FAQs • Clayton County, IA • CivicEngage

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Real Estate - Credits / Exemptions

1. What is a Homestead Credit?: The Homestead Credit is a tax credit funded by the State of Iowa for qualifying homeowners, and is generally based on the first $4,850 of Net Taxable Value. In the case of a Disabled Veteran Tax Credit, the value of the Homestead Credit is increased to the entire amount of the Taxable Value of the property. For more information, please call the Auditor's Office at 563-245-1106.

2. How is the Homestead Credit calculated?: The Homestead Credit is calculated by dividing the homestead credit value by 1,000 and multiplying by the Consolidated Tax Levy Rate. That amount may then be reduced by the county to the same amount at which the State of Iowa has approved funding. For more information, please call the Auditor's Office at 563-245-1106.

3. What is a real estate Military Exemption?: Veterans who served in active duty during certain periods of time and who were honorably discharged are eligible to receive a Military Exemption on their property taxes. Pursuant to Iowa law, the Military Exemption value is determined by the dates the veteran served in active duty. Values for most veterans are $1,852, or $3,704 in the case of a husband and wife who both qualify. The value for World War I veterans is $2,778. For more information, please call the Auditor's Office at 563-245-1106.

4. How is the Military Exemption calculated?: The Military Exemption value is subtracted from the Taxable Value of a property prior to the calculation of taxes. To know how much your tax bill was reduced by the Military Exemption, divide the value by 1,000 and multiply the remainder by the Consolidated Tax Levy Rate. For more information, please call the Auditor's Office at 563-245-1106.

5. How do I apply or find out if I qualify for the Homestead Credit or Military Exemption?: The assessor has forms that you need to complete, sign, and file for the Homestead Credit and/or Military Exemption. That office can also tell you the qualifications for each. For more information, please call the Auditor's Office at 563-245-1106.