What is the role of the Iowa Department of Revenue and Finance?
The Iowa Department of Revenue and Finance assists local governments in making property tax assessments fair and in compliance with the law. It does not collect or use property taxes. • It administers an examination which would-be assessors and deputy assessors must pass. • It issues equalization orders to county auditors every two years for classes of property. • It provides technical assistance and educational programs for assessors and members of boards of review. • It issues regulations on assessors, conference boards and boards of review. • It assesses all utility and railroad properties. • It administers credits and exemptions to property owners. • It has general supervisory authority over the operation of the assessors offices and the boards of review.
