Industrial Property Tax Exemption

Category: Property, Tax, Exemption

The State of Iowa's Industrial Property Tax Exemption provides a five-year reducing property tax exemption for new or expanding industrial construction. This tax exemption is applicable to industrial property, research-service facilities, warehouses, distribution centers, and owner-operated cattle facilities.

The property tax exemption schedule is as follows:

A. For the first year, seventy-five percent

B. For the second year, sixty percent

C. For the third year, forty-five percent

D. For the fourth year, thirty percent

E. For the fifth year, fifteen percent

For more information and to apply, click here

*Contact Jackson County Economic Alliance for more information regarding this incentive, (563) 652-4549.