Form 54-018 Barn and One-Room School House Preservation Property Tax Exemption - Iowa

What Is Form 54-018?

This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 54-018?A: Form 54-018 is a form used to apply for a property tax exemption in Iowa for preserving barns and one-room schoolhouses.

Q: What is the purpose of the property tax exemption?A: The purpose of the property tax exemption is to encourage the preservation and maintenance of historic barns and one-room schoolhouses.

Q: Who is eligible for the property tax exemption?A: Property owners in Iowa who are actively preserving and maintaining a barn or one-room schoolhouse may be eligible for the tax exemption.

Q: How can I apply for the property tax exemption?A: You can apply for the property tax exemption by filling out Form 54-018 and submitting it to your local assessor's office.

Q: What documentation is required for the application?A: The application requires documentation such as photographs, construction plans, maintenance records, and evidence of historical significance.

Q: What are the benefits of the property tax exemption?A: The property tax exemption can provide a significant reduction in property taxes for eligible property owners in Iowa.

Q: Is there a deadline for applying?A: Yes, the deadline for submitting the application is January 1st of the year in which the exemption is sought.

Q: Are there any restrictions or conditions for the exemption?A: Yes, there are restrictions and conditions, such as the requirement to maintain the property and allow public access for educational purposes.

Q: Can I apply for the exemption for multiple properties?A: Yes, you can apply for the exemption for multiple barns or one-room schoolhouses that you own in Iowa.