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City of Altoona, IA
@CityofAltoonaIA
This is the official Twitter page for the City of Altoona, Iowa.
  • Residential tree pick up this Sat from 9-11 am at Enabling Garden parking lot. Trees still available. Celebrate Arbor Day - plant a tree!
  • Support & Altoona Police Officers Assoc. this Friday at their Spaghetti Supper, 5-7 pm at Altoona Regular Baptist Church
  • Saturday is Spring Clean Up! Have items to the curb by 6 am. Click on the link for additional information: https://t.co/T99dj8wn3E
  • Share your opinions regarding the cultural aspects of Central Iowa. Help with a Community Survey https://t.co/F6ttfNRY0i

Welcome to Altoona, Iowa!

Altoona’s Urban Revitalization Plan pertaining to residential tax abatement is as follows:

            New Residential Construction – all qualified real estate assessed as residential property is eligible to receive a one hundred percent (100%) exception from taxation on the first $75,000.00 of actual value added by the improvements.  This exemption is for a period of five years.  The lot must be in an approved subdivision, the new home is required to be owner-occupied, and if the property is within a plat approved after December 31, 2006, the lot may be required to have two hardwood trees for tax abatement eligibility.

Example:  A new home is assessed at $200,000.00 by the Polk County Assessor.  After abatement is applied, the assessment is reduced to $125,000.00 for taxation purposes.  The $75,000.00 reduction in assessed valuation is constant for five tax years.   

            Residential Improvement – A home improvement that increased the property assessment, as determined by the Polk County Assessor, by ten percent or more, that portion of the increased assessment, up to a maximum of $75,000 is eligible for a five-year tax abatement.

Contact:  Susi Hoots – 515-967-5138 ext 150

New Home Tax Abatement Application
New Home Tax Abatement Application
New Home Tax Abatement Application_9-24-15.pdf
Version: Sep 2015
24.5 KiB
1283 Downloads
Details

Please refer to the Polk County Assessor’s website for additional information: http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=adjustments/summary/UR

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Comprehensive Plan

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