Iowa Homestead Tax Credit

Iowa Department of Revenue

Available Property Tax Relief

About This Program

Iowa Homestead Tax Credit is available to homeowners in Ottumwa, IA.

Automatically reduces property taxes for Iowa homeowners who occupy their residence on July 1. Credit is applied to the actual value of the homestead and requires a one-time filing with Wapello County Assessor.

Credit reduces taxable value of homestead property; amount varies by assessed value

Verified against Iowa Department of Revenue's official page on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

In Ottumwa, IA, you can combine this program with other local help to cut your cost:

Key Details

  • Automatic property tax reduction for homesteads
  • Available to all owner-occupants in Iowa
  • No income requirements
  • One-time application with County Assessor
  • Must occupy home on July 1

How to Apply

Get free help applying Visit Official Program Page Track this program

(515) 281-3114

A grant-savvy contractor in Ottumwa, IA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Form to file: Homestead Tax Credit and Exemption (Form 54-028)

The Iowa Homestead Tax Credit lowers the property tax on the home you own and occupy, and homeowners 65 and older also get an additional homestead exemption on a portion of taxable value. You file Form 54-028 once with your local assessor; once approved it carries forward each year without refiling.

Steps to apply

  1. Confirm you own and occupy the Iowa home as your residence (and note your age for the 65+ exemption).
  2. Get Form 54-028, the Homestead Tax Credit and Exemption application, from the Iowa Department of Revenue.
  3. Complete it (the form needs no extra documentation; the assessor may ask to verify age for the 65+ exemption).
  4. File it with your local assessor; the credit and exemption then continue each year automatically.
Get the official form

Documents you will likely need

  • Proof you own and occupy the home as your residence.
  • Proof of age if you are claiming the 65 or older exemption (the assessor may ask).
  • The completed Form 54-028.
  • Your property's parcel information.
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: July 1 for new applicants

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Iowa Homestead Tax Credit provide in Ottumwa, IA?

Up to $20,000.

Who qualifies for Iowa Homestead Tax Credit in Ottumwa?

Iowa Homestead Tax Credit is open to homeowners in Ottumwa, IA. It has no income limit.

How do I apply for Iowa Homestead Tax Credit in Ottumwa, IA?

Apply directly with Iowa Department of Revenue using the official program link on this page or call (515) 281-3114. There is no middleman and no fee. Deadline: July 1 for new applicants.

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