Taxes

Iowa Gov. Kim Reynolds signed a bill into law Thursday that will provide an estimated $100 million in property tax relief while limiting local government spending.

The Iowa Legislature voted nearly unanimously Tuesday to send a bill to the governor’s desk that aims to provide property tax relief for Iowans.

Republican lawmakers are trying to find a compromise between separate property tax bills passed by the Iowa House and Senate.

The Iowa Senate and House passed competing bills Wednesday aimed at providing property tax relief as Iowans face rising property valuations.

Also, Iowa homeowners saw their property assessments increase drastically — in some cases as much as 50%. An Iowa assessor shares what this means for their taxes and how to appeal.

Lawmakers said the Iowa Department of Revenue made a mistake that the legislature is now forced to fix to avoid an unintentional property tax increase.

Iowa Senate Majority Leader Jack Whitver said “everything’s on the table” when it comes to efforts to reduce property taxes during the upcoming legislative session.

House Republicans did not have enough votes to pass Gov. Kim Reynolds’ school choice plan in the past two years. Iowa House Speaker Pat Grassley said he wants it to be paired with more flexibility in how public schools can use their funding.

As states take steps to tighten abortion laws, conversations have been reignited about how to best support families and babies. Many policy experts point to a permanent Child Tax Credit, made available to low- and no-income families, as one way to do that.

Last week, Gov. Kim Reynolds signed a major change to Iowa's tax laws into effect. Hear from legislative leaders and experts on just what this will mean for your wallet.