Bills › 89th General Assembly
Providing a property assessment adjustment for certain property of persons who have attained the age of sixty-five, providing a penalty, and including retroactive and other applicability provisions
Where it is now
- Done: IntroducedJanuary 11, 2021
- Done: SubcommitteeJanuary 12, 2021
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
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’s a funnel?
What’s in it
AI summary Older homeowners with properties valued at less than $150,000 can keep their property's assessed value the same as the previous year to help with taxes. People who lie or try to get this benefit in more than one county can face criminal penalties. This change applies to certain assessment years and claims filed starting in 2022.1
Read the official explanation
This bill provides for an adjustment in the assessed value of a homestead, as defined in the bill, if the owner is a person who is or older. The bill also limits the adjustment in assessed value to homesteads that have certain assessed valuations of less than $150,000. If those qualifications are met, the assessed value of the homestead upon which property taxes are levied in a fiscal year is the same assessed value as for the previous fiscal year. The bill specifies that assessed value is the actual value prior to any rollback being applied. The bill provides that a person who makes a false affidavit for the purpose of obtaining an adjustment, knowingly receives the adjustment without being legally entitled to it, or makes claim for the adjustment in more than one county without being legally entitled to it is guilty of a fraudulent practice and is subject to a criminal penalty. The bill applies retroactively to January 1, 2021, for assessment years beginning on or after that date and applies to claims filed on or after January 1, 2022, for the adjustments.
Senate subcommittee
Named January 12, 2021. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Creates§425B.1§425B.10§425B.11§425B.2§425B.3§425B.4§425B.5§425B.6§425B.7§425B.8§425B.9
Lobbying
2 for · 3 against · 8 undecided · Who →
Family tree
89th General Assembly
Earlier and later bills are matched by wording or an identical title.
Tried before
This idea has been filed in an earlier General Assembly. None got through a chamber.
- SF 38 Providing a property assessment adjustment for certain property of persons who have attain…88th General Assembly · In committee · same titleCleared committee
- HF 234 Providing a property assessment adjustment for certain property of persons who have attain…88th General Assembly · In committee · very similarCleared committee
- SF 2083 Providing a property assessment adjustment and a property tax adjustment for certain prope…88th General Assembly · In committee · similarCleared committee
- HF 2611 Providing a property assessment adjustment for certain persons, applying income and age li…88th General Assembly · In committee · similarCleared committee
Similar bills this General Assembly
- HF 82 Providing a property assessment adjustment for certain property of persons who have attain…89th General Assembly · In committeeVery similar
Matched by wording or an identical title.