House Delivers Property Tax Relief and Certainty, Sends Compromise Bill to Governor
On Tuesday, May 2nd, Iowa House Republicans passed House File 718, delivering roughly $100 million in property tax relief for Iowans and increasing transparency.
This bill curbs the budget growth of local governments without discouraging economic development. It also provides direct, immediate relief for seniors and military veterans by creating new exemptions totaling $50 million and $7 million in relief, respectively. The bill also increases transparency by requiring tax bills to look more like an itemized receipt, showing where your money is going.
Representative Bobby Kaufmann (R-Wilton) led the bill through the Iowa House.
"For Iowa veterans who pay property taxes, this bill is a big deal," said Kaufmann in his closing comments. "For Iowans over 65 who pay property taxes, this bill is a big deal. For all Iowans who pay property taxes, the transparency and certainty that this bill provides is a big deal.
For all Iowans who made their voices heard, we listened, and relief is on the way."
The bill passed the Iowa House with a bipartisan vote of 94-1 and now heads to the Governor's desk.