Homestead Exemption for 65 Years of Age or Older

Legislation was passed and enacted during the 2023 legislative session to include an additional exemption for homeowners 65 year of age or older. The additional exemption removes $3,250 from your taxable value for the 2023 assessment year and $6,500 for the assessment year 2024 and thereafter.

Eligibility: Must own and occupy the property as a homestead on July 1^st of each year, declare residency in Iowa for income tax purposes, and occupy the property for at least six months each year. Persons in the military or nursing homes who do not occupy the home are also eligible. You must have turned 65 years of age by January 1^st of the assessment year. 

The annual deadline to apply is July 1^st of the assessment year. If the exemption is granted, the exemption will be allowed for future years without future filing if the claimant continues to qualify.

The exemption is in addition to the homestead credit.  For applications received by July 1, 2024, the exemption will be applied to the 2024 assessment and taxes payable 2025/2026.

Application forms can be found under the forms button of the website or by visiting the Floyd County Assessor’s Office. You may contact us by phone at (641) 257-6152 or by email at bschmidt@floydcoia.org if you have any questions.

Maps and features on this website are representation of original data sources, and do not replace or modify land surveys, deeds or other legal instruments defining land ownership or use.  Maps are for reference only and should not be relied upon for property boundaries.