DES MOINES, Iowa (WOI) – Iowa lawmakers worked until the early morning on Thursday to pass a bill that would put more transparency into how and when property taxes are raised.
Both the House and Senate approved proposals to require local government leaders to take new steps before they hike up property tax rates or property values for residents. This would impact city councils and county boards. Before proposing an increase, these bodies would have to host a public hearing. That measure would need to pass the council or board by a two-thirds majority vote if taxes were to increase more than two percent.
There was talk of putting a hard cap on property tax increases at three percent, but that language of the bill was removed before it passed both chambers. Republican supporters of the bill say that this measure creates transparency for taxpayers. Opponents say it takes away local government control.
The bill now goes to the governor’s desk.