89th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2551: Establishing an exemption for certain property classified as agricultural based on levee and drainage district assessments

Died when the session ended · The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.

What it does

21 provides that the actual value of agricultural property shall be determined on the basis of productivity and net earning capacity of the property determined on the basis of its use for agricultural purposes capitalized at a rate of percent and applied uniformly among counties and among classes of property. Under this bill, for assessment years beginning on or after January 1, 2023, a portion of the actual value of property classified as agricultural located in a levee and drainage district that is located adjacent to both the Mississippi river and the Iowa river and consists of at least 35,000 acres shall be exempt from taxation.

Cost

Cost: up to $437,000

The new property tax exemption created in the Bill will reduce property taxes on agricultural land located within the Two Rivers Levee and Drainage District by an estimated $437,000 for FY 2025.

Senate subcommittee · named April 4, 2022

Sen. Tim Goodwin (R)
Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov
Sen. Brad Zaun (R)

Lobbying · 1 for, 2 against

For: Two Rivers Levee & Drainage District

Against: Iowa State Association of Counties; Iowa State Association of County Supervisors

In plain words

March 9, 2022Filed in the House
March 28, 2022Cost estimate (fiscal note) posted
March 30, 2022Passed the House, 93–1
March 31, 2022Arrived in the Senate
April 4, 2022Senate subcommittee named: Goodwin, Quirmbach and Zaun