Lawmakers hope to find compromise over property taxes - KWWL - Eastern Iowa Breaking News, Weather, Closings

Lawmakers hope to find compromise over property taxes

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Republicans and Democrats in Des Moines say they're working on plans to reduce commercial property taxes.

Lawmakers are debating the issue Tuesday.

Both sides say it's important to lower commercial property taxes, since Iowa's are higher than neighboring states.

But big differences remain. Republicans are proposing to cut commercial property taxes by 40 percent during the next five years.

That plan would cost more than $800 million.

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