Iowa Application for Family Farm Property Tax Credit

Application for Family Farm Property Tax Credit
Family Farm Tax Credit, 54-023
Family Farm Tax Credit

Iowa Code chapter 425A and Iowa Administrative Code section 701 – 110.11
This application must be filed or postmarked to your city or county assessor on or before November 1.
Upon filing and allowance of the claim, the claim is allowed for successive years without further filing
as long as the person qualifies for the credit. An application filed or postmarked after November 1 will
be considered as an application for the following year. Contact information for all assessors can be
found at the Iowa State Association of Assessors website: iowa-assessors.org.
Print applicant information
Name: ___________________________________________________________________________
Applicant mailing address: ___________________________________________________________
City: ______________________________________ State: _____________ ZIP: _______________
Phone: _________________________ Email: __________________________________________
Relationship to owner: ______________________________________________________________
Select form of ownership:

Partnership: ☐

Family Farm Limited Liability Company : ☐
Authorized Limited Liability Company: ☐

Property owners:

Sole Proprietorship:
Family Farm Corporation:

☐
☐

Authorized Farm Corporation: ☐

Name: ____________________________________ Ownership share: _____________________ %
Property owner mailing address: ______________________________________________________
City: ______________________________________ State: _____________ ZIP: _______________
Relationship of owners: _____________________________________________________________
Name: ____________________________________ Ownership share: _____________________ %
Property owner mailing address: ______________________________________________________
City: ______________________________________ State: _____________ ZIP: _______________
Relationship of owners: _____________________________________________________________
Name: ____________________________________ Ownership share: _____________________ %
Property owner mailing address: ______________________________________________________
City: ______________________________________ State: _____________ ZIP: _______________
Relationship of owners: _____________________________________________________________
Designated person actively engaged in farming: The designated person must be personally involved in
the production of crops or livestock on the eligible tracts on a regular, continuous, and substantial basis
(see instructions): __________________________________________________________________
Relationship of designated person to owner of property: ____________________________________

54-023a (10/24/2021)

Family Farm Tax Credit page 2
Is the tract leased or rented under a cash or crop share agreement?

Yes ☐

No ☐

If leased, what is the relationship of the lessee to the owner of the tract? _______________________
Parcel number: ______________________________ Acres: ________________________________
Legal description: __________________________________________________________________
________________________________________________________________________________
Parcel number: ______________________________ Acres: ________________________________
Legal description: __________________________________________________________________
________________________________________________________________________________
Parcel number: ______________________________ Acres: ________________________________
Legal description: __________________________________________________________________
________________________________________________________________________________
Parcel number: ______________________________ Acres: ________________________________
Legal description: __________________________________________________________________
________________________________________________________________________________
Parcel number: ______________________________ Acres: ________________________________
Legal description: __________________________________________________________________
________________________________________________________________________________
Attach additional pages if necessary.
All of the above parcels are eligible tracts of agricultural land as described in Iowa Code section
425A.2(5). Yes ☐
No ☐
I, the undersigned, declare under penalties of perjury or false certificate, that I have examined this
claim, and, to the best of my knowledge and belief, it is true, correct, and complete.
Applicant signature: _________________________________________ Date: __________________
ASSESSOR USE ONLY
Received by: _______________________________________________ Date: __________________
I recommend that the application be:

Allowed: ☐

Disallowed: ☐

Signature: _________________________________________________ Date: __________________
BOARD OF SUPERVISORS USE ONLY
Board of supervisors:
The claim is:
Allowed: ☐

Disallowed: ☐

Signature: _________________________________________________ Date: _________________

54-023b (08/31/2021)

Family Farm Tax Credit Instructions
An eligible tract of agricultural land qualifies for the Family Farm Tax Credit if the tract is owned by an
owner, as defined in section 425A.2, and a designated person is actively engaged in farming during
the fiscal year preceding the fiscal year in which the auditor computes the amount of the credit under
section 425A.5 for which the tract would be eligible. Notwithstanding the foregoing sentence, the
“actively engaged in farming” requirement is satisfied if the designated person is in general control of
the tract under a federal program pertaining to agricultural land.
Actively engaged in farming means the same as Iowa Code section 425A.2(1).
Agricultural land means the same as Iowa Code section 425A.2(2).
Designated person means the same as Iowa Code section 425A.2(4).
Eligible tract or eligible tract of agricultural land means the same as Iowa Code section 425A.2(5).
Owner means the same as Iowa Code section 425A.2(6).
The ownership criteria must be met on June 30 of the fiscal year prior to the fiscal year in which the
application for credit is filed. For example, the ownership criteria must be met on June 30, 2021, for
applications due November 1, 2021.
See Iowa Admin. Code r. 701—110.11(1)(d) for examples illustrating family farm tax credit eligibility
under various circumstances.
In the case where the owner remains the same but the person who is actively engaged in farming
changes, the owner shall refile for the credit. The owner shall provide written notice if the person actively
engaged in farming changes. A person who fails to notify the assessor of a change in the person who
is actively engaged in farming the tract for which the credit under section 425A.3 is allowed shall be
liable for the amount of the credit plus a penalty equal to five percent of the amount of the credit.

54-023c (10/24/2022)