Most property owners, including owners of residential and commercial property, in Iowa pay property taxes based on a reduction of their property valuation. This assessment limitation is known as a “rollback,” and you can see the history of Iowa’s rollbacks here.
Iowa’s rollback for residential property (your home) overall has been trending up (see red line in chart below) in recent years. If this trend continues, you will be taxed on a greater percentage of your property and will pay more property taxes even were your property value and tax rates to stay flat and not increase. This news is not good for homeowners.