The Iowa Department of Revenue is reminding owners of commercial, industrial and railroad properties that applications for a Business Property Tax Credit against 2013 property tax assessments must be received by county or city assessors by Wednesday, Jan. 15.
The tax credit is one component of last year's property tax reform package approved by lawmakers.
Applications received after Jan. 15 will be considered for the 2014 assessment year. Once the initial application has been received and the credit allowed, property owners do not need to apply again unless the ownership or classification of all or part of the property changes.
Additional information on the Business Property Tax Credit, as well as an application form, can be found here.