Review meetings during the month of May. 10. Receive and review tentative equalization orders from the State Department of Revenue and Finance in August of reassessment years. 11. Receive final equalization orders by October 1 of reassessment years. 12.Accept formal written protests for the Board of Review Special Session from October 9 thru October 31 inclusive of reassessment year and coordinate the Board of Review Special Session from October 10 to November 15 of reassessment years, if needed. 13. Prepare and distribute the annual report by December 31 every year. 14. Hold preliminary Conference Board and public hearings to adopt the annual budget by March 15 every year. 15. Prepare and submit annual abstract to the Department of Revenue & Finance by July 1 every year. 4 Iowa City Assessor's Office 2021 Annual Report 16. Maintain assessment information on website at http://iowacity.iowaassessors.com and make improvements based on input from the public. The site went online February 15, 2001 and has nearly 3 million hits since that time. 17. Provide online access to application forms for Homestead Credits, Military Exemptions, Commercial Property Tax Credits, Charitable Exemptions, Business Property Tax Credits, and Board of Review petition forms which are available on our Johnson County website at http://www.johnsoncountyiowa.com . 18. Review sales as they occur and compare selling price to assessments. 19. Review selling price/assessment ratios by neighborhood, age, size, building type and other relevant criteria. 20. Make adjustments to assessed value as indicated by the sales review and land value review at least every 2 years. 21. Physically inspect properties with selling price -to -assessment ratios outside acceptable standards. 22. Utilize GIS for quality control of assessment data and analysis of valuation. 23. Update recording information (book & page) on our website for older sales. 24. Maintain in-house re -appraisal of all Commercial properties in Iowa City. 25.Annually inspect/re-appraise 10% of residential properties in Iowa City. 26. Continue to cross -train employees for tasks or skills that are outside their specific job descriptions. VALUATIONS Since 2021 was a real estate revaluation year, there were changes in assessments to meet the statutory level as monitored by the Iowa Department of Revenue. Residential new construction added approximately $67 million and revaluation about $171 million. Commercial new construction added approximately $12 million and revaluation reduced about $10 million. There was $14 million of Multi -residential new construction added and $5 million of revaluation reduced. 1192 residential deed sales in 2021 give us a median ratio (assessed value/sale price) of 89.37% compared to 93.25% for 1051 sales in 2020 at the time of sale. This tells us that the selling prices of homes and the number of sales have both increased since last year. The number of sales above does not include new construction completed during the past year. When including new construction there were 1319 sales. It should be kept in mind that when a jurisdiction is at the State mandated sales ratio level of 100%, a full one-half of home sales will be for less than the assessed value. Sales for less than the assessed value tend to result in appeals to the Board of Review. COURT CASES There are three active District Court appeals that were filed in 2019 and two that were filed in 2021. PROPERTY ASSESSMENT APPEAL BOARD There were 22 commercial properties appealed to PAAB for 2021. All are still active cases. There were 13 commercial properties and 1 residential property appealed to PAAB for 2020. The residential property has been settled and 3 commercial appeals were withdrawn. A settlement agreement has been reached on 8 of the ACT parcels, while they have agreed to withdraw the remaining two parcels under appeal. A settlement agreement has also been reached on eight ACT parcels for 2018 and 2019, while ACT will be withdrawing two 2019 appeals. This leaves no outstanding appeals prior to 2021 remaining. 5 Iowa City Assessor's Office 2021 Annual Report BOARD OF REVIEW The Board of Review was in session from May 1 through May 26, the day of adjournment. 715 protests were filed, with 76 being upheld and 639 denied. The total value of real estate being protested was $316,750,890. The Board allowed a total reduction of $4,650,590. EQUITY VERSUS MARKET IN ASSESSMENT It is difficult to be both equitable among assessments and in tune with the market. Similar properties do not always sell for similar prices, so the market is not always equitable and sometimes a long way from it. Most assessors would lean toward equity if they could choose between the two. Our first priority is equity since it is not always possible to have every assessment match the selling price. Our statistics show that we are doing a good job in this regard. WEB PAGE The Iowa City Assessor's web page went online during the spring of 2001. Internet availability of comparable sales and comparable assessments has been very helpful to taxpayers concerned about the fairness of their assessments. Links are also provided to the Johnson County Treasurer for tax information and to the Johnson County GIS for online maps and aerial photography. We continue to look for ways to get more of our information accessible online and to increase the ability to query our data. In recent years, historical property record cards were added to our website. All of this has, and continues to reduce traffic at our counter, and frees up personnel to focus on our core function of equitable assessment of property. There have been nearly 3 million hits on our web site since it went online. It can be seen at http://iowacity.iowaassessors.com. We also have an Internet presence through the Johnson County website at http://www.iohnsoncountyiowa.gov . Electronic forms for the Homestead Credit, Military Exemption, Business Property Tax Credit, Charitable Exemptions, and Board of Review appeals are available to the public on this web page site. ROLLBACKS The residential rollback will decrease from 56.4094%, for the current taxes, to 54.1302% for taxes payable in 2022-2023. The rollback for agricultural property will increase from 84.0305% to 89.0412%. The commercial rollback will stay at 90% for the foreseeable future. Multi -Residential is a newer class of property that started with the 2015 assessment year (taxes payable 2016-2017). This class of property will have a rollback of 63.75% for the 2021 assessment year (taxes payable 2022-2023) and continue to decrease until the 2022 assessment year, when it will equal the residential rollback. For 2022, the multi -residential class will be eliminated and those properties will become residential going forward due to 2021 legislation. 6 Iowa City Assessor's Office 2021 Annual Report NEW LEGISLATION The 2021 Iowa Legislative Session produced multiple property tax law changes. SF 342 — "Back the Blue Bill" this bill provides that, upon request, peace officers, civil service employees, judges (and spouses and children), and abuse victims may request their names be redacted from all electronic documents. SF 574 — A bill for an act relating to confidential information maintained by local government officials for certain veteran and military property tax credits and exemptions. This bill provides that individual military records can be displayed but that bulk list of military exemptions cannot be provided unless court ordered. SF 366 — A bill for an act relating to state taxation and related laws of the state including the collection of tax, tax credits, the assessment and classification of property, taxes on electricity use tax, and the authority of the director of revenue, and providing penalties, and including effective date and retroactive applicability provisions. This bill removes family from who assessors and deputies cannot personally assess, adds that reappointment of the office must also have the director's confirmation, and specifies more about special council reporting to IDR. This adds the date the employment started, justification for the employment, the name and hourly rate of the special counsel, and any other information the department may require. HF 865 — A bill for an act relating the filing requirements for the BPTC and including effective date provisions. This bill removes the requirement of an original owner to refile for BPTC if parcel splits. HF 871 — This bill provides for the removal of a board of review member by the director of revenue for any of the following reasons: the member violates any law or administrative rule applicable to the member's duties on the board of review or the member fails to comply with an order of the director of revenue or an order of any court. The director of revenue shall adopt rules pursuant to chapter 17A to administer this subsection. Adds a notification and an appeal process for the board of review member. SF 619 — A bill providing for reduction and elimination of the commercial/industrial backfill in either 5 or 8 years depending on the taxing authority. HF 765 — If the assessor is required or authorized by this title to send any assessment, notice, or any other information to persons by regular mail, the assessor shall instead provide the assessment, notice or other information by electronic means if the person entitled to receive the assessment, notice or information has by electronic or other means, authorized the assessor to provide the assessment, notice or other information in that manner. HF 368 — Makes changes to the homestead credit code section, adding 425.16 'additional tax credits' pertaining to rent reimbursement, not directly related to assessors, but we are specifically named in the new language and they have created a subchapter. HF 418 — This bill reclassifies multi -residential as residential beginning with valuations established on or after January 1, 2022. 7 Iowa City Assessor's Office 2021 Annual Report CONTINUING EDUCATION Continuing education is a requirement for the assessor and deputies for re -appointment to their positions. Over a six-year term, assessors must complete one hundred -fifty hours of classroom instruction, including at least ninety hours from courses requiring a test. Deputies must complete ninety hours of classroom instruction, including at least sixty tested hours over their six-year terms. It is also beneficial for other employees to attend classes so they can update their skills and stay current with assessment practices. The Assessor attended the following courses and conferences during 2021: ISAC Spring School of Instruction - webinar (Iowa State Association of Counties) NCRAAO - Annual Conference on Assessment Administration — webinar (North Central Regional Association of Assessing Officers) ISAA Annual School of Instruction (Iowa State Association of Assessors) IICA Summer Seminar and Workshop (Institute of Iowa Certified Assessors) ISAC Annual Conference 10.25 C.E. Hrs. 3.5 C.E. Hrs. 8.25 C.E. Hrs. 10.25 C.E. Hrs. 13.50 C.E. Hrs. (7.5 Tested) The Chief Deputy attended the following courses and conferences during 2021: ISAA Annual School of Instruction 10.25 C.E. Hrs. IICA Summer Seminar and Workshop 13.50 C.E. Hrs. (7.5 Tested) ISAC Annual Conference 10.25 C.E. Hrs. The Second Deputy attended the following courses and conferences during 2021: ISAA Annual School of Instruction 10.25 C.E. Hrs. Other staff attended classes and seminars related to operation and maintenance of various third party software utilized by the assessor's office. ACKNOWLEDGMENTS My staff and I would like to thank the Conference Board, the Board of Review, the City Attorney and his assistants, and the City Staff along with Johnson County and the Iowa City School Board for their assistance, cooperation and confidence during the past year. I would also like to recognize and thank my staff at this time for their part in establishing and maintaining the professional standards of the office. 8 Iowa City Assessor's Office 2021 Annual Report ASSESSMENT DATA 2021 ABSTRACT OF ASSESSMENTS FOR IOWA CITY Value of Agricultural Land and Structures $1,584,260 Value of Residential Dwellings on Agricultural Realty $791,780 Value of Residential Lots and Buildings $5,367,201,161 Value of Commercial Lots and Buildings $1,119,996,926 Value of Multi -Residential Lots and Buildings $554,802,605 Value of Industrial Lots and Buildings $79,499,810 Actual Value of All Real Estate* $7,123,876,542 `All of the above values are based on the 2021 abstract as reported to the Iowa Department of Revenue on July 5th, 2021. This also includes Agricultural land equalization of 12% downward, which was applied in September 2021. The values for Railroad and Utility Property are supplied to the Auditor by the Iowa Department of Revenue. The taxable (post roll -back) value of utilities and railroads in Iowa City for 2021 is $50,739,998. EXEMPT PROPERTY IN IOWA CITY FOR 2021 Religious Institutions $116,945,834 Literary Societies & Educational Institutions $7,117,580 Low Rent Housing $4,258,200 Associations of War Veterans $635,896 Charitable and Benevolent Societies $191,112,008 Forest and Fruit Tree $1,373,910 Partial Industrial, Urban Revitalization, Recycling, Mobile Home Storm Shelter, Public TV & New Jobs, Geothermal, Historical, $6,435,853 Transmission Property Sub -Total University of Iowa (As Reported by U of I as of 4/30/2021) TOTAL EXEMPT 9 $327,879,281 $4,534,545,143 $4,862,424,424 Iowa City Assessor's Office 2021 Annual Report VALUE COMPARISONS WITH ROLLBACKS APPLIED STATE YEAR ORDER TYPE VALUE 2021* -12% Agricultural 1,584,260 Ag Dwelling 791,780 Residential 5,367,201,161 Commercial 1,119,996,926 Multi -Res 554,802,605 Industrial 79,499,810 TOTAL $7,123,876,542 2020 Agricultural 1,738,200 Ag Dwelling 806,690 Residential 5,142,332,820 Commercial 1,119,633,176 Multi -Res 549,493,092 Industrial 80,001,410 TOTAL $6,894,005,388 2019* Agricultural 1,758,220 Ag Dwelling 806,690 Residential 4,997,152,490 Commercial 1,108,642,407 Multi -Res 548,235,541 Industrial 80,669, 700 TOTAL $6,737,265,048 2018 Agricultural 2,541,960 Ag Dwelling 765,530 Residential 4,432, 353, 660 Commercial 1,001,176,523 Multi -Res 502,245,262 Industrial 79,351,860 TOTAL $6,018,434,795 2017* -10% Agricultural 2,949,150 Ag Dwelling 1,019,410 Residential 4,280,031,980 Commercial 966,669,459 Multi -Res 482,528,656 Industrial 74,023,380 TOTAL $5,807,222,035 2016 Agricultural 3,484,890 Ag Dwelling 1,015,050 Residential 4,012,070,900 Commercial 879,281, 368 Multi -Res 420,708,451 Industrial 79,489,600 TOTAL $5,396,050,259 10 STATE ROLLBACK 89.0412 54.1302 54.1302 90.0000 63.7500 90.0000 84.0305 56.4094 56.4094 90.0000 67.5000 90.0000 81.4832 55.0743 55.0743 90.0000 71.2500 90.0000 56.1324 56.9180 56.9180 90.0000 75.0000 90.0000 54.5580 55.6209 55.6209 90.0000 78.7500 90.0000 47.4996 56.9391 56.9391 90.0000 82.5000 90.0000 ADJUSTED VALUE 1,410,644 428,592 2,905,276,723 1,007,997,233 353,686,661 71,549,829 $4,340,349,682 1,460,619 455,049 2,900,759,090 1,007,669,858 370,907,837 72,001,269 $4,353,253,722 1,432,654 444,279 2,752,146,754 997,778,166 390,617,823 72,602,730 $4,215,022,406 1,426,863 435,724 2,522,807,056 901,058,871 376,683,947 71,416,674 $3,873,829,135 1,608,997 567,005 2,380,592,307 870,002,513 379,991,316 66,621,042 $3,699,383,180 1,655,309 577,960 2,284,437,062 791,353,231 347,084,472 71,540,640 $3,496,648,674 Iowa City Assessor's Office 2021 Annual Report VALUE COMPARISONS WITH ROLLBACKS APPLIED - CONTINUED STATE YEAR ORDER TYPE 2015* Agricultural Ag Dwelling Residential Commercial Multi -Res Industrial TOTAL $5,254,065,839 2014 2013* 2012 STATE VALUE ROLLBACK 3,814,000 1,120,840 3,893,910,250 859,076,798 415,794,401 80,349,550 Agricultural Ag Dwelling Residential Commercial Industrial 46.1068 55.6259 55.6259 90.0000 86.2500 90.0000 3,784,570 44.7021 1,202,940 55.7335 3,616,765,260 55.7335 1,158,203,990 90.0000 78,113,470 90.0000 TOTAL $4,858,070,230 Agricultural Ag Dwelling Residential Commercial Industrial M&E 3,708,350 43.3997 1,190,610 54.4002 3,494,886,480 54.4002 1,160,168,050 95.0000 80,897,070 95.0000 0 0 TOTAL $4,740,850,560 Agricultural Ag Dwelling Residential Commercial Industrial M&E 2,743,540 59.9334 1,190,610 52.8166 3,371,349,260 52.8166 1,122,041,780 1.000000 78,576,040 1.000000 0 1.000000 TOTAL $4,575,901,230 2011* +6.1% Agricultural Ag Dwelling Residential Commercial Industrial M&E TOTAL $4,530,818,210 2,566,040 57.5411 1,313,570 50.7518 3,264,269,180 50.7518 1,182,516,370 1.000000 80,153,050 1.000000 0 1.000000 ADJUSTED VALUE 1,758,513 623,477 2,166,022,622 773,169,118 358,622,670 72,314,595 $3,372,510,995 1,691,782 670,440 2,015,749,866 1,042,383,591 70,302,123 $3,130,797,802 1,609,413 647,694 1,901,225,235 1,102,159,648 76,852,217 $3,082,494,207 1,644,297 628,840 1,780,632,053 1,122,041,780 78,576,040 0 $2,983,523,010 1,476,528 666,660 1,656,675,366 1,182,516,370 80,153,050 0 $2,921,487,974 The adjusted values given are not exact but are meant to give a representation of the growth of Iowa City's tax base. * Reassessment Year 11 Iowa City Assessor's Office 2021 Annual Report Total Assessed Value over time and Year to Year change in Total Assessed Value $1300 $700 $600 $500 $400 $300 $200 $100 N C 2 5137 -173 SN 5285 5191 5719 rt 5211 11113 7 5193 / \ / 51 r sL $10 S. 555 $61 Y • $4 133 5107 1 5165 -' 5119 flus 5117 4 591 i 2 559 959 14 $ 45 kY V 5142 4 5211 : 4 5157 r 0 0 -a-Total Abstract Value ® Notal Change In Value (Millions) En <1/4% h'.9° %%%<% 41,%<1/414sAWs.,WS46.:900oVb<isWVOCAV04-10<,, % COMPARISON OF RESIDENTIAL, COMMERCIAL AND INDUSTRIAL VALUES TO TOTAL ASSESSED AND TOTAL TAXABLE VALUE ASSESSED VALUES Year Residential % Commercial % Multi -Res % Industrial % AG % 2021 5,367,992,941 75.4 1,119,996,926 15.7 554,802,605 7.8 79,499,810 1.1 1,584,260 <0.03 2020 5,143,139,510 74.6 1,119,633,176 16.2 549,493,092 8.0 80,001,410 1.2 1,738,200 <0.03 2019 4,998,894,480 74.2 1,108,642,407 16.5 548,235,541 8.1 80,669,700 1.2 1,758,220 <0.03 2018 4,433,119,190 73.7 1,001,176,523 16.6 502,245,262 8.3 79,351,860 1.3 2,541,960 <0.05 2017 4,281,051,390 73.7 966,669,459 16.6 482,528,656 8.3 74,023,380 1.3 2,949,150 <0.1 2016 4,013,085,950 74.4 879,281,368 16.3 420,708,451 7.8 79,489,600 1.5 3,484,890 <0.1 2015 3,895,031,090 74.1 859,076,798 16.3 415,794,401 7.9 80,349,550 1.5 3,814,000 0.1 2014 3,617,968,200 74.5 1,158,203,990 23.8 NA 78,113,470 1.6 3,784,570 0.1 2013 3,496,077,090 73.7 1,160,168,050 24.5 NA 80,897,070 1.7 3,708,350 0.1 2012 3,372,539,870 73.7 1,122,041,780 24.5 NA 78,576,040 1.7 2,743,540 0.1 TAXABLE VALUES 2021 2,905,705,315 66.9 1,007,997,233 23.2 353,686,661 8.1 71,549,829 1.6 1,410,644 <0.04 2020 2,901,214,139 66.6 1,007,669,858 23.1 370,907,837 8.5 72,001,269 1.7 1,460,619 <0.04 2019 2,752,591,033 65.3 997,778,166 23.7 390,617,823 9.3 72,602,730 1.7 1,432,654 <0.04 2018 2,523,242,780 65.1 901,058,871 23.3 376,683,947 9.7 71,416,674 1.8 1,426,863 <0.04 2017 2,381,159,312 64.4 870,002,513 23.5 379,991,316 10.3 66,621,042 1.8 1,608,997 <0.05 2016 2,285,015,022 65.3 791,353,231 22.6 347,084,472 9.9 71,540,640 2.1 1,655,309 <0.1 2015 2,166,646,099 64.2 773,169,118 22.9 358,622,670 10.6 72,314,595 2.2 1,758,513 0.1 2014 2,016,420,307 64.4 1,042,383,591 33.3 NA 70,302,123 2.2 1,691,782 0.1 2013 1,901,872,929 61.7 1,102,159,648 35.7 NA 76,852,217 2.5 1,609,413 0.1 2012 1,781,260,893 59.7 1,122,041,780 37.6 NA 78,576,040 2.6 1,644,297 0.1 Commercial -Industrial Rollback Loss is to be replaced by State of Iowa at FY 2017 levels. 12 Iowa CO Assessor's Office 2021 Annual Report Percentage of Taxable and Assessed Value — Past 17 Years 80% 75% 70% 65% > 60% c 55% 50% 45% e 40% m 0 35% m CI 30% 25% 20% Yr••i[•••x..X.•.x••X•••kc••X...X.. *Xi ..x...x....*..X..h...�, ,. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 X Residential Assessed • •-F•• Commercial, Multi -Res, & Industrial Assessed —Ai— Residential Taxable • Commercial, Multi -Res, & Industrial Taxable Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 * Utilities and railroads actual taxes billed for the 2020 assessment year were $1,860,566. * If MidAmerican Energy were included, it would rank 2nd with $1,453,577 Taxes Billed. ** These figures do not include the money state has paid to the county for the BPTC. 2020 TOP REAL ESTATE TAXPAYERS (Excluding Utilities & Credit Unions Assessed by the State) 2020 Assessed # of Value Parcels Contract or Title holder Actual 2020 Taxes ACT INC $42,611,150 17 $1,456,202 RISE AT RIVERFRONT CROSSING OWNER LLC $55,704,910 332 $1,204,376 BRCS-HAWKEYE HOUSING LLC $50,166,360 522 $1,084,956 MIDWESTONE BANK $27,018,570 6 $937,888 TAILWIND IOWA CITY, LLC $42,542,070 352 $919,736 HOLLINGSWORTH CAPITAL PARTNERS -IOWA, LLC $24,974,480 3 $855,650 GRADUATE IOWA CITY OWNER, LLC $22,750,680 1 $822,620 DEALER PROPERTIES IC LLC $22,802,690 4 $780,600 PROCTER & GAMBLE HAIR CARE LLC $18,627,320 3 $639,578 NATIONAL COMPUTER SYSTEMS INC $18,602,980 2 $638,740 CHAUNCEY LLC (THE) $19,714,160 68 $633,678 IOWA CITY HOTEL ASSOCIATES LLC $17,305,550 1 $624,974 WEBBER-IOWA LLC $28,279,210 120 $611,474 VESPER IOWA CITY LLC $27,604,980 201 $596,898 AUGUSTA PLACE LLC $25,243,000 124 $554,216 ALPLA INC $15,664,760 2 $537,378 FSC HEALTHCARE IV DST $15,542,090 1 $533,146 RIVERFRONT CROSSING HOSPITALITY OWNER LLC $14,809,560 1 $510,896 HIERONYMUS SQUARE DEVELOPERS LLC $15,741,090 24 $498,970 MENARD INC $13,844,970 1 $474,598 PARADIGM PROPERTIES, LLC $21,452,260 120 $470,066 MCLAUGHLIN, MICHAEL T $21,105,800 77 $463,714 OC GROUP LC $12,297,880 2 $443,206 CORE SYCAMORE TOWN CENTER LLC $12,392,400 1 $424,488 CHRISTIAN RETIREMENT SERVICES INC $22,886,400 14 $406,988 13 COMPARISON OF TAX RATES TO City CEDAR RAPIDS IOWA CITY DAVENPORT DUBUQUE SIOUX CITY MASON CITY AMES (Sorted by Assessor 19-20 20-21 Assessor Assessor Levy Levy .25546 .27311 .19747 .25979 .31997 .26758 .27080 .24949 .42948 .38116 .38530 .45811 .35032 .34504 Iowa City Assessor's Office 2021 Annual Report CITIES WITH A CITY ASSESSOR levy - Low to High) 20-21 21-22 Total Levy Total Levy 21-22 Assessor Levy .23947 .25664 .26312 .26903 .38120 .38331 .45640 39.00813 38.54661 39.44684 32.29306 36.98537 36.16948 31.48724 39.11412 38.33084 39.37037 31.70847 35.52165 38.43126 31.18672 PERFORMANCE MEASUREMENTS The median sales ratio (median) is the middle sales ratio and a measure of the percent of our assessment to the actual sales prices. The coefficient of dispersion (C.O.D.) is a measure of assessment uniformity based on the degree to which individual sales ratios vary from the median sales ratio. The goal of the Iowa City Assessor is to keep this C.O.D. below 10. A C.O.D. of 10 is considered excellent. RESIDENTIAL SALES STATISTICAL ANALYSIS The following statistics are for Residential sales, and below are tables of the ranking of Iowa City in comparison to the other 106 assessing jurisdictions in Iowa. For brevity, only the top 10 are shown. Data is for 2020 sales which is the last complete year available. These tables show that Iowa City is still one of only a few jurisdictions in Iowa with a C.O.D. of less than 10. Iowa City also has a large number of sales as could be expected by its size and mobile population. Rank 1 2 3 4 5 6 7 8 9 10 Jurisdiction IOWA CITY DALLAS JOHNSON LINN SCOTT DUBUQUE CO. STORY WARREN BREMER MITCHELL SORTED BY COD Mean Median Weighted 93.55% 93.26% 93.42% 92.65% 92.43% 91.37% 91.31% 90.90% 89.26% 91.68% 89.29% 90.81% 91.82% 90.53% 91.96% 90.78% 89.43% 90.36% 92.74% 90.89% 91.33% 91.11% 89.55% 88.96% 95.58% 91.83% 91.95% 94.86% 92.10% 90.39% 14 COD 7.89% 9.02% 9.38% 11.44% 11.51% 11.94% 12.43% 12.73% 13.33% 14.02% PRD 100.10% 101.40% 102.30% 101.00% 99.85% 100.50% 101.50% 102.40% 104.00% 104.90% Iowa City Assessor's Office 2021 Annual Report The Regression Index, also known as the Price Related Differential (PRD), is an indicator of the degree to which high value properties are over or under assessed in relationship to low value properties. An index of 100 indicates no difference in assessments of high value properties in comparison to low value properties based upon that year's sales. An index over 100 indicates that high value properties are under assessed in relation to low value properties. As you can see in the following table, Iowa City's regression index is still close to the ideal 100 level. For brevity, only the top 15 are shown. SORTED BY REGRESSION INDEX (URBAN RESIDENTIAL) Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Jurisdiction IOWA CITY SCOTT DUBUQUE CO. LINN DALLAS STORY DELAWARE BUENA VISTA SIOUX JOHNSON WARREN SIOUX CITY WOODBURY DICKINSON WINNISHIEK Mean Median Weighted 93.55% 93.26% 93.42% 91.82% 90.53% 91.96% 90.78% 89.43% 90.36% 91.68% 89.29% 90.81% 92.65% 92.43% 91.37% 92.74% 90.89% 91.33% 90.49% 89.23% 88.95% 87.34% 85.27% 85.73% 89.45% 89.20% 87.80% 91.31% 90.90% 89.26% 91.11% 89.55% 88.96% 92.55% 88.83% 90.37% 87.50% 86.24% 85.38% 89.85% 87.90% 87.54% 91.05% 88.86% 88.22% Below is a tabulation of year by year sales statistics for Iowa City over time. Estimate Year #2021 89.37 8.76 #2020 93.26 7.89 #2019 95.22 6.87 #2018 88.73 7.84 #2017 91.35 7.60 2016 92.44 7.69 *2015 94.20 7.30 2014 92.62 7.49 *2013 95.18 6.72 2012 96.55 8.02 *2011 97.57 7.32 2010 95.92 9.99 *2009 95.42 8.29 2008 95.92 7.92 *2007 95 7.88 2006 88.70 9.67 *2005 90.50 8.61 2004 84.50 9.57 *2003 88.30 7.93 2002 94.32 8.03 *2001 94.60 7.83 2000 89 9.16 *1999 93.30 9.38 All odd numbered years are re -Assessment year # - Starting in 2017 avg sale price includes new construction. Previously Median C.O.D # Of Sales 1192 1050 1034 1020 1069 1064 999 974 937 826 740 745 796 833 856 665 717 751 809 777 682 675 691 COD 7.89% 11.51% 11.94% 11.44% 9.02% 12.43% 20.32% 16.08% 14.55% 9.38% 12.73% 16.52% 18.33% 15.53% 15.50% PRD 100.10% 99.85% 100.50% 101.00% 101.40% 101.50% 101.70% 101.90% 101.90% 102.30% 102.40% 102.40% 102.50% 102.60% 1of 71"104. Residential Property Average Sale Price 292,726 273,210 275,980 266,715 246,289 224,879 219,886 209,633 204,632 195,585 191,701 182,635 191,459 188,873 192,294 197,878 186,437 176,136 159,766 152,219 144,912 137,725 134,200 15 Total Price 348,929,392 286,870,500 285,363,320 272,049,300 263,282,941 239,271,256 219,666,114 204,182,923 191,740,184 161,553,210 141,858,740 136,062,994 152,401,156 157,331,213 164,603,799 131,588,850 133,675,410 132,277,978 129,250,592 118,274,003 98,830,294 92,964,467 92,732,093 did not include new construction. Iowa City Assessor's Office 2021 Annual Report COMMERCIAL SALES STATISTICAL ANALYSIS The Coefficient of Dispersion for Commercial properties varies from 6.16 to 92.71 with a median of 27.69 for all Iowa jurisdictions while Residential C.O.D.'s vary from 7.98 to 67.49 with a median of 22.38. Commercial properties are typically more difficult to appraise than residential properties because of the wide variety of building types and fewer comparable sales. For this reason, only jurisdictions with at least 10 sales are included in table below. COMMERCIAL SALES SORTED BY C 0 D (2019 Sales Analysis) No Jurisdiction # of Sales Mean Median C 0 D PRD 1 WOODBURY 13 99.32% 96.88% 12.86% 101.6% 2 CERRO GORDO 14 89.61% 88.64% 12.87% 94.09% 3 DICKINSON 78 93.41% 97.60% 13.43% 102.5% 4 JOHNSON 35 90.42% 90.74% 13.68% 119.5% 5 EMMET 14 101.50% 100.00% 13.99% 105.9% 6 HANCOCK 10 88.85% 86.57% 17.05% 107.5% 7 MASON CITY 16 93.71% 99.87% 17.32% 127.6% 8 LINN 26 89.08% 89.60% 18.12% 111.9% 9 IOWA CITY 11 94.88% 94.90% 18.86% 102.1% 10 APPANOOSE 10 94.93% 97.49% 19.98% 101.0% 11 JASPER 10 109.10% 102.40% 20.27% 109.2% 12 WASHINGTON 10 79.32% 71.83% 20.41% 116.8% 13 POCAHONTAS 11 77.19% 80.18% 20.94% 114.9% 14 SIOUX 30 92.81% 98.55% 22.62% 105.5% 15 CEDAR RAPIDS 51 96.36% 91.91% 22.92% 110.7% 16 BUTLER 11 83.13% 85.43% 24.03% 115.0% 17 WARREN 12 69.28% 69.81% 24.06% 101.7% 18 WRIGHT 13 111.30% 100.70% 24.10% 106.1% 19 KOSSUTH 12 83.94% 85.88% 24.28% 111.8% 20 DALLAS 31 98.18% 93.82% 24.94% 107.1% HISTORICAL COMMERCIAL SALES STATISTICS Below is a tabulation of year by year sales statistics for Iowa City commercial properties. Because of the small number of sales, one or two bad sales can greatly influence the performance measurements, therefore creating greater fluctuation in the numbers. See data above to illustrate this and to show Iowa City's standing # of # of Year Median C.O.D. Sales Year Median C.O.D. Sales Estimate 2021 88.30 15.93 19 2000 96.85 14.99 28 2020 94.90 18.86 11 1999 87.50 14.14 33 2019 91.28 16.87 22 1998 89.10 11.68 25 2018 78.88 14.13 9 1997 87.80 11.57 21 2017 95.25 12.03 6 1996 89.50 15.78 24 2016 92.54 21.77 19 1995 90.10 12.76 22 2015 90.67 13.13 12 1994 87.90 12.44 24 2014 90.82 15.39 12 1993 90.35 14.24 26 2013 92.98 18.15 20 1992 89.90 14.86 21 2012 93.51 12.84 14 1991 87.85 8.38 8 2011 90.83 27.99 18 1990 89.60 19.53 13 2010 97.77 12.82 29 1989 94.40 13.81 13 2009 89.21 13.60 29 1988 95.40 19.77 20 2008 95.29 21.32 36 1987 87.65 17.27 16 2007 91.80 23.24 35 1986 98.20 14.21 15 2006 87.55 17.05 26 1985 82 12.63 16 2005 85.65 15.52 34 1984 76.80 18.30 13 2004 80.90 17.82 17 1983 87.85 10.58 26 2003 89.22 15.08 39 1982 78 10.25 8 2002 92.40 16.81 17 1981 87.55 10.07 14 2001 93.50 15.04 23 1980 80.85 22.69 12 16 Iowa City Assessor's Office 2021 Annual Report MULTIRESIDENTIAL SALES STATISTICAL ANALYSIS The Coefficient of Dispersion for Multiresidential properties varies from 0.27 to 67.31 with a median of 19.51 for all Iowa jurisdictions. Only jurisdictions with at least 5 sales are included in table below. MULTIRESIDENTIAL SALES SORTED BY C 0 D (2019 Sales Analysis) No Jurisdiction # of Sales Mean Median C 0 D PRD 1 IOWA CITY 13 100.50% 101.10% 7.75% 98.58% 2 CLAY 6 87.46% 87.88% 7.76% 99.67% 3 JOHNSON 5 92.97% 99.27% 8.69% 119.00% 4 AMES 6 110.50% 109.00% 12.88% 102.03% 5 SCOTT 8 88.44% 88.89% 13.84% 101.60% 6 LINN 10 74.63% 78.01% 16.03% 141.10% 7 CARROLL 6 92.52% 96.88% 17.27% 116.40% 8 MUSCATINE 6 92.90% 82.77% 17.37% 110.40% 9 MARION 11 92.09% 86.62% 17.39% 110.40% 10 MASON CITY 9 99.55% 93.18% 18.15% 117.30% 11 CITY OF DUBUQUE 18 84.82% 88.73% 18.51% 231.30% 12 JASPER 10 73.72% 65.90% 21.14% 99.09% 13 DALLAS 7 74.08% 80.69% 21.16% 94.68% 14 WAPELLO 8 75.47% 76.72% 22.02% 147.10% 15 JEFFERSON 8 75.97% 79.21% 23.26% 101.50% 16 POLK 69 85.43% 81.94% 23.31% 101.00% 17 STORY 7 99.88% 90.87% 23.55% 128.40% 18 PAGE 5 57.41% 60.29% 24.38% 96.06% 19 SIOUX 7 75.65% 74.75% 24.74% 122.30% 20 CEDAR RAPIDS 15 69.41% 68.29% 26.81% 144.60% HISTORICAL MULTIRESIDENTIAL SALES STATISTICS Below is a tabulation of year by year sales statistics for Iowa City Multiresidential properties. Because of the small number of sales, one or two bad sales can greatly influence the performance measurements, therefore creating greater fluctuation in the numbers. See data above to illustrate this and to show Iowa City's standing # of Year Median C.O.D. Sales Estimate 2021 87.86 15.37 16 2020 100.50 7.75 13 2019 87.90 10.87 7 2018 77.42 9.93 6 2017 80.47 15.87 8 2016 84.69 14.01 9 2015 86.46 14.16 8 17