Iowa Republican leaders announced yesterday (Monday) they had reached an agreement on property tax reform. In a joint statement, Governor Kim Reynolds, Senate Majority Leader Jack Whitver, and House Speaker Pat Grassley said, “We’ve heard Iowans across the state voice their concern about out-of-control property taxes and the impact on family budgets. Today, we’ve come to an agreement on a path forward. This deal provides much-needed property tax relief for Iowans and lays the groundwork for even bolder reform in the future.” The proposed bill will provide an estimated $100 million in relief to Iowa taxpayers and limits the year-to-year growth of municipal governments. In addition to the broad property tax reform, the legislation provides additional relief to older Iowans and military families through tax credits and exemptions. The Senate could debate the bill yet today (Tuesday), and it will likely move quickly to the governor’s desk. The trio of Iowa’s top officials stressed this deal provides much-needed property tax relief for Iowans and lays the groundwork for additional cuts in the future. A link to the bill’s full text is included below.
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