Q: When are property taxes due in Iowa County for FY 2025-2026?
A: Property taxes are due semi-annually. The first half is due September 1st and becomes delinquent October 1st. The second half is due March 1st of the following year and becomes delinquent April 1st.
Q: What is the homestead tax credit and how do I apply?
A: The homestead tax credit reduces your taxable value if you own and occupy your home as your primary residence. You must be an Iowa resident, file Iowa income taxes, and cannot have homestead credit on another Iowa property. Apply once with the Iowa County Assessor - the credit continues while you remain eligible. Applications received after July 1st apply to the next assessment year.
Q: Is there an additional exemption for seniors?
A: Yes, homeowners 65 or older may qualify for a homestead tax exemption in addition to the homestead tax credit. For 2023, this exempts $3,250 of taxable value, increasing to $5,000 for 2024 and beyond. You must apply separately for this exemption.
Q: How does the homestead tax credit limit assessment increases?
A: The homestead tax credit doesn't reduce your home's market value but provides a dollar credit against your tax bill. Additionally, Iowa law limits assessment increases on homestead properties, helping protect against dramatic tax increases due to rising property values.
Q: Can I pay my property taxes online?
A: Yes, Iowa County offers online payment options. You can pay with an eCheck for $0.25 or use a debit/credit card for 2.25% of the payment amount.
Q: What happens if I pay my property taxes late?
A: Property taxes become delinquent on October 1st (first half) and April 1st (second half). Delinquent taxes accrue interest and penalties, and the county may eventually sell tax liens or initiate foreclosure proceedings for severely delinquent accounts.
Q: How often are properties reassessed in Iowa County?
A: Iowa law requires properties to be assessed annually as of January 1st. However, the assessor may not physically inspect every property each year unless there have been significant changes or improvements.
Q: How do I appeal my property assessment?
A: If you disagree with your assessment, you can appeal to the Iowa County Board of Review. Appeals typically must be filed by May 1st following the assessment. Contact the Iowa County Assessor's office for specific appeal procedures and deadlines.
Q: Why do property tax rates vary within Iowa County?
A: Different areas of the county are served by different combinations of school districts, cities, community college districts, and special districts (like hospital or drainage districts). Each jurisdiction sets its own levy rate, so your total rate depends on which taxing authorities serve your specific property location.
Q: Do I need to reapply for tax credits each year?
A: Most tax credits, including the homestead credit, continue automatically once approved as long as you remain eligible. However, you must notify the assessor if your eligibility changes (such as no longer using the property as your primary residence).
