Annual Report of the SIOUX COUNTY ASSESSOR to the SIOUX COUNTY CONFERENCE BOARD February 6, 2018
SIOUX COUNTY CONFERENCE BOARD JANUARY 1, 2018 BOARD OF SUPERVISORS Allen Bloemendaal John Degen Arlyn Kleinwolterink Mark Sybesma, Chairman Dennis Wright Sioux Center Hawarden Orange City Hull Hull MAYORS Brian Schut Laryl Koerselman Virgil Lidgett Karl Kellen Ricard Porter Dan Dykstra Roger Buys Chris Mueller Charlie Schwebach Michael Vander Stelt Deb De Haan Kevin Van Otterloo Dennis Walstra Alton Boyden Chatsworth Granville Hawarden Hospers Hull Ireton Matlock Maurice Orange City Rock Valley Sioux Center SCHOOL BOARD MEMBERS Laura Woelber Christine Koerselman Shelli Rens Kecia Hickman Tim Gesink Larry Gregg Boyden-Hull MOC-Floyd Valley Rock Valley Sheldon Sioux Center West Sioux IOWA DEPARTMENT OF REVENUE Courtney M. Kay-Decker, Director Julie Roisen, Administrator, Property Tax Section - 1 -
STAFF OF SIOUX COUNTY ASSESSOR S OFFICE Ross M. Simmelink (term expires 12/31/21) Brenda Uhl Carol Van Gorp Jonathan Dykstra County Assessor Deputy Assessor Clerk Appraiser BOARD OF REVIEW De Wayne Dykstra Orange City (2017-2022) Charlene Granstra Rock Valley (2012-2017) Scott Hulstein Sioux Center (2013-2018) Marlin Janssen Hawarden (2017-2022) Mark Warntjes, Chair Boyden (2015-2020) EXAMINING BOARD Paul Clousing Sioux Center Representing Supervisors Duane Feekes Orange City Representing School Board Aaron Kooiker Hull Representing Mayors All terms expire 12/31/2021-2 -
Valuations As of January 1, 2017 there was a net total of $34.2 million of 100% actual valuation added in Sioux County, a 1.0% increase. The biggest change being the biennial revaluation of agricultural properties, resulting in an 11.7% decrease in the total valuation for that class of property. The first decline since 2003 comes after seeing a 337% increase from 2007 2015. There was new construction totaling $55,890,000. A breakdown by class: Agricultural - $ 5,753,000* Residential - $30,313,610 (120 new houses) Multi-Residential - $ 1,616,980 Commercial - $11,886,150 Industrial - $ 4,081,990 *Due to the ag factor applied to farm buildings for assessment purposes, this value is reduced from $26,150,000. ACTIONS OF THE 2017 BOARD OF REVIEW There were 49 appeals filed with Board of Review for the 2017 regular session. All of the protests were filed on real estate assessments. Of the 49 appeals, 21 were upheld and received some type of reduction. These actions and other adjustments the board made on their own initiative resulted in an overall decrease in value of $493,840. The number of protests by class of property is as follows: Agricultural 0 Ag. Dwlg. 0 Urban Residential 43 Rural Residential 3 Commercial 3 Industrial 0 Total 49 No District Court or Iowa Property Assessment Appeal Board cases pending. - 3 -
STATEMENT OF ASSESSED VALUATION OF SIOUX COUNTY AS OF JULY 1, 2017 Real Property - 7/1/2016 $3,388,798,350 New construction added January 1, 2017 $ 53,651,710 Property revalued for January 1, 2017 $ 395,411,490 Property returned to taxation $ 948,330 LESS: Property to Exempt $ 1,650,860 Buildings Removed $ 3,860,070 Board of Review Adjustments $ 493,840 Revaluation $ 409,800,730 Total 100% Real Property* 7/1/2017 $3,423,004,380 *Locally assessed property only, does not include public utilities or railroads which are centrally assessed by the Iowa Department of Revenue. SIOUX COUNTY STATEWIDE RANK Population (2017 est.) 35,053 20 th Total Valuation $3,423,004,380 14 th Agricultural Land - $1,097,893,100 3 rd Agricultural Buildings - $ 82,582,950 1 st Agricultural Dwellings $ 252,532,380 6 th Residential $1,480,345,440 17 th Commercial $ 336,976,810 17 th Industrial $ 140,055,840 29 th* Multi-Residential - $ 32,623,580 26 th Assessor Expenditures - $ 414,550 54 th *Excluding wind farms the rank would be 16 th. - 4 -
COMPARISON OF THE 2016 & 2017 VALUATIONS 2016 2017 %CHANGE Agricultural $1,336,684,140 $1,180,470,330-11.69% Residential* $1,559,706,530 $1,732,877,820 + 11.10% Commercial $ 325,139,900 $ 336,976,810 + 3.64% Industrial $ 136,347,480 $ 140,055,840 + 2.72% Multi-Residential $ 30,920,300 $ 32,623,580 + 5.51% *Includes Agricultural Dwellings HISTORICAL VALUATIONS - 5 -
ASSESSMENTS IN SIOUX COUNTY Total Valuation - $3.42 billion consisting of 29,579 taxable parcels Class Value (rounded) % of total Agricultural $1.180 billion 34.5% (451,560 acres) Ag. Residences - $252.53 million 7.4% Rural Residential - $179.66 million 5.3% Urban Residential - $1.30 billion 38.0% Commercial - $336.90 million 9.8% Industrial - $140.05 million 4.1% Multi-Residential - $ 32.62 million 0.9% - 6 -
SIOUX COUNTY EXEMPT PROPERTIES Totals by exemption class Agricultural Society $ 47,670 Cemeteries 1,685,800 Charitable Society 16,359,940 City Government 136,765,260 County Government 31,892,420 Education 2,045,230 Federal Government 192,910 Forest Reserve 31,180 Fraternal Organization 111,710 Geo Thermal 284,690 Historical/Museum 418,340 Hospitals 64,603,420 Industrial Exemption 2,002,400 Low Rent Housing 6,198,950 Nursing Homes 19,933,640 Pollution Control 6,727,730 Private Colleges 178,596,860 Public School 90,461,720 Regional Airport 9,853,070 Religious Institutions 203,737,830 Retirement Homes 1,024,540 Rural Water 13,508,990 Slough Bill 947,130 State Government 3,360,010 Speculative Shell Bldg 821,870 Urban Revitalization 12,230,690 Veterans Organizations 237,900 TOTAL $803,676,440-7 -
TOP TWENTY TOTAL ASSESSED VALUATIONS As of July 1, 2017 (Locally assessed, not including utilities or railroads) Farmers Coop Society $18,664,440 Ag Partners LLC $15,873,080 Trega Foods $13,729,050 Vogel Enterprises $11,485,720 American State Bank $10,443,830 Hull Cooperative Association $10,284,520 City of Sioux Center * $ 9,296,790 Wal-Mart Real Estate $ 9,256,690 Siouxland Energy & Livestock $ 8,951,350 SCC10 Orange City LLC $ 8,947,110 Trigen, LLC $ 7,780,540 ATI Products, Inc. $ 7,417,930 Cooperative Farmers Elevator $ 5,683,830 Deluxe Feeds $ 4,075,380 John & Phil Kooima Trusts $ 4,785,060 Premium Pet Health, LLC $ 4,733,080 Peoples Bank $ 4,437,020 CCVV Holdings LLC $ 4,418,280 Sioux Center Health $ 4,331,740 Prairie Winds Hotel Holdings $ 4,204,220 *Centre Mall, Development Land - 8 -
TOP TWENTY TAXPAYERS 2016 Assessment Payable 2017-18 (Including Utilities and Railroads) Farmers Coop Society $476,942 Burlington Northern & Santa Fe R.R. $431,373 MidAmerican Energy $417,373 Ag Partners, LLC $407,424 Union Pacific Railroad $373,794 Trega Foods $333,110 Wal-Mart Real Estate $277,002 Vogel Enterprises, Ltd $257,144 SCC10 Orange City LLC $245,842 Hull Coop Association $244,406 American State Bank $235,738 Trigen, LLC $232,358 City of Sioux Center $229,710 ATI Products, Inc. $166,886 Siouxland Energy & Livestock Company $166,646 Cooperative Farmers Elevator $162,902 Deluxe Feeds $138,288 Premium Pet Health, LLC $128,772 Peoples Bank $126,786 Prairie Winds Hotel Holdings $114,080-9 -
RESIDENTIAL SALES There were 527 sales in 2017 (both urban and rural), a slight decrease from 535 in 2016. The average sale price was $158,070, up from 152,525 the year before. Almost half of the sales (48%) were in the $100,000 - $200,000 range with the rest pretty evenly split on either side of that spectrum. - 10 -
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