Establishing a partial exemption on property taxes for certain residential properties sold in disaster areas

Where it is now

1. ✓
   Done: IntroducedFebruary 24, 2025
2. ✓
   Done: SubcommitteeMarch 18, 2025
3. ✓
   Done: House committeeApril 9, 2025
4. ✓
   Done: Passes the HouseMay 8, 202579–5
5. Next: Senate committeeFunnel: by March 20, 2026
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 1013 → Its progress continues under the new number. Go to HF 1013 What’s a funnel?

What’s in it

A residential property sold by the United States department of housing and urban development (HUD) to an owner who is receiving the homestead tax credit on the residential property shall be partially exempt from taxation if the sale was to provide housing to individuals following a major disaster or disaster emergency and the residential property was located in the major disaster or disaster emergency area. The exemption is for a four-year period beginning with the first full assessment year after the sale. This bill provides an percent exemption on the actual value in the first assessment year, a percent in the second year, a percent in the third year, a percent in the fourth year, and the exemption expires in the fifth year.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

House subcommittee

Named March 18, 2025. On March 25, 2025 it recommended passage.

• Rep. Megan Jones REmail
• Rep. Brent Siegrist REmail
• Rep. Aime Wichtendahl DEmail

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

Fiscal note

The number of homeowners that may be eligible for this exemption is unknown. The estimated impact of a single-family home in Iowa is shown in Figure 1. This represents a savings to homeowners and a proportional decrease in revenues for local governments. An average home in Iowa that qualifies for this program would receive an average total benefit of $6,532 over four years.

• Flood Relief Replacement Housing, Property Taxes · April 17, 2025

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Iowa Code it changes

Amends§427.1

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.

Similar bills

• HF 2341 Establishing a partial exemption on property taxes for certain residential properties sold…
  91st General Assembly · In committee
  Nearly identical
• HSB 271 Establishing a partial exemption on property taxes for certain residential properties sold…
  91st General Assembly · Subcommittee recommends passage
  Nearly identical

Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.