Property Taxes

Manufacturing machinery and equipment, as well as computers used to process data by insurance companies and financial institutions, are exempt from property tax.

Personal property is not assessed for tax purposes. In Iowa, personal property includes corporate inventories of salable goods, raw materials, and goods in process.

Local Tax Abatement

Iowa law allows cities and counties to abate local property taxes for value added to industrial real estate. The maximum amount of assessed value added at a new or expanded facility which is eligible to be exempt from taxation is: