701—104.5(425) Multidwelling. A multidwelling is a structure which houses more than one homestead. This includes, but is not limited to: apartment buildings, duplexes, condominiums, town houses, nursing homes and rooming houses.
A claimant owning a multidwelling whose homestead is a portion of the multidwelling is entitled to a credit for only that portion of the property tax due attributable to the homestead.
This calculation of the credit or reimbursement is to be performed the same as for a multipurpose building as described in rule 701—104.4(425).
This rule is intended to implement Iowa Code section 425.17(8).
[Editorial change: IAC Supplement 11/2/22; Editorial change: IAC Supplement 10/18/23]