DES MOINES, Iowa — More than two weeks have passed on the release of a massive piece of policy that looks to completely overhaul the state’s property tax system.

The bill will save Iowa taxpayers $400 million in the state taking over a greater share of local taxes paid to school districts, according to the bill sponsors. The legislation implements a 2% revenue restriction, $25,000 homestead tax credit, and gives seniors a property tax freeze if they make less than a certain income threshold. Most notably, the bill aims to lower tax levies by phasing out a rollback system, over several years, which hasn’t been updated since 1977.

While the bill is ambitious, the leader of the House Republican caucus said it was too early to say if this can be passed in this session.

“I think it’s too early to make any determination. We would like to make some progress obviously, but I don’t think anyone thinks that a system of this magnitude can just be fixed over the course of a couple weeks,” said Speaker of the Iowa House Pat Grassley (R) District 57, from New Hartford. “So we’re not going to make any commitments as far as what the entirety looks like. If further conversations have to go on in the next year I think we’d be open to that. But we also just don’t want to just because something’s hard, just throw our hands up either.”

Speaker Grassley said that feedback is coming in, and he has been meeting with the bill sponsor in the chamber, Rep. Bobby Kaufmann (R), District 82 from Wilton, to make sure that Iowans are having input on the massive bill. With the nature of the changes the bill makes, Grassley added that the caucus will not rush anything forward.

Democratic leadership in both chambers say that members of the public have been reaching out to them as well, including local governments, to share their thoughts on the proposed changes.

“We’re starting to hear back from some constituents. Concerns about whether or not, for example, the current software system would be able to handle it. Concerns about what you’re going to do if you have multiple different rollbacks and I keep encouraging everybody who talks to me to speak directly to the bill’s author so they can try and get perhaps some changes made to it,” said Senate Minority Leader Janice Weiner (D) District 45, from Iowa City.

“We have seen folks who are just pretty skeptical about what will happen and if their property tax bills will go down. We’ve had property tax reform for several years, people’s rates are still going up,” said House Minority Leader Jennifer Konfrst (D) District 32 from Windsor Heights. “So they’re pretty skeptical about what the actual impact will be, and frankly what the final legislation will look like.”

Both Sen. Dan Dawson (R) District 10, from Council Bluffs and Rep. Kaufmann said when the bill was released, that most likely changes will occur as feedback from different areas of the state comes in.