Black Hawk County Facing Local Tax Revenue Shortages

Tools

By Liz Blood

WATERLOO, Iowa (AP) — Cities and school districts in Black Hawk County may face local tax revenue shortages because so many businesses are winning appeals of their property tax assessments.

The Waterloo-Cedar Falls Courier reports that some government entities may even have to refund portions of some taxes paid before the higher assessments could be successfully appealed.

Appeals have been filed on 380 parcels after a countywide reappraisal boosted many 2011 values.

So far, 119 property owners have won or settled those appeals for a combined $25.7 million reduction in value. The county has won 50 cases to sustain the assessments.

If tax collections don't meet budgeted expectations, the cities, school districts and other tax-supported agencies will have to cut spending or tap their cash reserves.

Conversation Guidelines

Be Kind

Don't use abusive, offensive, threatening, racist, vulgar or sexually-oriented language.
Don't attack someone personally. Keep it civil and be responsible.

Share Knowledge

Be truthful. Share what you know and what you are passionate about.
What more do you want to learn? Keep it simple.

Stay focused

Promote lively and healthy debate. Stay on topic. Ask questions and give feedback on the story's topic.

Report Trouble

Help us maintain a quality comment section by reporting comments that are offensive. If you see a comment that is offensive, or you feel violates our guidelines, simply click on the "x" to the far right of the comment to report it.


read the full guidelines here »

Commenting will be disabled on stories dealing with the following subject matter: Crime, sexual abuse, property fires, automobile accidents, Amber Alerts, Operation Quickfinds and suicides.

facebook twitter rss mobile google plus
email alerts you tube hooplanow pinterest instagram

What's On KCRG