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Local tax shift hits Linn County businesses less than homeowners
Iowa lawmakers reduced business tax burden by shifting costs to residential property owners. In Linn County Smulekoffs Furniture kept a high assessed value at 1,279,986 for 1981 yet saw taxes drop to 36,430. Iowa Electric Light and Power and Armstrong's Dept Store also report tax decreases while Cedar Rapids homeowners face 16 to 25 percent higher bills due to a 23 percent value increase from a Department of Revenue order.
MENTIONED IN THIS ARTICLE
Iowa
Linn County
Abbott Lipsky
Smulekoffs Furniture
Third Ave. SE
Smulekoffs
Cedar Rapids
Iowa Department of Revenue
Lipsky
The
Revenue Department
Horace Webb
Iowa Electric Light and Power Co
Webb
Iowa Electric
Jim Miller
Armstrong's Department Store
Armstrong
Third Avenue
Second and
Third Streets
Miller
Stouffer's
Five Seasons Hotel
Gazette
Westdale Mall
Armstrong’s Department Store
Third Street
Cedar Rapids Gazette
Third Ave
Five Seasons Inn, Inc
Stouffers
First Ave
Illinois Central Gulf Railroad
First St. SE
Iowa Illinois Gas and Electric Co
Third St
Killian’s
Lindale Mall
Sears
Northwestern Bell
Roosevelt Hotel
William Ellwood
Mike Cox
Property Tax Department
Department of Revenue
Cox