Iowa § 403A.10 Tax exemption and payments in lieu of taxes

Iowa Statutes

§ 403A.10 — Tax exemption and payments in lieu of taxes

Iowa § 403A.10

Title IXLOCAL GOVERNMENT

Ch. 403AMUNICIPAL HOUSING PROJECTS

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Bluebook

Iowa Code § 403A.10 (2026).

Text

The property acquired or held pursuant to this chapter is declared to be public property
used exclusively for essential city or municipal public and governmental purposes, and such
property is hereby declared to be exempt from all taxes and special assessments of the state
orofanystatepublicbody. Inlieuoftaxesonsuchpropertyamunicipalitymayagreetomake
paymentstothestateorastatepublicbody,includingtothemunicipality,asitfindsconsistent
with the maintenance of the low-rent character of housing projects and the achievement of
the purposes of this chapter.

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The property acquired or held pursuant to this chapter is declared to be public property
used exclusively for essential city or municipal public and governmental purposes, and such
property is hereby declared to be exempt from all taxes and special assessments of the state
orofanystatepublicbody. Inlieuoftaxesonsuchpropertyamunicipalitymayagreetomake
paymentstothestateorastatepublicbody,includingtothemunicipality,asitfindsconsistent
with the maintenance of the low-rent character of housing projects and the achievement of
the purposes of this chapter.