House Republicans have released a property tax plan that includes the main element of the plan Governor Reynolds proposed a week ago — a two percent limit on property tax revenue growth. House Speaker Pat Grassley says that will provide certainty for the taxpayers. “If you set that number so high, you’re basically just continuing status quo,” Grassley said. “By putting a true two percent cap, (that’s) certainty for Iowans, also I think it will make our local governments become more efficient.” There would be limited exceptions for public school projects and new home construction — the same exceptions Reynolds included in her plan. UNLIKE the proposals from the governor and Senate Republicans, the plan from House Republicans does not target major property tax relief to older Iowans. Instead, it would give every homeowner a 25-thousand dollar exemption on their property.
