Q: When are property taxes due in Story County for the current fiscal year?
A: Property taxes are due in two installments: first half by September 30, 2025, and second half by March 31, 2026. Late payments incur interest charges beginning October 1st for the first installment.
Q: What tax credits are available and do I need to apply?
A: The primary credit is the Homestead Tax Credit for owner-occupied properties. This credit requires annual application and is NOT automatic. You must own and occupy the property as your primary residence on July 1st and declare Iowa residency for income tax purposes.
Q: How does the Homestead Credit work?
A: The Homestead Credit limits annual assessment increases rather than reducing market value. It caps assessment growth and provides tax relief, but you must file an application with the Story County Assessor each year to maintain eligibility.
Q: Is there a Military Tax Exemption available?
A: Yes, Story County offers military tax exemptions for qualifying veterans and service members. Applications are required and must be filed with the county assessor by July 1st.
Q: How often are properties reassessed in Story County?
A: Iowa law requires properties to be assessed annually, with physical inspections typically conducted every 4-6 years. Assessment notices are mailed in early spring.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Story County Board of Review by May 1st following the assessment notice. You can appeal based on valuation errors, unequal treatment, or assessment methodology.
Q: What are the penalties for late payment?
A: Late payments incur interest charges at rates set by state law, typically around 1.5% per month. Properties with delinquent taxes may eventually face tax sale proceedings.
Q: Can I pay my property taxes online?
A: Yes, Story County offers online payment options through their treasurer's website. Credit card payments may incur additional processing fees.
Q: Why do tax rates vary within Story County?
A: Different areas are served by different school districts, municipalities, and special taxing districts (drainage, emergency services), creating varying total effective tax rates across the county.
Q: What triggers a supplemental tax assessment?
A: New construction, property transfers, major improvements, or subdivision of property can trigger supplemental assessments. These are prorated based on when the change occurred during the tax year.
