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SSB 3019

A bill for an act relating to real estate transfer tax, including declarations of value.

2025-2026 Regular Session

Iowa bill modifying real estate transfer tax and property value declaration requirements, with potential impacts on transaction costs and tax revenue collection.

Subcommittee: Bousselot, Blake, and Rowley.
#realestatetransfertaxes #realproperty
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Bill Summary · SSB 3019

Legislative bill overview

SSB 3019 relates to modifications of Iowa's real estate transfer tax and the declaration of value process required during property sales. The bill was recently introduced in the Iowa Senate and referred to the Judiciary Committee for initial review. Specific provisions are not yet detailed in available legislative records.

Why is this important

Real estate transfer taxes directly affect property transaction costs for buyers and sellers in Iowa. Changes to how property values are declared can impact tax revenue collection, administrative burden on real estate professionals, and ultimately the affordability of homeownership and commercial property transfers in the state.

Potential points of contention

  • Tax burden distribution: Whether modifications increase or decrease transfer tax liability, affecting different property types or buyer categories differently
  • Valuation methodology: How properties are appraised for tax purposes and whether new declaration requirements create compliance challenges for real estate agents and buyers
  • Revenue implications: The fiscal impact on state and local government budgets that depend on transfer tax revenue

Compiled from official sources — confirm details with the bill’s official record.

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