Iowa SF2360 requires county treasurers to accept partial payments for property taxes, with leftover funds applied to future installments.

Iowa SF2360 mandates that county treasurers accept partial payments for property taxes, allowing taxpayers to make installments instead of annual or semiannual payments. Any leftover funds in a taxpayer's account after an installment will be applied to the next installment. Interest earned on these accounts will be deposited into the county's general fund to cover administrative costs. The bill also requires treasurers to notify taxpayers of the option to make partial payments. This change applies to property taxes due starting from fiscal years beginning on or after July 1, 2026.

Iowa SF2360 requires county treasurers to accept partial payments for property taxes, with leftover funds applied to future installments.

Iowa SF2360 mandates that county treasurers accept partial payments for property taxes, allowing taxpayers to make installments instead of annual or semiannual payments. Any leftover funds in a taxpayer's account after an installment will be applied to the next installment. Interest earned on these accounts will be deposited into the county's general fund to cover administrative costs. The bill also requires treasurers to notify taxpayers of the option to make partial payments. This change applies to property taxes due starting from fiscal years beginning on or after July 1, 2026.