Iowa § 15.500 - 15.500 Property tax exemption.
Full text of Iowa Iowa Code § 15.500 — 15.500 Property tax exemption., with citation guidance and answers to common questions.
§ 15.500. 15.500 Property tax exemption.
1. A community in which an eligible business’s project is located may grant the eligible business a property tax exemption for a portion of the actual value added by improvements to real property directly related to the eligible business’s created jobs. The community may allow a property tax exemption for a period not to exceed twenty years beginning the year that the improvements to real property are first assessed for taxation. 2. For purposes of this section, “improvements” means new construction, and rehabilitation of and additions to existing structures. 3. A property tax exemption granted under subsection 1 shall apply to all taxing districts, except for school districts, in which the real property is located. 2024 Acts, ch 1090, §12, 15 Wed Dec 10 22:04:41 2025 Iowa Code 2026, Section 15.500 (2, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 15.500
What does Iowa Code § 15.500 cover?
Section 15.500 ("15.500 Property tax exemption.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 15.500?
A common citation format is "Iowa Code § 15.500" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 15.500 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.