403.20 Percentage of adjustment considered in value assessment.
In determining the assessed value of property within an urban renewal area which is subject to a division of tax revenues pursuant to section 403.19, the difference between the actual value of the property as determined by the assessor each year and the percentage of adjustment certified for that year by the director of revenue on or before November 1 pursuant to section 441.21, subsection 9, multiplied by the actual value of the property as determined by the assessor, shall be subtracted from the actual value of the property as determined pursuant to section 403.19, subsection 1. If the assessed value of the property as determined pursuant to section 403.19, subsection 1, is reduced to zero, the additional valuation reduction shall be subtracted from the actual value of the property as determined by the assessor.
[C81, §403.20]
2003 Acts, ch 145, §286
Referred to in §357H.9, 441.21A
Structure Iowa Code
Section 403.2 - Declaration of policy.
Section 403.3 - Municipal program.
Section 403.4 - Resolution of necessity.
Section 403.5 - Urban renewal plan.
Section 403.6 - Powers of municipality.
Section 403.7 - Condemnation of property.
Section 403.8 - Sale or lease of property.
Section 403.9 - Issuance of bonds.
Section 403.10 - Bonds as legal investment.
Section 403.11 - Exemptions from legal process.
Section 403.12 - Urban renewal project—powers of municipality.
Section 403.13 - Presumption of title.
Section 403.14 - Urban renewal agency powers.
Section 403.15 - Agency created.
Section 403.16 - Personal interest prohibited.
Section 403.18 - Rule of construction.
Section 403.19 - Division of revenue from taxation — tax increment financing.
Section 403.19A - Targeted jobs withholding credit — pilot project.
Section 403.20 - Percentage of adjustment considered in value assessment.
Section 403.21 - Communication and cooperation regarding new jobs training projects.