COMPILED CODE - Iowa Legislature - State of Iowa

301
Tit. XIV, Ch. 1. PROPERTY EXEMPT AND TAXABLE. § 4482.
TITLE XIV.
TAXATION.
CHAPTER 1.
PROPERTY EXEMPT AND TAXABLE.
SECTION 4482. Exemptions.
1 The following classes of property are not to be taxed :
2 1. The property of the United States and this state, including
3 university, agricultural college and school lands; the property of a
4 county, township, city, town or school district or militia company,
5 when devoted entirely to public use and not held for pecuniary profit ;
6 municipal, school, and drainage bonds or certificates hereafter issued
7 by any municipality, school district, drainage district or county within
8 the state of Iowa ; public grounds, including all places for the burial
9 of the dead, crematoriums, the land on which they are built and appur-
10 tenant thereto not exceeding one acre, so long as no dividends or profits
11 are derived therefrom ; fire engines and all implements for extinguish-
12 ing fires, with the grounds used exclusively for their buildings and
13 meetings of the fire companies ; no deduction from the assessment of
14 the stock of any bank or trust company shall be permitted because
15 of such bank or trust company holding such bonds and certificates as
16 may be exempted above.
17 2. All grounds and buildings used for public libraries, including
18 libraries owned and kept up by private individuals, associations or
19 corporations for public use and not for private profit, for cemetery
20 associations and societies, and for literary, scientific, charitable, be-
21 nevolent, agricultural and religious institutions, and societies devoted
22 solely to the appropriate objects of these institutions, not exceeding
23 one hundred sixty acres in extent, and not leased or otherwise used
24 with a view to pecuniary profit, but all deeds or leases by which such
25 property is held shall be filed for record before the property above
26 described shall be omitted from the assessment ; the books, papers and
27 apparatus belonging to the above institutions, used solely for the pur-
28 poses above contemplated, and the like property of students in any
29 such institution used for their education ; moneys and credits belong-
30 ing exclusively to such institutions, and devoted solely to sustaining
31 them, but not exceeding in amount or income the amount prescribed
32 by their charters or articles of incorporation ; real estate to the extent
33 of not to exceed one hundred sixty acres in any civil township, owned
34 by any educational institution of this state as a part of its endowment
35 fund, shall not be taxed.
36 3. The farm produce of the person assessed, harvested by or for
37 him, and all wool shorn from his sheep, within one year previous
38 to the listing ; all poultry, ten stands of bees, all swine and sheep under