Monroe County Appraiser Randy Noe spoke with the Monroe County Board of Supervisors Feb. 8 about a pending Cargill property appraisal appeal.
Noe said Cargill appealed their property’s estimated 2021 value and requested that the assessment be reduced by $22,174,511, or about 20% across the board, which could impact finances. of several local entities.
If Cargill receives the full assessment reduction it requested, it would reduce its taxes by about $500,000 each year going forward. According to Noe, the three entities that would be most affected are Monroe County, Eddyville-Blakesburg-Fremont School District and Monroe County Hospital and Clinics.
“On the main Cargill plant I’m looking at the Eddyville school and it’s just about $160,000 in revenue and on the Qore part… it looks like it would be just around $36,000 and it’s is kind of the same with county,” Noe said.
Noe said the school district receives 39.311% of taxes from Cargill, while Monroe County receives 39.937% and MCHC receives 10.887%. Indian Hills Community College also receives 3.718% and the Assessor’s Office receives 2.6% of Cargill’s total property taxes, with other entities receiving even smaller amounts.
Noe said the initial application was reviewed by the local review board and denied in May, but Cargill then appealed to the Iowa Property Assessment Appeal Board in June. Noe said the process is ongoing and these decisions can often take more than a year to be announced, but he wanted the board to be aware of the appeal when developing its budget because if the application is accepted, the county may lose a significant amount of funding, or other property owners’ property tax rates may need to be increased to make up the difference.
According to Noe, Monroe County attorney John Pabst would represent the county in all hearings held by the Iowa Property Assessment Appeal Board if it got to that stage. Cases can also be settled before going to hearings.
“We’re going to have a third-party assessment done and I think a lot will depend on how it comes out,” Noe said.
Noe said the appraisal could cost the county about $85,000 plus the cost of travel and time for any necessary testimony at a possible hearing, according to a quote he received from Mid-States Appraisal Services in Overland. Park, Kansas.
Noe said Cargill had not requested a hearing with the local council, had simply asked for the assessment to be reduced and had so far provided no evidence to the county as to why their assessment should be reduced. Monroe County attorney Pabst told the supervisors’ meeting that he requested documents from Cargill and also received no response.
“We haven’t seen anything yet,” Noe said.