Iowa § 425A.5 Computation by county auditor

Iowa Statutes

§ 425A.5 — Computation by county auditor

Iowa § 425A.5

Title XFINANCIAL RESOURCES

Ch. 425AFAMILY FARM TAX CREDIT

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Bluebook

Iowa Code § 425A.5 (2026).

Text

The family farm tax credit allowed each year shall be computed as follows: On or before
April 1, the county auditor shall list by school districts all tracts of agricultural land which
are entitled to credit, the taxable value for the previous year, the budget from each school
district for the previous year, and the tax rate determined for the general fund of the school
district in the manner prescribed in section 444.3 for the previous year, and if the tax rate is in
excess of five dollars and forty cents per thousand dollars of assessed value, the auditor shall
multiply the tax levy which is in excess of five dollars and forty cents per thousand dollars of
assessedvaluebythetotaltaxablevalueoftheagriculturallandentitledtocreditintheschool
district, and on or before April 1, certify the t

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The family farm tax credit allowed each year shall be computed as follows: On or before
April 1, the county auditor shall list by school districts all tracts of agricultural land which
are entitled to credit, the taxable value for the previous year, the budget from each school
district for the previous year, and the tax rate determined for the general fund of the school
district in the manner prescribed in section 444.3 for the previous year, and if the tax rate is in
excess of five dollars and forty cents per thousand dollars of assessed value, the auditor shall
multiply the tax levy which is in excess of five dollars and forty cents per thousand dollars of
assessedvaluebythetotaltaxablevalueoftheagriculturallandentitledtocreditintheschool
district, and on or before April 1, certify the total amount of credit and the total number of
acres entitled to the credit to the department of revenue.