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Article: TAX EXEMPTIONS OFFERED FOR PROPERTY IMPROVEMENTS IN URBAN REVITALIZATION AREAS

Article from:
US Fed News Service, Including US State News
Article date:
January 2, 2008
Copyright

The city of Dubuque issued the following news release:

Owners of property in Dubuque's urban revitalization areas may qualify for tax cuts, if they made improvements that increased the assessed value of the property.

The Dubuque Urban Revitalization Program, based on Chapter 404 of the Code of Iowa, focuses on the revitalization of residential properties in Dubuque's older neighborhoods and offers a property tax exemption for new improvements made to qualified residential properties. Owners who upgrade their residential properties may receive a 10-year exemption from the property tax liability that would normally accompany numerous property improvements. Property owners must apply for the ...

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