Radio Iowa: Four years from now, telephone companies and cable companies will pay about $30 million less in Iowa property taxes as a result of legislation Gov. Kim Reynolds has approved. Buildings and cell towers will remain subject to local property tax assessments, but property taxes on “transmission equipment” like wires, cables and fiber will be phased out. Republican Rep. Chip Baltimore of Boone said that brings property taxation on telecommunications companies in line with how other commercial property is taxed.