The Iowa Methane Gas Conversion Property Tax Exemption Application provides tax relief for qualifying properties that convert methane gas into energy. This includes properties that use biogas, landfill gas, and other types of methane gas. The exemption applies to the value of the equipment used to convert the methane gas and the value of the land used in the conversion process. This exemption applies to both real and personal property. The two types of Iowa Methane Gas Conversion Property Tax Exemption Applications are a Standard Exemption and an Enhanced Exemption. The Standard Exemption applies to properties that convert methane gas into electricity, while the Enhanced Exemption applies to properties that convert methane gas into other forms of energy, such as heat or liquid fuels. Both applications require the property owner to provide detailed information about the project, including the type of methane gas being used, the equipment installed, and the estimated cost of the project.