IOWA DECLARATION OF VALUE FILING INSTRUCTIONS
Iowa law requires that a “Declaration of Value” statement
reflecting the full consideration paid in certain nonexempt real
estate conveyances be submitted to the county recorder at the
time a deed, contract, instrument, or other writing is presented
for recording. Part I of this form is the prescribed “Declaration of
Value” statement that must be completed by the buyer or seller
or either’s agent for nonexempt transactions.
THIS FORM DOES NOT HAVE TO BE COMPLETED FOR ANY
DOCUMENT PRESENTED FOR RECORDING WHICH CLEARLY
INDICATES ON SUCH DOCUMENT THAT IT IS AN EXEMPT
TRANSACTION. THE EXEMPTIONS ARE LISTED BELOW.
1. Any deed given in fulfillment of a recorded real estate contract
provided the deed has a notation that it is given in fulfillment of a
2. Any instrument of mortgage, mortgage assignment, mortgage
release, or mortgage satisfaction.
6. Any deed, instrument, or writing in which the State of Iowa or any
agency, instrumentality, or governmental or political subdivision
thereof is the grantor, assignor, transferor, or conveyer. Also, any
deed, instrument or writing in which any of such unit of government
is the grantee or assignee where there is no consideration.
7. Deeds for cemetery lots.
8. Deeds which secure a debt or other obligation, except those
included in the sale of real property.
9. Deeds for the release of a security interest in property excepting
those pertaining to the sale of real estate.
10. Deeds which, without additional consideration, confirm, correct,
modify, or supplement a deed previously recorded.
11. Deeds between husband and wife, or parent and child, without
actual consideration, or where the only consideration is cancellation
of indebtedness existing between these family members. However,
for this exemption to apply, the debt being cancelled cannot be
greater than the fair market value of the property being conv