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, 2023 and March 1, 2024 (based on 2022 assessments). The levies on the schedule are represented in dollars per $1,000 valuation.

2022 Assessed Values taxes payable 2023-2024

Click here for information on rollbacks

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

• Residential: 54.6501%
• Ag Land: 91.6430%
• Commercial: 54.6501% up to $150,000 & 90.0000% above $150,000
• Industrial: 54.6501% up to $150,000 & 90.0000% above $150,000
• Railroads: 54.6501% up to $150,000 & 90.0000% above $150,000

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 .546501 Rollback percentage (residential class)
= $54,650.10 Rollback value (taxable)

Less 1,852 Military exemption (if applicable)
= $52,798.10 Net taxable value

X .03825897 Levy divided by $1,000 (varies with taxing district. Example is ICI, IC)
= $2,020.00 Gross tax

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

$1,832.07 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%)]