Creates a recreational class of real property for golf courses in Iowa, assessing them at 75% of their actual value.

This bill creates a new recreational class of real property specifically for golf courses operated as commercial enterprises in Iowa. It mandates that these courses be assessed at 75% of their actual value for property tax purposes, beginning with the assessment year starting January 1, 2026. The bill amends existing sections of the Code to include this new class and specifies that recreational property is subject to reassessment and equalization percentages.

Creates a recreational class of real property for golf courses in Iowa, assessing them at 75% of their actual value.

This bill creates a new recreational class of real property specifically for golf courses operated as commercial enterprises in Iowa. It mandates that these courses be assessed at 75% of their actual value for property tax purposes, beginning with the assessment year starting January 1, 2026. The bill amends existing sections of the Code to include this new class and specifies that recreational property is subject to reassessment and equalization percentages.