DES MOINES, Iowa — A new report released by the State Auditor’s Office on Tuesday shows that lower income Iowans pay more in property taxes.
Auditor Rob Sand said his office found working and middle class Iowans pay a higher rate on their property taxes than higher income earners. According to the report, for every thousand dollar increase in income there’s about a ten percent decline in the property tax rate.
Sand said their findings show that Iowa has a regressive tax rate and it’s not fair to Iowans.
“Fairness and taxation is a big issue,” Sand said. “And knowing that now, as we have now proven, that lower income and middle income, middle class Iowans pay a higher rate on their taxes per $1,000 evaluation than wealthy Iowans. That’s an important consideration for policymakers to take into effect as they’re looking at potential property tax reforms.”
You can view the entire State Auditor’s Office report below: