Section 603.21. Field followup

The Board will not accept certifications of taxable real property inventories of county assessment boards without field followup. The Board field staff reconciles each submitted inventory certification. These reconciliations shall consist of analyses of assessment records in the various county court houses and discussions with assessing officials. The following two types of reconciliations are conducted:

(1) The first type of inventory reconciliation shall consist of analyzing and tabulating taxable real property assessments by use of property. These classifications shall include residential, industrial, commercial, agricultural, vacant lots, land, mineral resources, and the like. The sum of the various use-class assessments in each school district and municipality shall agree with the total certified by the county assessment board. The reasons for any discrepancies shall be ascertained and necessary adjustments made. This reconciliation shall verify the county assessment board certification, and shall provide aggregate assessment inventories classified by use of property. This classification of inventories by use is fundamental in the subsequent conversion to aggregate market value.

(2) The second type of inventory reconciliation shall consist of comparing each property assessment of the current year with that of the previous year. This comparison shall reveal the amount of change by class of property, the reason for the change, and whether the change affects market value. This reconciliation shall verify the county assessment board certification, update the classified inventory, and ascertain those properties going on and off the tax assessment rolls.