Iowa Legislature Turns Focus To Property Taxes

(Des Moines, IA) Nearly a month into the 2023 Iowa Legislative Session, state lawmakers are turning their focus to property tax reform. The Iowa House moved a proposal through a committee this week, which sets a three-percent cap for value assessments and reduces school foundation property tax rates by 50 cents. The Iowa Senate introduced several property tax proposals this week. Some agree with the House but also cap property tax levies from cities and counties.