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Supervisors set state funding percentages for property tax credits and exemptions
Summary
The board adopted Resolution #06-23-2025B establishing state-funded percentages for property tax credits and exemptions for Assessment Year 2024, including Homestead and Disabled Veteran’s credits at 100% and Ag Land/Family Farm credits at specified percentages.
Van Buren County adopted Resolution #06-23-2025B on June 23 to set the percentage of state funding that will be applied to local property tax credits and exemptions for Assessment Year 2024. The resolution follows Iowa Code Section 25B.7 and reflects the county’s allocation of state appropriations for the July 1, 2025–June 30, 2026 fiscal year.
The resolution specifies funding levels: Homestead Credit—100% (with a note that the Homestead Exemption created by 2023 Iowa Acts HF718 is not state‑funded); Disabled Veteran’s Homestead Credit—100%; Low‑Income/Elderly/Disabled Credit—100% subject to statutory caveats described in the resolution; Ag Land Credit—21.60741415%; Family Farm Credit—15.39824664%. Roll call: Meek—Aye; Waugh—Not Present; House—Aye.
