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Kaufmann, Dawson want tax overhaul
News · April 16, 2025
State Rep. Bobby Kaufmann and state Sen. Dan Dawson filed on April 9 updated versions of the property tax overhaul proposed several weeks ago.
The Senate bill is SSB 1227. A companion in the House will be filed soon.
“With assessment letters coming out, Iowans have been louder than ever with their concerns about property taxes,” Kaufmann said in a statement. “Iowans have expressed their concern, rage, and fear about unpredictable increases and their ability to afford staying in their homes. We are working to provide real relief to Iowans and their families, make Iowa a competitive state to live, and deliver a property tax overhaul that focuses on property taxpayers.”
“When we filed our original bill, we were looking to get it out to the public so we could start receiving feedback and input, and the bill filed today is a result of that feedback,” Dawson said. “Just today, a study was published by Common Sense Institute that tells us Iowa statewide property tax revenue grew at more than double the rate of inflation over the last two decades. These updated proposals continue our goal of rebuilding the property tax system to bring relief, and bring more predictability and transparency to taxpayers, local governments and businesses.”
The bill makes several changes from the original proposal, including:
• Increasing the homestead exemption benefit to $50,000 to help bring relief to residential property taxpayers
• Immediately removing the rollback for all classifications except agriculture, effective for the FY27 budget
• Implementing a Consumer Price Index adjustment alongside the 2% revenue restriction to help local entities manage times of high inflation
• Providing a minimum budget guarantee to provide small communities certainty in their budgeting process
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