More Exemptions and Credits
Find a list of additional exemptions and credits on the State of Iowa’s website.
Homestead Credit
To qualify for the homestead credit, the property must be your primary residence that you live in six (6) months and one (1) day out of the year. You can only obtain the homestead credit on one property. We must receive the application by July 1st.
On May 4, 2023, Governor Reynolds signed House File 718, establishing a homestead tax exemption for claimants 65 years of age or older.
In addition to the homestead tax credit, eligible claimants who own the home they live in and are 65 years of age or older on or before January 1 of the assessment year are now eligible for a homestead tax exemption. 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. An exemption is a reduction in the taxable value of the property rather than a direct reduction in the amount of property tax you pay.
Please use the same application for the Homestead Credit and Exemption. An exemption application may then be filed in the Assessor’s Office OR complete a homestead application and submit to our office by any of the options below:
- Mail or Walk In:
215 East 5th Street
Storm Lake, IA 50588 - E-Mail: assessor@bvcountyiowa.com
- Fax: 712-749-2543
Military Exemption
Current or previous active military duty must bring an original or a certified copy of DD-214 discharge papers to be recorded at the Recorders Office. An exemption application may then be filed in the Assessor’s Office.