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$46,350
- The exemption is currently $46,350. Any property assessed for more than $46,350 would require the property owner pay tax on the difference.
scottkypva.com/homestead-exemptions/
State legislators recently passed a new law enabling Iowa homeowners who are 65 years of age or older a homestead exemption in addition to their homestead credit. Claimants who are 65 years of age or older on or before January 1 of the assessment year are eligible.
New applications must be made with the Assessor* on or before July 1 of the year the exemption or credit is first claimed. * There are Two Assessors: Scott County and Davenport City Assessors. City of Davenport residents contact the Davenport City Assessor External Link.
For the assessment year beginning on January 1, 2023, the exemption is for $3,250 of taxable value. For assessment years beginning on or after January 1, 2024, the exemption is for $6,500 of taxable value. Claimants are able to file a claim for this exemption on the same form as the claim for credit.
Every 2 years, the State will look at the current amount of the exemption and decide if it needs to be raised, and if so, how much. Currently the amount for 2023 and 2024 is $46,350. This is how much will come off of your assessment amount to determine your tax bill for the year.
The Homestead Exemption (based on age or disability status) allows taxpayers who are at least 65 years of age or who are totally disabled to receive an exemption. The current Homestead Exemption amount is $46,350 scroll down to read more about the Homestead Exemption or click here for the Homestead Application.
Contact the Scott County or Davenport City Assessors’ Office for additional information. Applications must be made with the Assessor on or before July 1 of the year the exemption is first claimed. The exemption remains in effect until the property owner is no longer eligible.
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All owners applying for a property tax exemption must file an application for exemption with the Scott County Assessor. Read more on the Exempt Status page.
