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Bill > HF2208
IA HF2208
IA HF2208A bill for an act related to the meaning of residential property for purposes of property taxation.
summary
Introduced
01/29/2026
01/29/2026
In Committee
01/29/2026
01/29/2026
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill prohibits single-family homes that are owned by a titleholder of more than 10 single-family homes from being classified as residential property for purposes of property taxation. Instead, a single-family home that is owned by a titleholder who owns more than 10 single-family homes shall be classified as commercial for property tax purposes. The bill defines “single-family home” to mean a parcel that is used or intended for human habitation containing one dwelling unit.
AI Summary
This bill, effective for property valuations starting January 1, 2027, changes how certain single-family homes are taxed by prohibiting them from being classified as residential property if they are owned by an entity or individual who holds title to more than ten single-family homes in Iowa. Instead, these homes will be taxed as commercial property. A "single-family home" is defined as a property intended for people to live in that contains only one dwelling unit. This provision aims to reclassify properties owned by large-scale landlords, potentially impacting property tax revenue and the definition of residential versus commercial real estate.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced, referred to Ways and Means. H.J. 174. (on 01/29/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF2208 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF2208.html |
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