Credits and Exemptions
Following is a list of several credits and exemptions available in Iowa. Many of these forms must be completed in the Assessor's Office. To download their application forms, please visit the Iowa Department of Revenue website.
To qualify for the credit, the property owner must be a resident of Iowa and occupy the property on July 1 and for at least six months of every year. New applications for homestead tax credit are to be filed with the Assessor on or before July 1 of the year the credit is first claimed. Once a person qualifies, the credit continues until the property is sold or until the owner no longer qualifies. This credit reduces the value on which taxes are calculated by a maximum of $4,850.Download: Application Form
Iowa Code: Chapter 425
Qualification is determined based on residency, type of discharge and time served. Military veterans including Iowa National Guard and United States Reservists may qualify. Contact the County Assessors' Office for additional information. Applications must be made with the Assessor on or before July 1 of the year the exemption is first claimed. The exemption remains in effect until the property owner is no longer eligible.Download: Application Form
Iowa Code: Chapter 426
This is a tax credit on agricultural tracts of land 10 acres or more that are farmed by the owner or immediate family members (this includes brothers/sisters, sons/daughters, grandchildren, great-grandchildren, uncles/aunts, nephews/nieces.) This credit needs to be filed by November 1st at the Assessor's office. It only needs to be filed once unless the ownership or the person actively engaged in farming changes.Download: Application Form
Iowa Code: Chapter 425A
Qualification is determined by classification. The property must be classified for tax purposes as Commercial, Industrial, or Railroad to qualify and not be assessed as Section 42 housing, a mobile home park, a manufactured home community, a leased land community, an assisted living facility, or primarily used or intended for use for human habitation (containing 3 or more dwelling units). Applications are to be filed with the Assessor on or before March 15th for the previous year in which the credit is first claimed. Once a property qualifies, the credit continues until the property is sold or until the use no longer qualifies.Download: Application Form
Iowa Code: Chapter 426C
Exemption is based on the actual value added to owner-operated cattle facilities, including small or medium-sized feedlots, either by new construction or by the retrofitting of existing facilities.Download: Application Form
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.Download: Application Form
Property must be an industrial warehouse, distribution center or research facility to qualify.
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.Download: Application Form
The application for pollution control or recycling property shall be accompanied by a certificate from the environmental protection division of the Iowa DNR.Download: Application Form
Qualifying structures located in a Urban Revitalization District will receive an exemption based upon the schedule set up by each city council.
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.Download: Application Form