State of play: Iowa's individual income tax rate dropped to 3.8% this year, down from a top rate of 5.7% in 2024 and 8.53% in 2019.

Currently, the excise tax on all charitable foundations is 1.39%, but the proposed legislation would enact rates of 2.78%, 5%, or even 10%, depending on the size of the foundation.

Iowa local governments and business groups say they generally support getting rid of the state’s complicated property tax rollback system, but continue to explore the fiscal toll they would face ...

The Tax Foundation, though, points out that because of Iowa’s relatively low property values, higher rates result in lower-than-average annual property tax bill for homeowners.

The Tax Foundation, though, points out that because of Iowa’s relatively low property values, higher rates result in lower-than-average annual property tax liabilities for homeowners.

The president's stance on the SALT cap would reward high-tax areas at the expense of Iowa and other states that lowered rates, writes Jared Walczak.

Even with tax cuts in effect, Iowa is still projecting a $1.7 billion surplus in fiscal year 2026. ... John Hendrickson is policy director at Iowans for Tax Relief Foundation.

The Tax Foundation, though, points out that because of Iowa’s relatively low property values, higher rates result in lower-than-average annual property tax liabilities for homeowners.

From fiscal 2024 to fiscal 2025, Iowa’s counties are increasing their property tax collections by more than 7%, cities more than 6%, and school districts more than 5%.

In a speech after she accepted the award, Reynolds recapped the series of tax cuts she has signed into law since she became governor, taking Iowa's top individual income tax rate from 8.98% in ...

Raised an existing property tax exemption for Iowa veterans to $7,000 from $4,000. Provided a property tax credit to Iowans 70 years old and older who make less than 350% of the federal poverty level.