Final Report Legislative Property Tax Study Committee presented to the Legislative Council and the Iowa General Assembly, January 2005

(2005) Final Report Legislative Property Tax Study Committee presented to the Legislative Council and the Iowa General Assembly, January 2005. Legislative Services Agency (Legislative Service Bureau)

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Abstract

The charge of the Committee is as follows: The Property Taxation Review Committee shall review and analyze the following: a. Revenue sources available to local governments, including taxes, payments in lieu of property taxes, fees, state appropriations, and federal moneys; b. The portion ot state revenues annually appropriated, or otherwise disbursed, to local governments; c. Exemptions, credits, deductions, exclusions, and other reductions in local taxes, authorized by state statute or local ordinance, to local taxpayers and state reimbursement of any property tax credits and exemptions; d. services provided by local governments, including those provided _ at the discretion of a local government and those mandated by federal or state statutes and regulations; e. The role of property taxes in funding local government services and the types of services currently funded by property taxes; f. Alternative systems of property taxation, alternative procedures for protesting property assessments, and various methods of controlling property tax revenues and expenditures.