Upon the determination of a prior estate or interest, when the remainder or deferred estate
or interest or a part of it is subject to tax and the tax upon the remainder or deferred interest
has not been paid, the persons entitled to the remainder or deferred interest shall immediately
report to the department of revenue the fact of the determination of the prior estate, and upon
receipt of the report, or upon information from any source, of the determination of a prior
estate when the remainder interest has not been valued for the purpose of assessing tax,
the property shall be valued as provided in like cases in section 450.44 and the tax upon the
remainder interest shall be paid by the person who owns the remainder interest on or before
the last day of the ninth month after the determination of the prior estate. If the tax is not
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Tue Dec 09 22:11:09 2025 Iowa Code 2026, Chapter 450 (43, 1)
§450.46, INHERITANCE TAX 14\n\npaid within this time the court shall then order the property, or as much as necessary to pay
the tax, penalty, and interest, to be sold.
[S13, §1481-a11; C24, 27, 31, 35, 39, §7351; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§450.46; 81 Acts, ch 147, §9, 20]
83 Acts, ch 177, §18, 38; 84 Acts, ch 1240, §6; 2003 Acts, ch 145, §286
Referred to in §450.3, 450.44
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Notes of Decisions
In Re Millard's Est., 105 N.W.2d 95 (Iowa 1960).
· cites it 8× “"The words in section 450.46 `when the remainder interest has not been appraised for the purpose of assessing such tax' cannot refer to the original appraisal of all of the property at the beginning of the estate.”
In re Est. of Wickham, 40 N.W.2d 469 (Iowa 1950).
· cites it 6× “such estate for life or years, shall be appraised at its then actual market value from whieh shall be deducted the value of any improvements thereon,- or betterments thereto, if any, made by the remainderman during *200 the time of the prior estate, to be ascertained and…”
Union Bank & Trust Co. v. Iowa State Tax Comm'n, 105 N.W.2d 95 (Iowa 1960).
· cites it 6× “*1289 “The words in section 450.46 ‘when the remainder interest has not been appraised for the purpose of assessing such tax’ cannot refer to the original appraisal of all of the property at the beginning of the estate.”
Sinclair v. Iowa Dep't of Revenue, 201 N.W.2d 77 (Iowa 1972).
· cites it 2× “Section 450.46, The Code. When the life tenant died, on March 25, 1970, the deferred interest was reported to the department as real estate.”
Schnepp v. Iowa State Tax Comm'n, 138 N.W.2d 886 (Iowa 1965).
· cites it 2× “This is the procedure outlined in section 450.46. However, the alienability of property would be severely restricted as it would be incumbered by a lien for the unpaid inheritance tax.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.