Finance
Iowa's Homestead Tax Credit reduces property taxes for:
AAll Iowa property owners
BIowa residents who own and occupy their home as their primary residence✓ Correct
COnly first-time homebuyers
DOnly properties with an assessed value under $100,000
Explanation
Iowa's Homestead Tax Credit provides a property tax reduction for owner-occupants of Iowa residential property used as their primary residence. The credit is applied to the property's tax bill and must be applied for at the county assessor's office.
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