Iowa Admin. Code r. 701-73.5
Current through Regsiter Vol. 46, No. 26, June 12, 2024
A multidwelling is a structure which houses more than one homestead. This includes, but is not limited to: apartment buildings, duplexes, condominiums, town houses, nursing homes and rooming houses.
A claimant owning a multidwelling whose homestead is a portion of the multidwelling is entitled to a credit for only that portion of the property tax due attributable to the homestead.
This calculation of the credit or reimbursement is to be performed the same as for a multipurpose building as described in rule 73.4(425).
This rule is intended to implement Iowa Code section 42517(8)..
Iowa Admin. Code r. 701-73.5