From: Hyman, Dale [IDR]
Sent: Monday, April 02, 2007 10:41 AM
To: Iowa Assessors
Subject: 2006 Commercial Sales
Attached is a work sheet with tabs for an overview of commercial sales (Excel) ratios, a graph of ratios, and a listing of 2006 sales that we have coded good for analysis. There are still a few 2006 sales to be entered so it is not a complete listing. The regular paper listing will be sent in a few weeks with the standard letter and set time frame for requesting changes in sales listing. We also plan on delivering the appraisal results by early May. A casual analysis of the commercial sales indicates a statewide median of 88.8% with a good clustering of counties around the median. The residential sales median for 2006 is 92.2%.
Equalization is based on a combination of sales and appraisals so the appraisals may significantly change the median especially for those counties with fewer sales.
Dale Hyman, Administrator
Property Tax Division
Iowa Department of Revenue