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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Greetings, The Iowa Legislature passed a new exemption for property taxes for those of us who are over 65 and own a home. Here is what GOOGLE told me about it this morning. Remember where it mentions Polk county any county may be substituted. Also of course the phone numbers will be different depending on where you are.<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Bob Ray<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p><h1 style='mso-margin-top-alt:8.05pt;margin-right:0in;margin-bottom:8.05pt;margin-left:0in'><b><font size=5 color=black face=Arial><span style='font-size:16.5pt;font-family:"Arial",sans-serif;color:black'>Homestead Credit<o:p></o:p></span></font></b></h1><p style='mso-margin-top-alt:13.45pt;margin-right:0in;margin-bottom:13.45pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The homestead tax credit is intended to provide tax relief for those who own and occupy a home in Iowa.<o:p></o:p></span></font></p><p style='mso-margin-top-alt:13.45pt;margin-right:0in;margin-bottom:13.45pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>On May 4, 2023, Governor Reynolds signed <a href="https://www.legis.iowa.gov/legislation/BillBook?ga=90&ba=HF718">House File 718</a>, establishing a homestead tax exemption for claimants 65 years of age or older.<o:p></o:p></span></font></p><p style='mso-margin-top-alt:13.45pt;margin-right:0in;margin-bottom:13.45pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>In addition to the homestead tax credit, eligible claimants who own the home they live in and are 65 years of age or older on or before January 1 of the assessment year are now eligible for a homestead tax exemption.<o:p></o:p></span></font></p><p style='mso-margin-top-alt:13.45pt;margin-right:0in;margin-bottom:13.45pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>For the assessment year beginning on January 1, 2023, with taxes payable September 2024 and March 2025, the exemption is for $3,250 of taxable value. For assessment years beginning on or after January 1, 2024, the exemption is for $6,500 of taxable value. An exemption is a reduction in the taxable value of the property rather than a direct reduction in the amount of property tax you pay.<o:p></o:p></span></font></p><p style='mso-margin-top-alt:13.45pt;margin-right:0in;margin-bottom:13.45pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The Iowa Department of Revenue has amended the Homestead Tax Credit and Exemption (54-028) to allow claimants to apply for the new exemption. Applications are due July 1 to your local assessor. If the exemption is granted, the exemption will be allowed for future years without future filing as long as the claimant continues to qualify.<o:p></o:p></span></font></p><h2 style='mso-margin-top-alt:9.0pt;margin-right:0in;margin-bottom:9.0pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><b><font size=4 color=black face=Arial><span style='font-size:13.0pt;font-family:"Arial",sans-serif;color:black'>Eligibility<o:p></o:p></span></font></b></h2><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:48.0pt;text-indent:-.25in;mso-list:l1 level1 lfo1'><![if !supportLists]><font size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>Any person who owns a home and occupies his or her home<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:96.0pt;text-indent:-.25in;mso-list:l1 level2 lfo1'><![if !supportLists]><font size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";color:black'><span style='mso-list:Ignore'>o<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'><a href="https://www.assess.co.polk.ia.us/cgi-bin/web/tt/info.cgi?tt=adjustments/summary/HSC_qualify">Types of Ownership</a><o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:48.0pt;text-indent:-.25in;mso-list:l1 level1 lfo1'><![if !supportLists]><font size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The owner must occupy the dwelling as a home on July 1 of the year for which the credit is claimed<o:p></o:p></span></font></p><h2 style='mso-margin-top-alt:9.0pt;margin-right:0in;margin-bottom:9.0pt;margin-left:0in;font-variant-ligatures: normal;font-variant-caps: normal;orphans: 2;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px'><b><font size=4 color=black face=Arial><span style='font-size:13.0pt;font-family:"Arial",sans-serif;color:black'>Filing Requirements<o:p></o:p></span></font></b></h2><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:48.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><font size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>Owner must complete the application by July 1st.<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:48.0pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><font size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>If July 1st falls on a weekend, the deadline is extended to the following business day.<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:96.0pt;text-indent:-.25in;mso-list:l0 level2 lfo2'><![if !supportLists]><font size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";color:black'><span style='mso-list:Ignore'>o<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>Only one of the title holders needs to apply<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:2.0in;text-indent:-.25in;mso-list:l0 level3 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The application can be completed in person<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:192.0pt;text-indent:-.25in;mso-list:l0 level4 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>Office is located at 111 Court Ave. Room 195<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:192.0pt;text-indent:-.25in;mso-list:l0 level4 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>Office hours are 7:00 a.m. - 5:00 p.m. Monday - Friday<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:2.0in;text-indent:-.25in;mso-list:l0 level3 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><b><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black;font-weight:bold'>If the application is not completed in person you can verify that it was received and print a copy of the completed application from our website.</span></font></b><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'><o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:2.0in;text-indent:-.25in;mso-list:l0 level3 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The application can be submitted by mail to the address below<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:192.0pt;text-indent:-.25in;mso-list:l0 level4 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>Polk County Assessor, 111 Court Ave Rm 195, Des Moines, IA 50309<o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:2.0in;text-indent:-.25in;mso-list:l0 level3 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The application can be submitted by email to <a href="mailto:credits@assess.co.polk.ia.us">credits@assess.co.polk.ia.us</a><o:p></o:p></span></font></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:2.0in;text-indent:-.25in;mso-list:l0 level3 lfo2'><![if !supportLists]><font size=2 color=black face=Wingdings><span style='font-size:10.0pt;font-family:Wingdings;color:black'><span style='mso-list:Ignore'>§<font size=1 face="Times New Roman"><span style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font size=4 color=black face="Times New Roman"><span style='font-size:13.5pt;font-family:"Times New Roman",serif;color:black'>The application can be submitted by fax to 515-286-3386<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p></div></body></html>