04/14/2026
Last week, the Iowa Senate approved an amended property tax reform bill on a vote of 41–4.
The House Republicans’ version was passed by the House Ways and Means Committee on March 18 and is expected to move forward in the next few weeks.
These proposals share common goals but take different approaches, including caps on local government revenue growth, changes to assessment practices, shifts in school funding, limits on TIF, and varying mixes of exemptions, freezes, and tax base adjustments.
Governor Reynolds and legislative leaders from both parties described this as the first step in negotiations. Their goal is to reach a final property tax reform agreement this year.
Click to see a comparison of the proposals:
Momentum is building around the need for limits on local revenue growth. ITR has long advocated for a 2% property tax cap, and that idea is now central to the property tax debate. The Senate, Governor, and House proposals share common goals but take different approaches, including caps on local gove...