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Inherent Ltd's Really Boring Iowa Probate Site:
Iowa Inheritance Tax Rate Tables
- If the estate of the decedent is less than $10,000, the tax is zero.
- Effective for deaths on or after January 1, 1988, the surviving spouse's share is not subject to tax.
- For deaths on or after July 1, 1997, no tax is due on the following shares: Parents, grandparents, great-grandparents, children, stepchildren, grandchildren, great-grandchildren, and other lineal ascendents and lineal descendants.
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Schedule B
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Brother, sister (including half-brother, half-sister), son-in-law, and daughter-in-law. There is no exemption.
If the share is:
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Over
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But Not Over
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Tax is
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Of Excess Over
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$0
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$12,500
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5%
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$0
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$12,500
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$25,000
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$625 + 6%
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$12,500
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$25,000
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$75,000
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$1,375 + 7%
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$25,000
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$75,000
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$100,000
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$4,875 + 8%
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$75,000
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$100,000
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$150,000
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$6,875 + 9%
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$100,000
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$150,000
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and up
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$11,375 + 10%
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$150,000
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Schedule C
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Uncle, aunt, niece, nephew, foster child, cousin, brother-in-law, sister-in-law, step-grandchild, and all other individual persons. There is no exemption.
If the share is:
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Over
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But Not Over
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Tax is
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Of Excess Over
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$0
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$50,000
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10%
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$0
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$50,000
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$100,000
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$5000 + 12%
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$50,000
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$100,000
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and up
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$11,000 + 15%
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$100,000
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Schedule D
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A firm, corporation, or society organized for profit, including an organization failing to qualify as a charitable, educational, or religious organization. There is no exemption.
If the share is:
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Over
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But Not Over
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Tax is
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Of Excess Over
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$0
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and up
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15%
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$0
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Schedule E
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A charitable, educational, or religious organization, organized under the law of a foreign country, and such organizations organized under the law of another state of the United States, which does not grant an exemption to a like Iowa organization, and bequests for religious services in excess of $500.00. There is no exemption.
If the share is:
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Over
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But Not Over
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Tax is
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Of Excess Over
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$0
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and up
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10%
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$0
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Schedule F
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Unknown heirs, as distinguished from beneficiaries who are not presently ascertainable, due to contingent events. There is no exemption.
If the share is:
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Over
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But Not Over
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Tax is
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Of Excess Over
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$0
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and up
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5%
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$0
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Schedule G
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A charitable, religious, educational, and veterans organization organized under the laws of the State of Iowa, and also those organized under the laws of the other states of the United States of America, if that state grants a reciprocal exemption to like Iowa organizations. Public Libraries, public art galleries, hospitals, humane societies, municipal corporations, and bequests for care of cemetery lots, within the state of Iowa. Bequests for religious services not in excess of $500.00
Entirely exempt: No Tax.
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