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City of Altoona pauses residential tax abatement program

Summary by Business Record
The city of Altoona joins Pleasant Hill as recent municipalities to pause tax abatement programs due to a new state law that limits how new construction values are added to tax digests.  Iowa Gov. Kim Reynolds signed Senate File 2472 into law in May, which will implement a 2% cap on property tax revenue growth…
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Business Record broke the news on Thursday, July 23, 2026.
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