Iowa

Iowa has an effective property tax rate of 1.43%, with a median annual property tax of $2,860. Properties are assessed at 100.0% of market value and reassessed every 2 years (odd-numbered years; equalization in even years). Payments are due semi-annual.

Effective Rate

1.43%

Assessment Ratio

100.0%

Median Annual Tax

$2,860

Payment Frequency

Semi-Annual

Appeal Deadline

By April 30 to local Board of Review (or within 5 days of adjournment of board session)

Due Dates

First half due September 1; second half due March 1

Reassessment Cycle

Every 2 years (odd-numbered years; equalization in even years)

Homestead Exception

Homestead credit reduces taxes by up to $3,250 of taxable value. Military exemption up to $2,778. 100% disabled veterans fully exempt.

Key Notes

Rollback percentages reduce the taxable value from assessed value (residential rollback ~46%). This effectively lowers the assessment ratio well below 100% despite assessed values being at market value.

Late Penalty

1.5% per month (18% annually) penalty on delinquent installments

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