Frequently Asked Questions

Property Tax → Calculating Property Taxes and Credits

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Where can I get the latest information about my property?

This information can be obtained by contacting your County Treasurer.

Is there any type of credit or help available for elderly, disabled, or low-income property owners?

If you are totally disabled or 65 years of age or older and your total household income is less than the amount set by the State of Iowa, you may qualify for tax relief under the provisions of Iowa Code Section 425.16. Applications are available from January 2 through June 1 each year at some neighborhood community centers or at the Treasurer’s Office. Tax credits and exemptions may be reduced pursuant to Iowa Code Section 25B.7. Contact your County Treasurer’s office for further information or to obtain the application forms.

Forms may also be downloaded by clicking on the following link: Iowa Property Tax Credit Claim Forms

How are my property tax dollars spent?

The Iowa State Association of Counties provides these depictions of the disbursement of tax dollars for urban and rural counties.

How do I estimate the net tax for a residential property?

How To Calculate Your Estimated Net Tax:

Example:

Step-by-Step Instructions	Calculation
1. Enter your 2009 assessed value	$100,000
2. Enter the rollback 1	x 0.469094
3. Multiply line 1 by line 2 → Equals your gross taxable value	$46,910
4. Enter the tax levy for your tax district 2	x 0.04528162
5. Multiply line 3 by line 4 → Equals the Estimated Net Property Tax, rounded to the nearest whole even dollar	$2,124

How do I estimate the net tax for a residential property with Homestead Tax Credit?

The Homestead Tax Credit is intended to provide tax relief for those who own and occupy a home in Iowa.

Example:

Step-by-Step Instructions	Calculation
1. Enter your 2009 assessed value	$100,000
2. Enter the rollback 1	x 0.469094
3. Multiply line 1 by line 2 → Equals your gross taxable value	$46,910
4. Subtract Homestead Credit 4	- $3,104
5. Equals your Net Taxable Value	$43,806
6. Enter the tax levy for your tax district 2	x 0.04528162
7. Multiply line 5 by line 6 → Equals the Estimated Net Property Tax, rounded to the nearest whole even dollar	$1,984

How do I estimate the net tax for a residential property with Homestead and Military Tax Credit?

The Homestead Tax Credit is intended to provide tax relief for those who own and occupy a home in Iowa. The Military Tax Credit is an exemption intended to provide tax relief to veterans who own a home in Iowa.

Example:

Step-by-Step Instructions	Calculation
1. Enter your 2009 assessed value	$100,000
2. Enter the rollback 1	x 0.469094
3. Multiply line 1 by line 2 → Equals your gross taxable value	$46,910
4. Subtract Military Credit 3	- $1,852
5. Subtract Homestead Credit 4	- $3,104
6. Equals your Net Taxable Value	$41,954
7. Enter the tax levy for your tax district 2	x 0.04528162
8. Multiply line 6 by line 7 → Equals the Estimated Net Property Tax, rounded to the nearest whole even dollar	$1,900

 

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