What is the status of HF2577?

In committee as of February 18, 2026. Latest action: Introduced, referred to Ways and Means. H.J. 330 . (February 18, 2026).

Where is the official record for HF2577?

On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+2577&ga=91

Iowa legislation · 91st General Assembly

Iowa HF2577: A BILL FOR An Act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions

Q: What is HF2577?

HF2577 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions.

Q: What does HF2577 do?

In its own words: A bill FOR An Act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions.

Status: In committee, February 18, 2026

An Act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions.

What the bill says

A bill FOR An Act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions.

From the introduced text, February 18, 2026:

A BILL FOR An Act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5441YH (4) ms/md H.F. 2577 DIVISION I ACTUAL VALUATION LIMITATION Section 1. Section 441.21, subsection 1, paragraph a, Code 2026, is amended to read as follows: a. (1) All property subject to taxation shall be valued at its actual value which shall be entered opposite each item, and, except as otherwise provided in this section, shall be assessed at one hundred percent of its actual value, and the value so assessed shall be taken and considered as the assessed value and taxable value of the property upon which the levy shall be made. (2) For assessment years beginning on or after January 1, 2027, but before January 1, 2030, and notwithstanding any provision of law to the contrary, the actual value of each individual residential, commercial, or industrial property, including after adjustments to actual values made as the result of equalization, shall not exceed one hundred percent of the actual value of the property for the immediately preceding assessment year unless the property was …

What the bill says

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