How is an Equalization Order determined?
The Iowa Department of Revenue is responsible for “equalizing” assessments every two years. This is a general explanation of the purpose of equalization.

The Department of Revenue compares the assessors’ abstracts to a “sales assessment ratio study” it has completed independently of the assessors. If the assessment (by property class) is 5% or more above or below the sales ratio study, the department increases or decreases the assessment. (There are no sales ratio studies for agricultural or industrial properties.)

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1. What is an Equalization Order?
2. Why is equalization necessary?
3. How is an Equalization Order determined?
4. How will I know if my property receives an Equalization Order?