Iowa § 386.9 Capital improvement tax

Iowa Statutes

§ 386.9 — Capital improvement tax

Iowa § 386.9

Title IXLOCAL GOVERNMENT

Ch. 386SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICTS

This text of Iowa § 386.9 (Capital improvement tax) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 386.9 (2026).

Text

A city may establish a capital improvement fund for a district and may certify taxes, not
to exceed the rate established by the ordinance creating the district, or any subsequent
amendment thereto, each year to be levied for the fund against all of the property in the
district, for the purpose of accumulating moneys for the financing or payment of a part or
all of the costs of any improvement or self-liquidating improvement. However, parcels of
property which are assessed as residential property for property tax purposes are exempt
from the tax levied under this section except residential properties within a duly designated
historic district or property classified as residential property under section 441.21, subsection
§386.9, SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICTS 8
14, paragraph

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A city may establish a capital improvement fund for a district and may certify taxes, not
to exceed the rate established by the ordinance creating the district, or any subsequent
amendment thereto, each year to be levied for the fund against all of the property in the
district, for the purpose of accumulating moneys for the financing or payment of a part or
all of the costs of any improvement or self-liquidating improvement. However, parcels of
property which are assessed as residential property for property tax purposes are exempt
from the tax levied under this section except residential properties within a duly designated
historic district or property classified as residential property under section 441.21, subsection
§386.9, SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICTS 8
14, paragraph “a”, subparagraph (6). A tax levied under this section is not subject to the levy
limitations in section 384.1 or 384.7.