Form 54-270 Community Housing Development Property Tax Exemption - Iowa

What Is Form 54-270?

This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 54-270?
A: Form 54-270 is the Community Housing Development Property Tax Exemption form in Iowa.

Q: What is the purpose of Form 54-270?
A: The purpose of Form 54-270 is to apply for a property tax exemption for community housing development projects in Iowa.

Q: Who is eligible for the property tax exemption?
A: Community housing development projects that meet certain criteria are eligible for the property tax exemption.

Q: What are the criteria for the property tax exemption?
A: Criteria for the property tax exemption include providing affordable housing, meeting development requirements, and obtaining certification from the Iowa Finance Authority.

Q: Is there a deadline for submitting Form 54-270?
A: Yes, Form 54-270 must be submitted to the county assessor's office by February 1st of the assessment year for which the exemption is being sought.

Q: Are there any fees associated with filing Form 54-270?
A: No, there are no fees associated with filing Form 54-270.

Q: What happens after I submit Form 54-270?
A: After you submit Form 54-270, the county assessor will review the application and determine if the property is eligible for the tax exemption.

Q: How long does the property tax exemption last?
A: The property tax exemption lasts for a period of ten years, subject to annual certification by the Iowa Finance Authority.