LSA outlines Iowa property tax system and recent legislative changes
Michael Peters of the Legislative Services Agency summarized how Iowa determines assessed and taxable values, the rollback (assessment-limitation) system, exemptions and credits, tax increment financing, school funding links, and the effects of recent laws including House File 718 and Senate File 2442.
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Michael Peters of the Legislative Services Agency summarized Iowa’s property tax system and recent legislative changes in an LSA presentation that reviewed how properties are assessed, how taxable values are calculated, and how recent laws alter levy limits and exemptions.
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