As a businessman, David Greenspon owns four buildings in the Des Moines metro area and says he pays more than $387,000 a year in property taxes.
"They're expensive," said Greenspon, president of Competitive Edge Inc. in Urbandale, which manufactures promotional products. "When you pay a lot of tax, somebody else is paying it. It's going to cost my customers; it's going to cost me profits that I could put into hiring people."
Greenspon said he loves Iowa and has been in business here for 29 years. But he said the high taxes discourage businesses from locating in Iowa when they can find lower taxes elsewhere.
Employees are also affected. Greenspon said he's had a "relatively tight control on wages" for the past three years and hasn't been able to give the kind of pay raises, profit-sharing, and 401(k) contributions that he would have liked.
"I've got 150-plus employees," he said. "If you take a quarter-million dollars and give it back to me, I would distribute a big chunk of that in bonus checks. They'd have more money to spend, and their lives would be better."
Governor Terry Branstad and the Iowa legislature on January 9 renewed efforts to overhaul the state's property-tax system. If they can do it, it will be the first time in more than 30 years that property taxes have been reformed in the Hawkeye State.