Iowa HSB304 modifies property tax calculations and sets applicability provisions.
Iowa HSB304 modifies property tax calculations by defining "property taxes" as annual ad valorem taxes imposed on a parcel, excluding special assessments and certain taxes funded by state appropriation. The bill introduces a "qualified parcel" definition, excluding parcels in urban renewal or revitalization areas, wind energy conversion properties, and those with specific conditions like ownership change, new construction, or partial assessment.
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