A Family Owned Bank Since 1923

Iowa Homestead Tax Exemption for Claimants 65 Years of Age or Older

On May 4, 2023, Governor Reynolds signed House File 718, establishing a homestead tax exemption for claimants 65 years of age or older.  In addition to the homestead tax credit, eligible claimants who own the home they live in and are 65 years of age or older on or before January 1 of the assessment year are now eligible for a homestead tax exemption. For the assessment year beginning on January 1, 2023, the exemption is for $3,250 of taxable value. For assessment years beginning on or after January 1, 2024, the exemption is for $6,500 of taxable value. An exemption is a reduction in the taxable value of the property rather than a direct reduction in the amount of property tax you pay, but it can affect the amount of taxes you pay.  An estimate from one local office shows a potential initial savings to an eligible homeowner of around $100 the first year and $200 the second year.

Applications must be made to your local assessor and are due July 1. If the exemption is granted, the exemption will be allowed for future years without additional filing as long as the claimant continues to qualify.  For our customers’ convenience we have provided contact information for our local county assessors:

Janell Bluml,

Audubon County Assessor

Cindy Heuton,

Carroll County Assessor

Duane Zenk,

Crawford County Assessor

318 Leroy Street #10 114 East 6th Street PO Box 444
Audubon, IA  50025 Carroll, IA  51401 Denison, IA  51442
Phone (712) 563-3418 Phone (712) 792-9973 Phone (712) 263-3447
www.auduboncountyia.gov www.carrollcountyiowa.gov www.crawfordcounty.iowa.gov

The following link will direct you to the application that you can print and mail to your assessor:



Templeton Savings Bank has had a long tradition of helping customers reach their financial goals. As we approach 100 years in business, we look forward to providing banking products and services typically only found with larger, publicly held financial institutions.


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