In light of newly-released statewide polling, House Speaker Kraig Paulsen (R-Hiawatha) called on Senate Democrats to immediately take up the Republican property tax proposal, House File 2274.
If nothing is done on the issue of property taxes, Iowans are staring down the barrel of a $2.5 billion property tax increase over the next ten years, with the majority falling to the homeowner. The Republican plan, which passed the House last week, cuts property taxes for homeowners and businesses, without shifting the burden to any class of property.
“Iowa’s broken property tax system affects our economy and is an impediment to putting people back to work,” said Paulsen. “Our uncompetitive property tax system is a burden on job creators and prohibits businesses of all sizes from expanding, hiring or even settling in Iowa.”
Over the last two weeks, two independent polls have confirmed that Iowans support the House Republican plan for property tax reform.
The Legacy Foundation’s statewide survey found that 51 percent of Iowans support the House Republican version of property tax relief and reform compared to just 18 percent approval of the Senate Democrat’s plan.
In their Iowa Poll, The Des Moines Register concluded that 60 percent of Iowans support efforts to cut property taxes. Additionally, Iowans favor reducing the property tax rate by the same percentage for all businesses instead of limiting benefits to small businesses.
In the fiscal note, the nonpartisan Legislative Services Agency said, “House File 2274 will decrease property taxes paid by all classes of property.”