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How is the Homestead Credit calculated?

April 26, 2017calculated credit homestead

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How is the Homestead Credit calculated?

1 Answer

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10 Posted

• The Homestead Credit is calculated by dividing the homestead credit value by 1,000 and multiplying by the Consolidated Tax Levy Rate. That amount may then be reduced by the county to the same amount at which the State of Iowa has approved funding.