Modifies property assessment and taxation, changes homestead credit to exemption, establishes FirstHome Iowa program, and creates local government.

The bill modifies provisions related to the assessment and taxation of property, including changing the homestead credit to a homestead exemption. It establishes the FirstHome Iowa program, allowing citizens to invest in a public trust for future homebuyer expenses. The bill also creates a local government shared-services grant fund to assist local governments in consolidating positions and sharing services. Additionally, it changes the election process for certain county officers to an appointment process.

Modifies property assessment and taxation, changes homestead credit to exemption, establishes FirstHome Iowa program, and creates local government.

The bill modifies provisions related to the assessment and taxation of property, including changing the homestead credit to a homestead exemption. It establishes the FirstHome Iowa program, allowing citizens to invest in a public trust for future homebuyer expenses. The bill also creates a local government shared-services grant fund to assist local governments in consolidating positions and sharing services. Additionally, it changes the election process for certain county officers to an appointment process.