Did you know that if you have purchase an home in Iowa and live in the property you are entitled to a Homestead Credit from the County you live in. This includes Harrison County, Pottawattamie County, Shelby County and all of the 99 counties in Iowa. This just takes a couple of minutes to go the the County Assessor's office and sign up. This must be done before July 1st of each year. This is a one time sign up and you will not have to do it again as long as you occupy the property.
There is also an tax credit for Veterans. You must take you DD214 along with you. Let me know if you need some help. I'm just a few "clicks" away.
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.
Description: Reduces the taxable value of property for military veterans.
Eligibility: The amount of exemption varies. Must own the property on July 1 of each claim year.
Filing Requirements: A qualified veteran must file a claim with the local assessor by July 1. Subsequent claims need not be filed on the same property.
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