FY2022

Property Tax Valuations Last Ten Fiscal Years

Assessed Valuation

Tax Collection Year: FY2022 Prelim.

FY2021

FY2020

FY2019

Residential

$

5,040,954,670

$

4,958,648,218

4,399,451,083 $

4,255,597,838 $

Agricultural (taxed at Ag rate)

1,727,980

1,748,000

2,539,080

2,625,810

Multi-Residential

549,457,442 1,081,297,302

539,636,381 1,060,943,044

489,176,499 932,699,374 76,905,588

471,420,082 915,964,068 71,553,904

Commercial

Industrial Railroads

80,001,410 4,488,469 6,152,547

80,663,794 4,488,469 6,152,547

3,601,348 7,386,408

3,549,414 7,099,293

Utilities w'out Gas & Electric

Gross valuation

6,764,079,820

6,652,280,453

5,911,759,380

5,727,810,409

Less: Military exemption

2,392,784

2,435,380

2,489,088

2,579,836

Net valuation

6,761,687,036 133,730,719 126,171,274 7,021,589,029

6,649,845,073 89,469,635 118,583,613 6,857,898,321

5,909,270,292 115,175,495 109,124,421

5,725,230,573

Incremental value

85,379,709 97,050,716

Gas and Electric Utilities Total Assessed valuation

$

$

6,133,570,208 $

5,907,660,998 $

Percent change

2.387%

11.809%

3.824%

7.520%

Taxable Valuation

Tax Collection Year: FY2022 Prelim.

FY2021

FY2020

FY2019

Assessment Limitation: Residential rollback Agricultural rollback Multi-Residential rollback

56.4094% 84.0305%

55.0743% 81.4832%

56.9180% 56.1324%

55.6209% 54.4480%

67.50% 90.0% 90.0%

71.25% 90.0% 90.0% 100.0%

75.00% 90.0% 90.0% 100.0%

78.75% 90.0% 90.0% 100.0%

Commercial and Railroad rollback

Industrial rollback Utilities rollback

98.5489%

Residential

$

2,799,981,684

$

2,719,569,602

2,490,442,298 $

2,356,529,643 $

Agricultural (taxed at Ag rate)

1,452,030

1,424,328

1,425,151

1,429,547

Multi-Residential

370,883,773 969,794,500 72,001,269

382,070,966 950,525,463 72,596,824

363,613,829 832,628,954 68,970,889

368,969,925 819,505,276 64,152,540

Commercial

Industrial Railroads

4,039,622 6,063,267

4,039,622 6,152,547

3,241,213 7,386,408

3,194,473 7,099,293

Utilities w'out Gas & Electric

Gross valuation

4,224,216,146

4,136,379,352

3,767,708,742

3,620,880,697

Less: Military exemption

2,392,784

2,435,380

2,489,088

2,579,836

Net valuation

4,221,823,362 133,730,719

4,133,943,972

3,765,219,654 115,175,495

3,618,300,861

Incremental value

84,077,937 40,156,239

85,379,369 41,797,475

Gas and Electric Utilities Total Taxable Valuation

40,595,608

42,719,065

$

4,396,149,689

$

4,258,178,148

3,923,114,214 $

3,745,477,705 $

Percent change

3.240%

8.541%

4.743%

5.719%

Total Direct Tax Rate City of Iowa City

$

15.673

$

15.773

$

15.833

$

16.183

660