New Homestead Tax Credit and Exemption for Homeowners 65 and Older

Dallas County, Iowa sent this bulletin at 05/19/2023 11:27 AM CDT

Homestead Tax Credit and Exemption for Homeowners 65 and Older

Dallas County Assessor Steve Helm announced Governor Reynolds passed House File 718 establishing a homestead tax exemption for claimants 65 years of age or older.  Key points regarding this new exemption:

  1. Applicants must be signed up by July 1st.
  2. Applicants must be 65 by January 1, 2023.
  3. The exemption will reduce the taxable value by $3,250. This does not mean the credit will save the taxpayer $3,250.
  4. Even if you are already receiving the Homestead Credit, you have to reapply by July 1st to get this new exemption for 65 and over.
  5. One exemption is allowed per household.

For more information and to complete the form visit IDR Announces: Homestead Tax Exemption for Claimants 65 Years of Age or Older | Iowa Department Of Revenue