Iowa Farm Bureau welcomes property tax cuts
Iowa Farm Bureau is pleased with property tax cuts passed at the end of the state legislative session.
President Brent Johnson says the issue really came to light when property assessments were recently issued.
“And what this bill does is it caps local tax rates, local government rates, at the top end at six percent.”
He tells Brownfield that will ensure property taxes won’t increase as much as assessment values.
“And if there are some local projects that are important, this bill does allow for the public vote in a November election to add additional assessments if that’s what is needed for their local districts.”
The $100 million property tax reform legislation was signed into law by Governor Reynolds earlier this month and Reynolds says she intends to take further action on property taxes during next year’s session.