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Iowa Senator proposes property tax reform, offering discounts and aiming for $400M relief.
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.
The bill caps city and county budget increases at 2%, allowing for adjustments during high inflation.
It aims to provide $400 million in property tax relief by increasing state support for schools.
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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El senador de Iowa propone la reforma del impuesto a la propiedad, ofreciendo descuentos y apuntando a un alivio de $400 millones.