taxbreak
ValueWalk
Some Iowans will get a new tax break going forward that was signed into law earlier this month. The Iowa new property tax break is aimed at seniors and veterans, who now have about six weeks left to apply for the exemption. Iowa’s New Property Tax Break: Who Will Get It?The bill establishes a homestead tax exemption for residents 65 years or older. It must be noted that the exemption is in addition to the homestead tax credit. However, unlike the current credit, the state won’t reimburse the cost of the exemption to local governments. Those 65 years or older (on or before January 1 of the asse...
ValueWalk
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