Assessor: Credits and Exemptions
The following is a list of credits and exemptions administered by the Assessor's office. You must sign up for these credits and exemptions in our office. You do not sign up for them upon the close of escrow of your property. It is your responsibility as the property owner to sign up for these credits and exemptions in a timely manner as provided by Iowa Code.
Business Property Tax Credit
For commercial or industrial properties. Deadline for filing is July 1; credits signed after July 1 are applied for the following year.
*Owners of Commercial or Industrial Property who receive the Business Property Tax Credit are reminded that the law requires you to re-sign for the BPTC when all or part of a business property unit is sold or ownership otherwise changes. This includes any of several parcels that may comprise one business unit, or a single parcel that is its own unit. This also includes splits of properties (selling only part of the land), combinations of properties, or transfers between spouses, family members, corporation or business names, etc. Applications are available in the Assessor's Office.
Homestead Credit (Regular or Disabled Veteran's)
For those who both own and occupy their home in Mahaska County. Deadline for filing is July 1; credits signed after July 1 are applied for the following year.
Veterans will need to supply required documentation - please contact our office for details.
For those who served in a qualifying time period. Deadline for filing is July 1; credits signed after July 1 are applied for the following year.
Family Farm Tax Credit
For those who own and operate their farms. Active farmers include the property owner's son/daughter, sister/brother, aunt/uncle, niece/nephew, or grandparents. Deadline for filing is November 1; credits signed after November 1 are applied for the following year.
Deadline for filing is February 1st of every year for:
- Forest reserve
- Fruit tree reserve
- Impoundment structure
- Open prairie
- Native prairie
- Forest cover
- River and stream banks
- Recreational lakes
- Pollution control (confinements w/ pits)
- Wildlife habitat
These exemptions each have their own regulations per Iowa Code. Contact the Assessor's Office for more information. Not all applicants may qualify.