US EditionProperty tax bill removing rollback system passes House, Senate subcommittees
- Iowa House and Senate lawmakers advanced House Study Bill 313 and Senate Study Bill 1208 on Wednesday, identical bills aiming to overhaul the state's property tax system, the most comprehensive reform since the 1970s.
- Iowa Republicans have prioritized property tax relief, as rising property tax costs were a top concern for voters during the November 2024 election campaigns, prompting the proposed legislation introduced by Rep. Bobby Kaufmann and Sen. Dan Dawson.
- Key changes include a 2% property tax levy growth cap excluding new construction, phasing out the 'rollback' system that limits taxable property valuation growth, expanding property tax credits, and shifting $426 million in school funding from property taxes to the state general fund, phased in over five years.
- Rep. Larry McBurney and Des Moines city manager Scott Sanders, among other stakeholders, expressed concerns about the 2% growth cap's potential impact on cities' abilities to keep up with inflation and maintain public safety, with Sanders stating the 2% cap "will not reconcile" with public safety costs that grow 4% each year in Des Moines.
- Despite bipartisan support and lawmakers' commitment to further conversations, the bill, which is not yet on the agenda for the House Committee on Ways and Means, remains a work in progress as legislators assess its full impact and solicit feedback for potential amendments, with Dawson stating that "either we do something in this or we do nothing at all and stay in the current system, which isnt fair to the taxpayers.
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Property tax bill removing rollback system passes House, Senate subcommittees
Promising that movement will continue to be slow, panels in both the Iowa House and Senate moved forward Wednesday with the major property tax proposal set forward by legislative Republicans. Subcommittees for House Study Bill 313 and Senate Study Bill…
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