[218] Property tax is levied on the taxable value of real property. Iowa has more than 2,000 taxing authorities. Most property is taxed by more than one taxing authority. The tax rate differs in each locality and is a composite of county, city or rural township, school district and ...
special purpose districts and tax incremental finance districts. Equalized values are based on the full market value of all taxable property in the state, except for agricultural land. To provide property tax relief for farmers, the value of agricultural land is determined by its value for agricult...