Iowa Homestead Tax Credit

July 1st is quickly approaching as well as the deadline to file for your homestead tax credit if you have purchased a home. Click here to find the form to be completed and filed with the assessors office: Homestead Tax Credit

Description: Originally adopted to encourage home ownership through property tax relief. The current credit is equal to the actual tax levy on the first $4,850 of actual value.

Eligibility: Must own and occupy the property as a homestead on July 1 of each year, declare residency in Iowa for income tax purposes and occupy the property for at least six months each year. Persons in the military or nursing homes who do not occupy the home are also eligible.

Filing Requirements: Claim must be filed on or before July 1. Claim is allowed for successive years without further filing as long as eligible.





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