Iowa Code § 432.7 — Assessment

The assessor shall, upon the receipt of the statements, and from other information acquired by the assessor , assess against every corporation or association referred to in section 432.6 , the actual value of each parcel of real estate situated in the assessment district of the assessor , and all the property shall be assessed at the same rate, and for the same purposes as the property of private individuals, as provided in section 441.21 .