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flag Iowa Senator proposes property tax reform, offering discounts and aiming for $400M relief.

flag Iowa Senator Dan Dawson has introduced a revised property tax reform bill, proposing a 25% discount on home values up to $125,000, replacing a $50,000 tax exemption. flag The bill caps city and county budget increases at 2%, allowing for adjustments during high inflation. flag It aims to provide $400 million in property tax relief by increasing state support for schools. flag The legislation faces scrutiny over potential impacts on school budgets and is expected to see further changes before full senate debate.

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