Iowa's lawmakers are looking to fix an error in the formula that calculates property tax rates. Due to a miswritten bill in the 2021 session, property owners could pay hundreds of dollars more in property taxes than originally intended. A Senate bill would correct the error for taxpayers, but would reduce cities' and counties' projected income, most of which created budgets and contracts based on the error.
Legislative Mistake Marrs Budgets For Countless IA Communities
