What is the Iowa property tax?
The Iowa property tax is primarily a tax on “real property”, which is mostly land, buildings, structures, and other improvements that are constructed on or in the land, attached to the land, or placed upon a foundation. Typical improvements include a building, house or mobile home, fences, and paving.
The Iowa property tax is a tax on real property, which is mostly land, buildings, structures, and other improvements that are constructed on or in the land, attached to the land, or placed upon a foundation. Typical improvements to land include a building, house or mobile home, fences, and paving. There are five classes of property evaluated — residential, commercial, industrial and agricultural properties are assessed every two years, railroads/ utilities are assessed every year. Who collects property taxes? Property tax supports many different taxing authorities. Cities, counties, school districts, and townships are the most common. Taxing authorities may also include community college districts, agricultural extension districts, assessor offices, hospital districts and sanitation districts as well as associations for fire protection, drainage, and other public needs. How is the rate of the property tax determined? The value of property is established. This is called the assessed val
The Iowa property tax is primarily a tax on “real property,” which is mostly land, buildings, structures, and other improvements that are constructed on or in the land, attached to the land, or placed upon a foundation. Typical improvements include a building, house or mobile home, fences, and paving. The following five classes of real property are evaluated: • residential • agricultural • commercial • industrial • utilities/railroad [This class is assessed at the state level.
