Property tax assessments hit the mailboxes and the news this month and given such extraordinary (10 – 20 percent) increases, many people are fearful about what this will mean for their property tax bill. And rightfully so. Property taxes often
HF 773 Talking Points Property Tax Transparency Trigger What the bill does: Starting in budget year 2021, if a city or county wishes to increase property tax revenue by more than two percent above the prior year, some extra
Without some curbs, property taxes can become unaffordable.
Next September’s property tax bills will shock many central Iowa residents and businesses. A closer look at tax statements will show that even though the property tax rate may not have changed, the tax bill may be considerably higher. The
Recent changes in federal tax law will impact cities. Housing experts predicts the tax overhaul will spur home values and property tax revenues to drop. Cities may be forced to find new ways to raise money or cut spending.