Iowa § 427.18 - 427.18 Token tax liability accrues.
Full text of Iowa Iowa Code § 427.18 — 427.18 Token tax liability accrues., with citation guidance and answers to common questions.
§ 427.18. 427.18 Token tax liability accrues.
If property which may be exempt from taxation is acquired after July 1 by a person or the state or any of its political subdivisions, the exemption shall not be allowed for that fiscal year and the person or the state or any of its political subdivisions shall pay the property taxes levied against the property for that fiscal year, and payable in the following fiscal year. However, the seller and the purchaser may designate, by written agreement, the party responsible for payment of the property taxes due. [C81, §427.18] Referred to in §445.28 Fri Dec 12 20:22:24 2025 Iowa Code 2026, Section 427.18 (20, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 427.18
What does Iowa Code § 427.18 cover?
Section 427.18 ("427.18 Token tax liability accrues.") 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 § 427.18?
A common citation format is "Iowa Code § 427.18" (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 § 427.18 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.