Exempted & Abated Taxes

The Cedar Falls tax structure is among the most favorable of Iowa’s 15 largest cities.  The city’s industrial and technology tax abatement program is designed to lower your property taxes over a five-year period, beginning with a 75% exemption the first year.  Iowa’s tax code is designed so your business pays no state income tax on profits from sales outside the state—this enables companies to deduct 50% of their federal corporate income tax when calculating taxable income from sales in Iowa.