Jan
31
House File 2168
ByHouse File 2168 - Introduced HOUSE FILE BY WORTHAN and REICHERT A BILL FOR 1 An Act relating to the classification of certain residential 2 property for property assessment and taxation purposes. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 6018YH (4) 83 md/sc PAG LIN 1 1 Section 1. Section 441.21, Code Supplement 2009, is amended 1 2 by adding the following new subsection: 1 3 NEW SUBSECTION. 11A. Beginning with valuations established 1 4 on or after January 1, 2011, as used in this section, 1 5 "residential property" shall include land and buildings 1 6 used primarily for human habitation and containing three or 1 7 fewer separate living quarters, as well as structures and 1 8 improvements used primarily as a part of or in conjunction 1 9 with such land and buildings. "Residential property" does not 1 10 include a hotel, motel, inn, or other building where rooms are 1 11 usually rented for less than one month, a nursing home, or a 1 12 rest home. 1 13 EXPLANATION 1 14 This bill provides that, for purposes of property tax 1 15 assessment, residential property shall include land and 1 16 buildings used primarily for human habitation and containing 1 17 three or fewer separate living quarters. The bill provides 1 18 that residential property does not include a hotel, motel, inn, 1 19 or other building where rooms are usually rented for less than 1 20 one month, a nursing home, or a rest home. 1 21 The bill applies to property valuations established on or 1 22 after January 1, 2011. LSB 6018YH (4) 83 md/sc
