Assessor's Office

Credits and Exemptions

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Credits & Exemptions

*Annual Filing Required

 Requirements

 Filing Date

 Code Section

Barn Preservation The barn must have been constructed prior to 1937 and be used for the storage of farm products or feed or for the housing of farm animals or farm equipment. The exemption is only for value added due to improvements or remodeling.Feb. 1

 427.1(31)

Business Property Tax CreditProperty unit, as defined in Iowa Code section 426C.1, is classified and taxed as commercial, industrial, or railway property under chapter 434 and is not section 42 housing, a mobile home park, manufactured home community, land-leased community, or assisted living facility as defined in section 441.21 (13) or property primarily used or intended for human habitation containing three or more seperate dwelling units and not eligible for the credit.July 1

426C.3

 Disabled Veterans Homestead Credit

 Acquired property under the provision of United States Code 38 U.S. C §21.801, §21.802 or 38 or are a veteran as defined in Iowa Code Section 35.1 with a service-connected disability rating of 100% or a former member of the National Guard of any state who otherwise meets the service requirements of Iowa Code section 35.1 subsection 2, paragraph "b", subsection (2) or (7), with a service-connected disability rating of 100%, or a surviving spouse or child who is receiving dependency and indemnity compensation pursuant to 38 U. S. C §1301 et seg. July 1 425.15
 Exempt Property - Religious, Literary, and Charitable Societies All grounds and buildings used by literary, charitable, benevolent, and religious institutions and societies that are used solely for their appropriate purpose. Property may not be leased or otherwise used with a view to profit. Feb. 1 427.1 (14)
 Family Farm Tax CreditThe credit is for tracts of land that are more than 10 acres and are assessed as agricultural property. The land must be farmed by the owner or a qualifying individual. Nov. 1 425A.4
 Forest Reservation Two hundred trees per acre with a two acre minimum. No economic gain is allowed on qualified acres. Feb. 1 427C.3
 Fruit Tree Reservation Must be at least 1 acre nor more than ten acres with 40 apple trees or 70 other fruit trees per acre. Feb. 1 427C.3
Geothermal Heating & Cooling System Property Tax ExemptionExemption applies to value added by any new or refitted construction or installation of a geothermal heating or cooling system, on or after July 1, 2012 on property classified as residential.Feb. 1427.1(38)
 Homestead Credit Must be a resident of Iowa and dwelling must be the principal residence of the property owner. July 1 425.2
 Impoundment Structures* The impoundment must contain at least 18 acre-feet of water, be outside of a city limits and be used for agricultural purposes to qualify for exemption. Feb. 1 427.1(20)

 Industrial Property

 Property must be an industrial warehouse, distribution center or research facility to qualify. Feb. 1 427B.4
 Military Exemption Must have served active duty (other than training) during a qualifying period and be a resident of Iowa. July 1 426A.13
 Mobile Home Park Storm Shelter Only for storm shelter buildings in mobile home parks.  Feb. 1 427.1(30)
 Native Prairie and Wetlands* The first annual application shall be accompanied by a certificate from the department of natural resources stating that the land is native prairie or protected wetland. Feb. 1 427.1(23)
 One-Room School House The increase in assessed value added to a one-room schoolhouse as a result of improvements made to the structure for purposes of preserving the integrity of the internal and external features of the structure as a one-room schoolhouse is exempt from taxation.   Feb. 1 427.1(32)
 Pollution Control and Recycling The application for pollution control or recycling property shall be accompanied by a certificate from the environmental protection division of the Iowa DNR.

 Feb. 1 427.1(19)
 Urban Revitalization Qualifying structures located in a Urban Revitalization District will receive an exemption based upon the schedule set up by each city council.  Feb. 1 404.4
 Wildlife Habitat Agricultural landowners may designate not more than two acres of the land for use as a wildlife habitat. The Iowa DNR shall certify the designated land as a wildlife habitat. Feb. 1 427.1(24)