Property Tax Impact 2010

7/29/2019 Property Tax Impact 2010

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2010 Iowa Tax Expenditure Study

Title Tax Type Expenditure Category Expenditure Type

Iowa Code

Citation

IowaAdministrative

Code Citation Description

Residential Land Valuation Rollback Property Consumer Benefit Partial exemptionIowa Code 2009441.21(4) &441.21(5)

IAC (2010) 701-71.11

Iowa law provideproperty valuatiowith a base of thproperty and 19rolled back to acmultiplied by theproperty. Increaproperty is limiteproperty. There therefore this es45.5893% rollba

Religious, Literary, and CharitableSocieties' Property

Property Charitable Organization Support ExemptionIowa Code 2009427.1(8)

NoneProperty used foexempt from pro

Urban Revitalization Property Community Development Support Partial exemptionIowa Code 2009404

IAC (2010) 701-80.8

Cities or countieencourage deveproperty tax portlocated in the urimprovements mpercent and the Generally, the exshorter periods a

Agricultural Land Valuation Rollback Property Agriculture Support Partial exemptionIowa Code 2009441.21(4) &441.21(5)

IAC (2010) 701-71.11

Iowa law provideproperty valuatiowith a base of thproperty and 19rolled back to acmultiplied by theproperty. Increa

property is limiteproperty. There therefore this es93.8568% rollba

Pollution Control and Recycling Property Property Business Incentive Partial exemptionIowa Code 2009427.1(19)

IAC (2010) 701-80.3

Certain pollutiontax, limited to thecertified as eligib

Low-Rent Housing for the Elderly andPersons with Disabilities

Property Charitable Organization Support Partial exemptionIowa Code 2009427.1(21)

IAC (2010) 701-80.4

Property owned rent housing for disabilities is exethe original low-rbeen paid in full age, and person

unable to engag

Forest and Fruit-Tree Reservations Property Natural Resources Support Partial exemptionIowa Code 2009427C

IAC (2010) 701-80.9

Property establisproperty tax. Fo200 trees per acacres and have The reserve musDepartment of N

Industrial Property, Research-ServiceFacilities, Warehouses, DistributionCenters

Property Business Incentive Partial exemptionIowa Code 2009427B.1

IAC (2010) 701-80.6

A city council or granting partial eindustrial real esestate, researchThe exemption lfive to fifteen ove

New Jobs and Income Program (NJIP)Local Property Tax Exemption

Property Business Incentive Partial exemptionIowa Code 200915.332

IAC (2010) 261-58.4(2)

A city, county, or

added by properlocation or expaexemption may bimprovements aall taxing districts

Enterprise Zone Program and HighQuality Jobs Local Property TaxExemption

Property Business Incentive Partial exemptionIowa Code 200915E.191 through15E.197

IAC (2010) 261-59

Cities and countor a part of the vbusinesses locatzones. The Ecoof the zones andbenefits.


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Iowa Code

Citation

IowaAdministrative


Libraries and Art Galleries Property Charitable Organization Support ExemptionIowa Code 2009427.1(7)

IAC (2010) 701-80.27

The grounds andprivate libraries aexempt from pro

War Veterans' Associations Property Military/Veterans' Support ExemptionIowa Code 2009427.1(5)

NoneProperty of any ois exempt from porganization and

Homes for Soldiers Property Military/Veterans' Support ExemptionIowa Code 2009427.1(10)

NoneThe buildings anorganizations of non-profit home

Wildlife Areas or Natural Conservation Property Natural Resources Support Partial exemptionIowa Code 2009427.1(22)

None

Wildlife areas antax. Such areas and open prairiebe eligible for the

gain and must cowildlife habitat.

Racetracks Property Business Incentive ExemptionIowa Code 200999D.14

NoneReal property usthat is owned byexempt from pro

Dwelling Unit Property Owned byCommunity Housing DevelopmentOrganization

Property Charitable Organization Support ExemptionIowa Code 2009427.1(21a)

IAC (2010) 701-80.19

Dwelling unit prodevelopment orgunits must be locwhich has a publow-rent housingorganization muexemption does

Native Prairie and Wetlands Property Natural Resources Support Partial exemptionIowa Code 2009427.1(23)

NoneNative prairie anexempt, such pr

certified by the Io

Wildlife Habitat Property Natural Resources Support Partial exemptionIowa Code 2009427.1(24)

NoneLand used to proexempt, such prcertified by the Io

Speculative Shell Buildings Property Business Incentive Partial exemptionIowa Code 2009427.1(27)

IAC (2010) 701-80.5

A city council or granting propertconstruction, recowned by commfor-profit organiz

Impoundment Structures Property Business Incentive ExemptionIowa Code 2009427.1(20)

None

Impoundment stincorporated citystructures must commissioners a

Methane Gas Conversion Property Property Business Incentive Partial exemptionIowa Code 2009

427.1(29)

IAC (2010) 701-

80.12

Property used toproduct of wasteexempt from propersonal propertmachinery, equi

Historic Property Rehabilitation Property Business Incentive Partial exemptionIowa Code 2009427.16

IAC (2010) 223-47

Property that hashistoric property rehabilitation for preserve or to mestablished stanfor the first four yfor the fifth year adjustment in vayear and seventthe valuation is b

Mobile Home Park Storm Shel ter Property Consumer Benefit Partial exemption Iowa Code 2009427.1(30) IAC (2010) 701-80.14

Storm shelters foparks are exemp

as a storm shelteexempt from taxcommercial prop

Barn Preservation Property Agriculture Support Partial exemptionIowa Code 2009427.1(31)

IAC (2010) 701-80.15

The increase in constructed prioa barn continuesproducts or feed

Agricultural Produce Property Agriculture Support ExemptionIowa Code 2009427.1(11)

None

Land used to groexception of comproperty tax. Elitrees, bedding p


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Iowa Code

Citation

IowaAdministrative


Annexation of Property by a City Property Business Incentive Partial exemptionIowa Code 2009368.11(3)"m"

IAC (2010) 701-80.21

City councils maareas and phaseCode provides aareas from 75 pannexation. Thein the ninth and tthereafter. A city

Armory or Military Property Property Military/Veterans' Support ExemptionIowa Code 200929A.60

NoneAll personal andpurposes is exem

Car Wash Equipment Property Business Incentive ExemptionIowa Code 2009427A.1(6)

IAC (2010) 701-80.25

Car wash equipmincludes that usevehicles and poiservices.

Cattle Facilities Property Agriculture Support Partial exemptionIowa Code 2009427B.7

IAC (2010) 701-80.6

A city council or granting partial eoperated cattle fincluding slaughretrofitting for exdeclining in percpartial exemptio

Cemetery Associations Property Charitable Organization Support ExemptionIowa Code 2009427.1(6)

NoneBurial grounds, moperated by cemof human remai

Computers and Industrial Machinery andEquipment Special Valuation

Property Business Incentive ExemptionIowa Code 2009427B.17

IAC (2010) 701-80.7

All computers, mestate acquired

Concrete Batch Plants and Hot MixAsphalt Facilities

Property Business Incentive ExemptionIowa Code 2009427A.1(c)

IAC (2010) 701-80.23

Machinery, equipat a mixing facilit

Disabled Veterans Homestead Tax

CreditProperty Military/Veterans' Support Credit

Iowa Code 2009425.15

IAC (2010) 701-80.1(3)

Any disabled vethomestead propprovides supporincome does notamount of prope

Disaster Revitalization Area Property Business Incentive Partial exemptionIowa Code 2009404B

IAC (2010) 701-80.28

Cities or countiewhich the Iowa gdisaster area. Arevitalization areThe tax exemptigreater than 100exemption can taanother exempti

Federal and State Property Property State and Local Government ExemptionIowa Code 2009

427.1(1)None

Property of the Sfederal property property tax.

Fire Company Property Property State and Local Government ExemptionIowa Code 2009427.1(4)

NonePublicly-owned fproperty includeengines and firef

Forest and Fruit-Tree Reservation Property Natural Resources Support Partial exemptionIowa Code 2009427C.1 and441.22

IAC (2010) 571-73.1

Trees planted foare exempt fromthe land.

Government Lands Property State and Local Government ExemptionIowa Code 2009427.1(12)

NoneGovernment proState of Iowa is

Indian Housing Authority Property Property Charitable Organization Support ExemptionIowa Code 2009427.1(33)

IAC (2010) 701-80.17

Property owned property tax. Ansupervisors or th

Inventories Property Administrative ExemptionIowa Code 2009427A.1(5)

NoneProperty that is oinventory for saleinventory exemp

Municipal and Military Property Property State and Local Government ExemptionIowa Code 2009427.1(2)

None

Government muSuch property incorporations, levalso applies to pmuseums, sport

Nursing Facilities Property Charitable Organization Support ExemptionIowa Code 2009427.1(14a)

IAC (2010) 701-80.20

The property of tax under sectiofrom property ta

One-Room Schoolhouse Preservation Property Charitable Organization Support Partial exemptionIowa Code 2009427.1(32)

IAC (2010) 701-80.15

The increase in school houses ishouse continuesand is preserved


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Iowa Code

Citation

IowaAdministrative


Personal Property Property Consumer Benefit ExemptionIowa Code 2009427A.2

None Personal proper

Port Authority Property Community Development Support ExemptionIowa Code 2009427.1(34)

IAC (2010) 701-80.22

Iowa Code provifoster transportapurposes. The pand not held for

Public Airport Property Property Business Incentive ExemptionIowa Code 2009427.1(13)

IAC (2010) 701-80.24

Public airports a

Public Grounds and Cemeteries Property State and Local Government ExemptionIowa Code 2009427.1(3)

NonePublic grounds iexempt from proderived from the

Public Television Station Property State and Local Government ExemptionIowa Code 2009427.1(26)

NoneAll public televisused for profit ar

Rural Water Distribution Property Charitable Organization Support ExemptionIowa Code 2009427.1(17) None

Real property ofof water to rural

Solar Energy Systems Property Consumer Benefit Partial exemptionIowa Code 2009441.21(8)(b)

NoneConstruction or residential, commtaxable value of

Underground Storage Tanks Property Natural Resources Support CreditIowa Code 2009427B.20 through427B.22

IAC (2010) 701-80.10

A city council or property tax credstorage cleanuptaxes otherwise

Web Search Portal and BusinessProperty

Property Business Incentive ExemptionIowa Code 2009427.1(35) and427.1(36)

IAC (2010) 701-80.26

Property that is uproperty tax. Sucinfrastructure, anoperation of the

Wind Energy Conversion Property Property Business Incentive Partial exemptionIowa Code 2009427B.26

IAC (2010) 701-80.13

A city council or valuation of wind

applies to the neThe special valu25, for the seconyear. Public utiliexemption is in ldefined to includ

Homestead Tax Credit Property Consumer Benefit CreditIowa Code 2009425

IAC (2010) 701-80.1

Provides propertas a homesteadincome tax purpyear are eligible to the actual tax military or nursin

Agricultural Land Tax Credit Property Agriculture Support Credit Iowa Code 2009426

IAC (2010) 701-80.16

The Agricultural school tax burdecredit for any geassessed value.tracts of 10 acre

Property Tax Credit & RentReimbursement for Elderly and Disabled

Property Consumer Benefit CreditIowa Code 2009425.16 through425.40

IAC (2010) 701-73

This credit, whicproperty tax relierenters. The amrent constituting

Family Farm Tax Credit Property Agriculture Support CreditIowa Code 2009425A

IAC (2010) 701-80.11

The Family Farmby agricultural reschool fund tax iowner or other s

actively engagedagricultural or ho

Military Service Property Military/Veterans' Support Partial exemption Iowa Code 2009426A

IAC (2010) 701-80.2

For World War Iveterans is exem

the veteran, spoof which the perIowa. The exemas real estate.

Mobile Home Low-Income Credit Property Consumer Benefit CreditIowa Code 2009435.22(1)

IAC (2010) 701-74.4

Enacted as a suReimbursementmobile, manufacaid. To be eligiband meet annua


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Iowa Code

Citation

IowaAdministrative


Agricultural Land Valuation Property Agriculture Support Partial exemptionIowa Code 2009441.21(1)(e)

IAC (2010) 701-71.3

Rather than marexclusively on comethods for deteuniformly amonguse of data fromReporting Servicreliable sources

Property Tax Impact 2010

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