Senate File 295 established a business property tax credit for commercial, industrial and railway property. Each person who wishes to claim the credit shall obtain the appropriate forms from the County Assessor and file the claim with the assessor before March 15, 2015 in order to receive the credit for taxes payable in 2015/16. Parcels classified and taxed as commercial property, industrial property or railway property, under chapter 434, are eligible for a credit. A person may claim and receive one credit under this chapter for each eligible parcel unless the parcel is part of a property unit. You don't need to sign up annually. Once owership of part of the parcel or property unit is transferred, it becomes necessary to re-sign.
All of the following shall not be eligible to receive a credit under this chapter or be part of a property unit that receives a credit: a mobile home park, manufactured home community, land-leased community, assisted living facility, as those terms are defined in Section 441.21, subsection 13, as enacted in division III of this Act, or that is property primarily used or intended for human habitation containing three or more separate dwelling units.
Apply for the credit at the Assessor’s office in the courthouse. Contact the Assessor’s office for further information.
TAXES PAYABLE SEPTEMBER, 2013 AND MARCH, 2014 ARE BASED ON 2012 VALUES
EXEMPT PARCEL INFORMATION IS AVAILABLE BY CONTACTING THE ASSESSOR'S OFFICE.