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Iowa House passes 2% property tax cap bill; Senate proposes higher limit, no agreement reached.
The Iowa House passed a property tax reform bill capping local tax revenue growth at 2%, introducing a $25,000 homestead exemption, limiting bond use for salaries, and restricting tax-increment financing to 20 years.
Republicans say it brings stability, while Democrats argue it falls short of meaningful relief.
A separate Senate proposal allows 2% to 5% revenue growth and boosts the homestead credit to 50%.
Both chambers remain far from a compromise ahead of the session’s end.
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La Cámara de Representantes de Iowa aprueba el impuesto a la propiedad del 2%; el Senado propone un límite más alto, no se llegó a un acuerdo.