Iowa Administrative Code
Agency 223 - Historical Division
Chapter 47 - Historic Property Rehabilitation Tax Exemption
Rule 223-47.2 - Definitions

Universal Citation: IA Admin Code 223-47.2
Current through Register Vol. 47, No. 6, September 18, 2024

The definitions listed in Iowa Code section 17A.2 and rules 223-1.2 (303) and 223-35.2 (303) shall apply for terms as they are used throughout this chapter In addition, the following definitions apply:

"Application for certification " means the application for approval of substantial rehabilitation work to a historic property filed with the state historical society of Iowa.

"Application for exemption" means the application for a property tax exemption filed with the assessor for the substantial rehabilitation work on a historic property certified as approved by the state historic preservation officer

"Base year valuation " means the assessed valuation for the building on January I of the year in which the rehabilitation work was initiated.

"Exemption " means the temporary release from the increase in valuation due to certified substantial rehabilitation of a historic property and is dependent on maintaining the certification from the state historic preservation officer

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