Military Service Property Tax Exemption
Up to $4,000 reduction in taxable value for honorably discharged veterans who served 18+ months.
At a glance
- Benefit type
- Tax Benefits — Iowa
- Who it's for
- Veterans, National Guard, Reservists
- VA rating needed
- No rating requirement
- Estimated value
- $4,000 off taxable value
- Where it applies
- Iowa
- Last verified
- May 12, 2026
What is Military Service Property Tax Exemption?
Military Service Property Tax Exemption is a Iowa tax benefits benefit for veterans, national guard, reservists. Up to $4,000 reduction in taxable value for honorably discharged veterans who served 18+ months. The listed value is $4,000 off taxable value.
Who qualifies
- Available to any veteran
- Honorable discharge required
- Iowa residency
Who is eligible
Eligibility
Iowa resident; honorably discharged veteran who served a minimum of 18 months active duty, OR served less than 18 months and was discharged due to a service-connected injury, OR a Reserve/National Guard member with 20+ years of service, OR a Reserve/Guard member who served 90+ days on federal active duty (not training). No disability rating required.
What Military Service Property Tax Exemption covers
Exemption
Reduces taxable value by $4,000 (per Iowa Code 426A.11, as amended for assessment years beginning on or after January 1, 2023). Savings vary by local tax levy.
How to apply for Military Service Property Tax Exemption
How to apply
File with your county Assessor's Office on or before July 1 using Form 54-146. Only needs to be filed once.
Verified information & sources
Last verified: May 12, 2026
Official source: revenue.iowa.gov
Compiled and fact-checked against the official source linked above. Benefit rules and dollar amounts change over time — always confirm current details at the official source before applying. A county Veterans Service Officer (VSO) is a free, accredited advocate who can review your eligibility and help you file at no cost.
Frequently asked questions about Military Service Property Tax Exemption
Who qualifies for Military Service Property Tax Exemption?▾
How much is Military Service Property Tax Exemption worth?▾
How do I apply for Military Service Property Tax Exemption?▾
Where can I verify Military Service Property Tax Exemption?▾
Other Iowa Tax Benefits
Military Retirement Pay State Income Tax Exemption
100% of military retired pay is exempt from Iowa state income tax.
~$1,140/year on $30,000 retirement pay (3.8% flat rate)
Disabled Veteran Homestead Property Tax Credit
100% exemption from property taxes on homestead for 100% permanently disabled veterans.
100% property tax exemption
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