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How does the Iowa Department of Revenue know when a local assessor’s 100% Actual Values are not sufficiently accurate?

April 26, 2017accurate actual assessor Department Iowa local revenue sufficiently values

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How does the Iowa Department of Revenue know when a local assessor’s 100% Actual Values are not sufficiently accurate?

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• The Department receives a copy of the Declaration of Value required to be filed with the county recorder when real estate is sold. Actual sales values are then compared to the local assessor’s 100% Actual Values.