Credits and Exemptions

To qualify for the credit, the property owner must be a resident of Iowa and occupy the property on July 1 and for at least six months of every year. New applications for homestead tax credit are to be filed with the Assessor on or before July 1 of the year the credit is first claimed. Once a person qualifies, the credit continues until the property is sold or until the owner no longer qualifies. This credit reduces the value on which taxes are calculated by a maximum of $4,850.

Qualification is determined based on residency, type of discharge and time served. Military veterans including Iowa National Guard and United States Reservists may qualify. Contact the County Assessors' Office for additional information. Applications must be made with the Assessor on or before July 1 of the year the exemption is first claimed. The exemption remains in effect until the property owner is no longer eligible.

This is a tax credit on agricultural tracts of land 10 acres or more that are farmed by the owner or immediate family members (this includes brothers/sisters, sons/daughters, grandchildren, great-grandchildren, uncles/aunts, nephews/nieces.) This credit needs to be filed by November 1st at the Assessor's office. It only needs to be filed once unless the ownership or the person actively engaged in farming changes.

Qualification is determined by classification.  The property must be classified for tax purposes as Commercial, Industrial, or Railroad to qualify and not be assessed as Section 42 housing, a mobile home park, a manufactured home community, a leased land community, an assisted living facility, or primarily used or intended for use for human habitation (containing 3 or more dwelling units).  Applications are to be filed with the Assessor on or before March 15th for the previous year in which the credit is first claimed.  Once a property qualifies, the credit continues until the property is sold or until the use no longer qualifies.

Exemption is based on the actual value added to owner-operated cattle facilities, including small or medium-sized feedlots, either by new construction or by the retrofitting of existing facilities.

The impoundment must contain at least 18 acre-feet of water, be outside of a city limits and be used for agricultural purposes to qualify for exemption.

Property must be an industrial warehouse, distribution center or research facility to qualify.

The first annual application shall be accompanied by a certificate from the department of natural resources stating that the land is native prairie or protected wetland.

The application for pollution control or recycling property shall be accompanied by a certificate from the environmental protection division of the Iowa DNR.

Qualifying structures located in a Urban Revitalization District will receive an exemption based upon the schedule set up by each city council.

Agricultural landowners may designate not more than two acres of the land for use as a wildlife habitat. The Iowa DNR shall certify the designated land as a wildlife habitat.