Iowa's 2026 property tax reform has been ranked #1 in the nation for reducing the tax burden by a single piece of legislation over the past decade, according to a new report by the Common Sense Institute. The Institute said that "whether viewed relative to statewide personal income or on a per household basis, Iowa’s 2026 property tax reforms constitute the largest property tax reductions in the nation over the last decade."
Governor Kim Reynolds highlighted the significant impact, saying, "I’m proud that Republicans kept our promise to Iowans with this year’s property tax reform and created another $4.2 billion in tax savings over the next six years." She added that the report "confirms that we’re not only delivering for our state but also leading the nation in meaningful tax relief for working families."
The report projects these reforms will "significantly increase the state’s tax competitiveness." Key findings indicate the 2026 reform reduced the statewide tax burden by an estimated $1,463 per household over its first six years, while Iowa's 2023 reform, also ranked in the top five, reduced it by $952 per household over the same period.