Iowa law provides for a number of credits and exemptions. It is the property owner's responsibility to apply for these as provided by law. It is also the property owner's responsibility to report to the Assessor when they are no longer eligible for any credit or exemption they have applied for.

Following is a list of credits and exemptions available in Iowa.

Homestead Tax Credit

To qualify for the credit, the property owner must be a resident of Iowa (pay Iowa income tax) and occupy the property on July 1 and for at least six months of every year. New applications for homestead tax credit may be filed in person with the Assessor or online at: Beacon.SchneiderCorp.com on or before July 1 of the year the credit is first claimed. Once a person qualifies, the credit continues until the property is sold or until the owner no longer qualifies.

The Homestead Credit is calculated by dividing the homestead credit value of $4850.00 by 1,000 and multiplying by the Consolidated Tax Levy Rate. That amount may then be reduced by the county to the same amount at which the State of Iowa has approved funding. (Refer to Code of Iowa, Chapter 425)

Military Tax Exemption

Qualification is determined based on residency (pay Iowa income tax), type of discharge and time served. Military veterans including Iowa National Guard and United States Reservists may qualify. Unless already recorded with the county, bring honorable discharge paper DD214 to be recorded.

Contact the Scott County or Davenport City Assessors’ Office for additional information. Applications must be made with the Assessor on or before July 1 of the year the exemption is first claimed. The exemption remains in effect until the property owner is no longer eligible. (Refer to Code of Iowa Chapter 426)

Business Property Tax Credit

All Commercial and Industrial Classified properties in the State of Iowa automatically qualify for this credit. No need to apply.

Certain commercial, industrial, and railroad properties qualify. Does not apply to residential or agriculturally classified property. One credit is available for each qualified property unit.

A property unit consists of contiguous parcels of the same classification that are owned by the same person and operated by that person for a common use and purpose.

 

Family Farm Tax Credit

This is a tax credit on agricultural tracts of land 10 acres or more that are farmed by the owner or immediate family members (this includes brothers/sisters, sons/daughters, grandchildren, great grandchildren, uncles/aunts, nephews/nieces.) (refer to Code of Iowa Chapter 425A)

New applications for family farm tax credit are to be filed with the Davenport City Assessor on or before November 1 of the year the credit is first claimed. Once a person qualifies, the credit continues until the property is sold or until the property no longer qualifies (Family Farm Tax Credit Application)

Other Exemptions and Credits

Credit/Exemption	Time Period	Contact For Eligibility	Filing Deadline
Homestead Tax Credit		Assessor	July 1
Military Tax Exemption		Assessor	July 1
Business Property Tax Credit		Assessor	Automatic
Family Farm Tax Credit		Assessor	November 1
Charitable & Non-Profit (Application Attached )	Permanent	Assessor	February 1
Forest Reserve (Application Attached)	Permanent	Assessor	February 1
Fruit Tree Reservation	8 Years	Assessor	February 1
Forest Cover	Annual	Soil Conservation Service	February 1
Open Prairie	Annual	Soil Conservation Service	February 1
Native Prairie or Wetlands (Application Attached)	Annual	DNR State Wildlife Biologist/Assessor	February 1
Wildlife Habitat	Permanent	DNR State Wildlife Biologist/Assessor	February 1
Impoundment Structures	Annual	Assessor	February 1
Pollution Control (Application Attached)	Permanent	Assessor	February 1
Cattle Facilities	5 Years	Assessor	February 1
Historic Property	4/4 Years	State Historical Society/Assessor	February 1
Urban Revitalization	By Ordinance	City/County Assessor	February 1
Industrial Partial 427B	5 Years	Assessor	February 1
Geothermal Heating & Cooling System (Application Attached)	10 Years	Assessor	February 1
Disabled Veteran ( Click here to download )	Permanent	Local Administrator Veterans Affairs/Assessor	July 1