The Mythical Property Tax Cap

The real cause of Iowa’s high property taxes isn’t rising assessments—it’s unchecked local government spending. HF 718 was a start, but stronger reforms are needed to protect taxpayers and ensure sustainable growth.
State Income Tax Reform Continues in 2025

High inflation, national economic uncertainty, and slowing state revenue might lead some observers to assume state income tax reform will slow down. However, as legislatures reconvene across the nation, several have begun consideration of significant income tax reforms.
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About ITR Foundation
Let’s be honest, big government is big bureaucracy, and common sense tells us big bureaucracy is ineffective. That’s why ITR Foundation works to:
- Research principled solutions
- Educate Iowans about our solutions
- Activate Iowans in support of our solutions
By applying the principles of limited government, free enterprise, and the rule of law to public policy, we can ensure all Iowans will have the opportunity to succeed.
Making a Difference
ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa:
- Increased property tax transparency and spending restraint
- A 3.8% flat individual income tax rate by 2025
- Elimination of income taxes on retirement income
- Elimination of inheritance tax
- Creating a path to reduce corporate income tax to 5.5%
- Phasing-out special tax incentives in the corporate tax code
- Banning local universal basic income programs
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