- The homestead credit is a property tax credit for residents of the state of Iowa who own and occupy their homestead on July 1 and for at least six months of the calendar year.
- It is a tax credit funded by the State of Iowa for qualifying homeowners and is based on the first $4,850 of actual value of the homestead.
- You can apply for this in person at the Assessor’s Office or online.
- Pre-populated Homestead Tax Credit Application Forms are available to be printed from within your parcel on our website.
- Under "Real Estate Search" enter your property address.
- If you would like to apply online, follow the link after “Submit Application: HOMESTEAD TAX CREDIT”
- If you would like to mail in your application, follow the link included in “please apply for the Homestead Tax Credit”
- This will bring up the Homestead form that needs to be printed, filled out, signed, and returned to our office.
- For questions, contact us at 319-892-5220 or via email
- This is a one-time sign up
- If you move, you need to sign up again on the new house.
- Iowa Code Chapter 425
On May 4, 2023, Governor Reynolds signed House File 718, establishing a homestead tax exemption for claimants 65 years of age or older. This new exemption is in addition to the homestead tax credit. With this new tax exemption, eligible claimants who own the home they live in and are 65 years of age or older on or before January 1 of the assessment year are now eligible for a homestead tax exemption. For the assessment year beginning on January 1, 2023, the exemption is for $3,250 of taxable value. For assessment years beginning on or after January 1, 2024, the exemption is for $6,500 of taxable value. An exemption is a reduction in the taxable value of the property rather than a direct reduction in the amount of property tax you pay.
Applications for this new tax exemption for those 65 and older are available on the Iowa Department of Revenue website or you can apply in person at the Assessor's Office. Cedar Rapids residents should apply at the Cedar Rapids City Assessor's Office. Linn County residents who live outside the city limits of Cedar Rapids should apply at the Linn County Assessor's Office.
The deadline to apply is July 1.