This bill amends Section 445.32 of the Iowa Code to clarify the tax and special assessment collection procedures for buildings or improvements erected on land owned by another person. It introduces a new structure that differentiates between buildings or improvements based on their actual value and whether they are residential. Specifically, if the actual value is less than $20,000 or if the building is not residential, the taxes remain a lien on the property until paid. Conversely, for buildings or improvements valued at $20,000 or more that are residential, the same lien applies, and the county treasurer is authorized to collect delinquent taxes through established procedures.

Additionally, the bill allows for the collection of principal and interest due from special assessments on residential buildings or improvements valued at $20,000 or more, which was previously prohibited. It also mandates that the county treasurer must notify the owner of the land prior to initiating tax collection procedures for any delinquent taxes related to the building or improvement. This change aims to ensure that tax collection processes are clear and that landowners are informed of any actions taken regarding their property.

Statutes affected:
Introduced: 445.32