This spread sheet lists tax levies for Johnson County, Iowa that will be used in the computation of property taxes payable in FY22, due September 1, 2021 and March 1, 2022 (based on 2020 assessments). The levies on the schedule are represented in dollars per $1,000 valuation.

2020 tax levies payable FY22

Click here for information on rollbacks

The assessed value of property will be rolled back as follows:

  • Residential: 56.4094%
  • Ag Land: 84.0305%
  • Ag Buildings: 46.1068%
  • Commercial: 90.0000%
  • Industrial: 90.0000%
  • Multi-residential: 67.5000%
  • Utilities: 98.5489%
  • Railroads: 90.0000%

Below is an example of a residential tax calculation for a military veteran, City of Iowa City, Iowa City Community School District.

$100,000 Assessed value (100% value)

X .556259 Rollback percentage (residential class)
= $55,626 Rollback value (taxable)

Less 1,852 Military exemption (if applicable)
= $53,774 Net taxable value

X .03874878 Levy divided by $1,000 (varies with taxing district. Example is IC, IC)
= $2,083.68 Gross tax

Less $187.93 Homestead Credit, if applicable ($4,852 x 0.03881115 x 1.00) *

$1,896 Property tax (rounded to the nearest even dollar)

 

* Homestead Credit = [full homestead value (4,850)] x [levy for the tax dist.] x [% reimbursement this year by State (100%)]