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Assessor

Assessment Myths

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FAQ Details
FAQ's
Department: Assessor
Posted:  8/17/2004 4:53:00 PM

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QUESTION
What is the Family Farm Credit (State Code of Iowa 425A) and how do I qualify?

ANSWER
Qualification for the Family Farm Credit is determined on a case-by-case basis and is based on the relationship between the owner and participant.  Property must be qualified by June 30th of the year of application.  An owner/participant must sign application by November 1st of the year of application.

NOTE: The owner is responsible for notifying the assessor of changes in the Family Farm Credit application. Changes include, but are not limited to, adding or subtracting acres or a change of renters (non-family tenants do not qualify).


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