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Legislative Mistake Marrs Budgets For Countless IA Communities

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.