# Iowa — Real estate transfer tax by state: rate, who pays, brackets and first-time buyer relief

For Iowa, tax name is REAL ESTATE TRANSFER TAX; state rate is the tax is eighty cents for each five hundred dollars or fractional part of five hundred dollars in excess of five hundred dollars; minimum or exemption floor is When there is no consideration or when the deed, instrument, or writing is executed and tendered for recording as an instrument corrective of title, and so states, there is no tax; citation is §428A.1, verified against its source on 2026-08-31.

- **State:** Iowa _(our reading, not quoted from the source)_
- **Tax name:** REAL ESTATE TRANSFER TAX _(verified: appears in the quote below)_
- **State rate:** the tax is eighty cents for each five hundred dollars or fractional part of five hundred dollars in excess of five hundred dollars _(verified: appears in the quote below)_
- **Minimum or exemption floor:** When there is no consideration or when the deed, instrument, or writing is executed and tendered for recording as an instrument corrective of title, and so states, there is no tax. _(verified: appears in the quote below)_
- **Citation:** §428A.1 _(verified: appears in the quote below)_

## What the source says

> REAL ESTATE TRANSFER TAX, §428A.1 428A.1 Amount of tax on transfers — declaration of value. 1. a. There is imposed on each deed, instrument, or writing by which any lands, tenements, or other realty in this state are granted, assigned, transferred, or otherwise conveyed, a tax determined in the following manner: (1) When there is no consideration or when the deed, instrument, or writing is executed and tendered for recording as an instrument corrective of title, and so states, there is no tax. (2) When there is consideration and the actual market value of the real property transferred is in excess of five hundred dollars, the tax is eighty cents for each five hundred dollars or fractional part of five hundred dollars in excess of five hundred dollars.

## Source

- https://www.legis.iowa.gov/docs/code/428A.1.pdf

Last verified: 2026-08-31. Review by: 2027-08-31.
Part of [Real estate transfer tax by state: rate, who pays, brackets and first-time buyer relief](https://referencesource.org/state-real-estate-transfer-tax/).