Iowa HF600 limits property tax levy rates for local governments.

Iowa HF600 places limitations on property tax levy rates for local governments. It specifies that for fiscal years beginning on or after July 1, 2026, the maximum levy rate for each specific levy imposed by a governmental subdivision shall not exceed 102 percent of the average levy rate per $1,000 imposed by the governmental subdivision for such specific levy over the immediately preceding five fiscal years, or the levy rate limitation imposed by another provision of law, whichever is less.

Iowa HF600 limits property tax levy rates for local governments.

Iowa HF600 places limitations on property tax levy rates for local governments. It specifies that for fiscal years beginning on or after July 1, 2026, the maximum levy rate for each specific levy imposed by a governmental subdivision shall not exceed 102 percent of the average levy rate per $1,000 imposed by the governmental subdivision for such specific levy over the immediately preceding five fiscal years, or the levy rate limitation imposed by another provision of law, whichever is less.