Iowa Code § 440.5
Current through bills signed by governor as of 5/17/2024
If it is made to appear that the property is assessable by the department of revenue as omitted property, the department shall proceed in the manner in which the department would have proceeded had the assessment not been omitted, except that the department shall find the value of the omitted property for each year during which it has been omitted but for not more than the two previous assessment years and shall add ten percent to each yearly value as a penalty.
Iowa Code § 440.5
99 Acts, ch 174, §2, 7; 2003 Acts, ch 145, §286
Referred to in §440.6