Iowa Statutes
§ 427.2A — Taxation of life estate in property donated to public
Iowa § 427.2A
This text of Iowa § 427.2A (Taxation of life estate in property donated to public) 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 § 427.2A (2026).
Text
1.Real estate donated to the state or a political subdivision of the state or any agency
of the state or political subdivision, for which the donor retains a life estate, or provides for
another to possess a life estate shall continue to be subject to property taxation and special
assessment to the same extent as the property was so subject during the fiscal year in which
the donation was made. The real property shall continue to be taxed until the fiscal year
following the fiscal year during which the life estate terminates. Upon termination of the life
estate, the real estate shall be subject to taxation as otherwise provided by law.
2.This section applies to property donated on or after July 1, 1992, for purposes of
property taxes or special assessments due and payable in fiscal years
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Nearby Sections
15
§ 427.1
Exemptions§ 427.10
Abatement§ 427.11
Grantee or devisee to pay tax§ 427.12
Suspended tax record§ 427.13
What taxable§ 427.14
County lands§ 427.15
Interest of lessee§ 427.18
Token tax liability accruesCite This Page — Counsel Stack
Bluebook (online)
Iowa § 427.2A, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/427.2A.