Originally adopted to encourage home ownership through tax relief. The current credit is equal to the actual tax levy on the first $4,850 of actual value. To be eligible, one must own and occupy the property for at least six months each year. Persons in the military or nursing homes who do not occupy are also eligible. Claim must be filed on or before July 1st. Claim is allowed for successive years without further filing as long as eligible.
Please contact the Assessor's Office at 641-939-8100 before filling out the Homestead Tax Credit Application. This was make the process much more efficient.