Based upon experience through the last 30 years, the Gilbert City Council has found that an Urban Revitalization Plan and Property Exemption Ordinance granting property tax exemptions on qualified real estate has encouraged and will continue to encourage improvements, additions, and new construction in Gilbert, Iowa.
Gilbert's current tax exemption plan sunsets December 1, 2027.
Requirements for participation:
A) Effective Dates
Applications for tax exemptions may be made at the office of the City Clerk during normal business hours through and including December 1, 2027. After December 1, 2027, no further applications shall be accepted.
B) Qualified Real Estate
The "qualified real estate" is all of the real property within the corporate limits of the City of Gilbert.
C) Tax Exemption Schedule
Pursuant to section 404.3(5) of the Code of Iowa and in place of any exemption schedules provided for by state law, the City Council adopts tax exemption schedules for "qualified real estate" as follows: