| Code & Rules | Requirements | Application | Opinion | Impact |
|---|---|---|---|---|
| 427B.26 | City or County Ordinance Before first assessed. |
To Assessor by Feb. 1 year first assessed. | Links to
letter to assessors and question and answer document |
Assessment % age of cost
Year 1 - 0 Year 2 – 5% Year 3 – 10% Year 4 – 15% Year 5 – 20% Year 6 – 25% Years 7> – 30% |
| 441.21 (8)b.c. | Energy produced primarily for storage or point of use; built after January 1, 1978. | None. | Likely methodology for wind towers built just to support a single operation. | Assessment % age of cost
Year 1-5 – 0% Year 6> – Market |
| 441.21 | Doesn't fit into any other category. | None. | Assessment at market value. | |
| 476B | Large projects. Electricity sold on grid, not assessed under any other section of Code. |
Approval from Iowa Commerce Utility Board. Application by owner. |
There are 2 projects proposed that are not operational. The real estate is centrally assessed for 12 years and the tax that is generated goes to state coffers. |
Assessment at market value, an income tax credit is available for 12 years at rate of 1 cent per kilowatt hour. |
| 476C | Maximum 51% of ownership resident of state or ownership defined in 476C.1 Ss 6 b., generally smaller facilities. Most facilities 2 - 2 ½ megawatt capacity. | Approval from Iowa Commerce Utility Board. |
70 + facilities | Locally Assessed. Credit is available at rate of 1 ½ cent per kilowatt hour the credit is available on income tax or replacement or it may be applied to the sales and use tax. |
