Iowa’s high property taxes are a growing concern. The Tax Foundation examined the “effective tax rates on owner-occupied housing” across the United States. Iowa ranked 12th highest in the nation. At the heart of high property taxes is local government spending. Unless spending is controlled, any property tax relief will be limited. Iowa’s property tax system is complex, and more transparency is needed. Iowa should look to Utah’s Truth-in-Taxation law, which since 1985 has been controlling the growth of property taxes and providing transparency and accountability for taxpayers. Utah’s Truth-in-Taxation is the gold standard model for any property tax reform.
Continue Reading at Latest Articles