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IA HF2577
Bill
Status
2/18/2026
Primary Sponsor
Cindy Golding
Click for details
AI Summary
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Caps annual property value increases for residential, commercial, and industrial properties at 100% of the prior year's value from January 1, 2027 through January 1, 2030, with exceptions for ownership changes, boundary changes, reclassifications, or new construction exceeding 5% of property value.
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Beginning January 1, 2030, limits property value increases to an annual inflation factor (100-103%) based on the Midwest region Consumer Price Index, with the same exceptions for ownership changes and significant improvements.
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Exceptions to the valuation caps apply when property was not previously assessed, ownership transfers, boundaries change, classification changes, or construction/improvements exceed 5% of actual value.
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The Iowa Department of Management must calculate the annual inflation factor using the 12-month CPI-U for the Midwest region, rounded to the nearest tenth of a percent.
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Provisions include retroactive applicability and modify existing Code Section 441.21 regarding property assessment methodology.
Legislative Description
A bill for an act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions.
Last Action
Introduced, referred to Ways and Means. H.J. 330.
2/18/2026