Iowa law provides for a number of credits and exemptions. It is the
property owner's responsibility to apply for these as provided by law.
It is also the property owner's responsibility to report to the Assessor
when they are no longer eligible for any credit or exemption they have
applied for.
Following is a list of credits and exemptions available in Iowa.
Homestead Tax Exemption
To
qualify for the exemption, the property owner must be a resident of Iowa
(pay Iowa income tax) and occupy the property on July 1 and for at least
six months of every year. New applications for homestead tax exemption may be filed in person with the Assessor or online at: Beacon.SchneiderCorp.com on or before July 1 of the year
the exemption is first claimed. Once a person qualifies, the exemption continues until the property is sold or until the owner no longer
qualifies (refer to Code of Iowa, Chapter 425).
Military Tax Exemption
Qualification
is determined based on residency (pay Iowa income tax), type of
discharge and time served. Military veterans including Iowa National
Guard and United States Reservists may qualify. Unless already recorded
with the county, bring honorable discharge paper DD214 to be recorded.
Contact the Scott County or Davenport City Assessors’ Office for
additional information. Applications must be made with the Assessor on
or before July 1 of the year the exemption is first claimed. The
exemption remains in effect until the property owner is no longer
eligible. (Refer to Code of Iowa Chapter 426)
Family Farm Tax Credit
This
is a tax credit on agricultural tracts of land 10 acres or more that
are farmed by the owner or immediate family members (this includes
brothers/sisters, sons/daughters, grandchildren, great grandchildren,
uncles/aunts, nephews/nieces.) (refer to Code of Iowa Chapter 425A)
New applications for family
farm tax credit are to be filed with the Davenport City Assessor on or before
November 1 of the year the credit is first claimed. Once a person qualifies,
the credit continues until the property is sold or until the property no longer
qualifies (
Family Farm Tax Credit Application)
Other Exemptions and Credits
|
Credit/Exemption
|
Time Period
|
Contact For Eligibility
|
Filing Deadline
|
| Homestead Tax Exemption |
|
Assessor |
July 1 |
| Military Tax Exemption |
|
Assessor |
July 1 |
| Family Farm Tax Credit |
|
Assessor |
November 1 |
| Charitable & Non-Profit (Application Attached) |
Permanent |
Assessor |
February 1 |
| Forest Reserve (Application Attached) |
Permanent |
Assessor |
February 1 |
Fruit Tree Reservation
|
8 Years |
Assessor |
February 1 |
| Forest Cover |
Annual |
Soil Conservation Service |
February 1 |
| Open Prairie |
Annual |
Soil Conservation Service |
February 1 |
Native Prairie or
Wetlands (Application Attached) |
Annual |
DNR State Wildlife Biologist/Assessor |
February 1 |
| Wildlife Habitat |
Permanent |
DNR State Wildlife Biologist/Assessor |
February 1 |
| Impoundment Structures |
Annual |
Assessor |
February 1 |
| Pollution Control (Application Attached) |
Permanent |
Assessor |
February 1 |
| Cattle Facilities |
5 Years |
Assessor |
February 1 |
| Historic Property |
4/4 Years |
State Historical Society/Assessor |
February 1 |
| Urban Revitalization |
By Ordinance |
City/County Assessor |
February 1 |
| Industrial Partial 427B |
5 Years |
Assessor |
February 1 |
Geothermal Heating
& Cooling System (Application Attached) |
10 Years |
Assessor |
February 1 |
| Disabled Veteran (Click here to download) |
Permanent |
Local Administrator Veterans Affairs/Assessor |
July 1 |