Senator reveals latest version of Iowa property tax relief plan

A key GOP senator has unveiled a new version of a property tax reform package.

It no longer includes a $50,000 property tax exemption for homeowners. Senator Dan Dawson of Council Bluffs, chairman of the Senate Ways and Means Committee, said that “one size fits all” number didn’t work, since it would wipe out most property tax revenue for small towns where home values are low.

“What we’ve proposed here now is every homestead gets a 25% discount on the value of their house, up to $125,000,” Dawson said. “That, I think, really hits the mark between the small communities and the large communities from the feedback that we were getting.”

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