Elderly and Disabled Property Tax Credit (and 70+ tax freeze credit)
A credit against the property tax on your home: 100% of the tax if 2025 household income was under $13,855, falling in steps (85%, 70%, 50%, 35%, 25%) to no credit at $26,895 or more. Owners 70 or older with household income at or below 250% of the federal poverty level can instead get a credit that holds their property tax at the base-year amount.
For people with disabilities: Iowa resident who owns and lives in the home and, on December 31, 2025, was (a) 65 or older with household income under $26,895, (b) 70 or older with household income at or below 250% of the federal poverty level, or (c) totally disabled and 18 or older with income under $26,895.
- Who qualifies
- Iowa resident who owns and lives in the home and, on December 31, 2025, was (a) 65 or older with household income under $26,895, (b) 70 or older with household income at or below 250% of the federal poverty level, or (c) totally disabled and 18 or older with income under $26,895. A nursing-home resident can claim it if the home is not rented out.
- Income limit
- For 2026 claims (2025 income): under $26,895 for the regular credit. 70+ freeze credit: at or below 250% of the federal poverty level, which is $39,125 for one person, $52,875 for two, $66,625 for three, $80,375 for four, plus $13,750 for each extra person.
- How to apply
- File Form 54-001 (Iowa Property Tax Credit Claim) with your county treasurer, with proof of household income.
- Deadline
- June 1, 2026 to your county treasurer (not the Department of Revenue); the treasurer may extend it to March 31, 2027.
- Renewal
- Every year.
- Law
- Iowa Code ch. 425, subch. II
Source: official page