Military Service Property Tax Exemption
Up to $4,000 reduction in taxable value for honorably discharged veterans who served 18+ months.
Who qualifies
- Available to any veteran
- Honorable discharge required
- Iowa residency
Details
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.
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
File with your county Assessor's Office on or before July 1 using Form 54-146. Only needs to be filed once.
Always confirm current rates and rules with the Iowa state agency before applying.
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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