Iowa SF348 exempts certain structures not anchored to a permanent foundation from property assessments.

Iowa SF348 amends the property assessment code to exempt structures not anchored to a permanent foundation except by their own weight from being assessed and taxed as real property. The bill is effective upon enactment and applies retroactively to assessment years beginning on or after January 1, 2025.

Iowa SF348 exempts certain structures not anchored to a permanent foundation from property assessments.

Iowa SF348 amends the property assessment code to exempt structures not anchored to a permanent foundation except by their own weight from being assessed and taxed as real property. The bill is effective upon enactment and applies retroactively to assessment years beginning on or after January 1, 2025.