Hardin County |
| Property Tax Credit & Exemptions
Iowa law provides for a number of exemptions and credits, including Homestead Credit and Military Exemption. It is the property owner’s responsibility to apply for these as provided by law. If the property you were occupying as a homestead is sold, or you cease to use the property as a homestead, you are required to report this to the Assessor in whose jurisdiction the property is located.
The following is a list of common credits offered, who is eligible to receive these credits and how to apply.
This credit was established to partially offset the school tax burden borne by agricultural real estate.
Exempts from taxation the increase in assessed value from improvements made to barns constructed prior to 1937 and one room school houses.
This credit is available for certain commercial, industrial and railroad properties.
Veterans with 100% service related disability status qualify for this credit. Veterans also qualify who have a permanent and total disability rating based on unemployability paid at the 100% disability rate.
Credit established to partially offset the school tax burden borne by agricultural real estate.
Provides an exemption for property established as a forest or fruit tree reservation.
Exemption for 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.
Property approved by the Assessor is eligible for a property tax exemption for up to four years if it meets the definition of “historic property.”
Originally adopted to encourage home ownership through tax relief.
Exemption to encourage industrial and commercial development.
Reduces the taxable value of property for military veterans.
This is an exemption for land preserved in its natural condition.
This is an exemption is for property used for religious, education or charitable purposes.
Urban Revitalization Exemption is a value-added exemption, to encourage development in urban areas.
This exemption promotes energy conservation.
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