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Iowa Business Property Tax Credit.

Posted by Jeff Edberg on November 30, 2013
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I just received this notice from the Iowa City / Johnson County Assessor’s office regarding a tax rebate for commercial property in the county.  There is a quick deadline, January 15, 2014 for filing, so do not delay.  Please let me know if you need the forms, or use the links in the notice.  Good luck!

See the full reprint below:

Iowa Business Property Tax Credit

A new Iowa Business Property Tax Credit is available to certain commercial, industrial and railroad property.  One credit is available for each qualified property unit.  A property unit consists of a single parcel or contiguous parcels of the same classification that are owned by the same person and operated by that person for a common use and purpose.  Applications for credit against 2013 property tax assessments must be received by the county or city assessor by January 15, 2014.  The Legislative Services Agency has estimated that the first year credit amount could be as much as $523.

Properties that are not eligible for the credit include:

  • Agricultural property
  • Residential property
  • Property that is rented or leased under Section 42 (low income) housing
  • Hotels, motels, and inns in which rooms are rented for more than 30 days at a time
  • Mobile home parks
  • Manufactured home communities
  • Land leased communities
  • Assisted living facilities
  • Nursing homes
  • Property that is primarily used or intended for human habitation

Applications are attached and also available here: Business Property Tax Credit Application

The county assessor has applications available within the property search: County Assessor Property and Tax Information.

The Iowa Department of Revenue has a question and answer section, as well as applications at this link:

Please contact your assessor if you have any questions.


Iowa City Assessor’s Office                           Johnson County Assessor’s Office

319-356-6066                                                  319-356-6078

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