H.F. 2208 Section 1. Section 441.21, subsection 14, Code 2026, is 1 amended by adding the following new paragraph: 2 NEW PARAGRAPH . 0d. Beginning with valuations established on 3 or after January 1, 2027, a single-family home that is owned by 4 the titleholder of more than ten single-family homes in Iowa 5 shall not be classified as residential property under this 6 subsection and shall be classified as commercial property. For 7 purposes of this paragraph, “single-family home” means a parcel 8 that is used or intended for human habitation containing one 9 dwelling unit. 10 EXPLANATION 11 The inclusion of this explanation does not constitute agreement with 12 the explanation’s substance by the members of the general assembly. 13 This bill prohibits single-family homes that are owned by 14 a titleholder of more than 10 single-family homes from being 15 classified as residential property for purposes of property 16 taxation. Instead, a single-family home that is owned by a 17 titleholder who owns more than 10 single-family homes shall be 18 classified as commercial for property tax purposes. The bill 19 defines “single-family home” to mean a parcel that is used or 20 intended for human habitation containing one dwelling unit. 21 -1- LSB 5763YH (2) 91 ms/md 1/ 1