HomeMy WebLinkAboutMaximum Levy Hearing Notice 20231/25/23, 11:54 AM Local Government Property Valuation System
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NOTICE OF PUBLIC HEARING - CITY OF IOWA CITY - PROPOSED PROPERTY TAX LEVY
Fiscal Year July 1, 2023 - June 30, 2024
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date: 2/21/2023 Meeting Time: 06:00 PM Meeting Location: 410 E. Washington St., Emma Harvat Hall
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After adoption of the proposed tax levy, the CityCouncil will publish notice and hold a hearing on the proposed city budget.
City Website (if available)
icgov.org City Telephone Number
(319) 356-5050
Current Year CertifiedProperty Tax 2022 - 2023 Budget Year EffectiveProperty Tax 2023 - 2024 Budget Year Proposed MaximumProperty Tax 2023 - 2024 Annual %CHG
Regular Taxable Valuation 4,241,061,964 4,337,961,307 4,337,961,307
Tax Levies:
Regular General 34,352,601 34,352,601 35,137,487
Contract for Use of Bridge 0
Opr & Maint Publicly Owned Transit 4,029,009 4,029,009 4,121,063
Rent, Ins. Maint. Of Non-Owned Civ. Ctr.0
Opr & Maint of City-Owned Civic Center 0
Planning a Sanitary Disposal Project 0
Liability, Property & Self-Insurance Costs 1,231,774 1,231,774 1,259,917
Support of Local Emer. Mgmt. Commission 0
Emergency 848,212 848,212 867,592
Police & Fire Retirement 3,978,964 3,978,964 4,069,876
FICA & IPERS 3,864,074 3,864,074 3,952,360
Other Employee Benefits 6,339,709 6,339,709 6,484,558
Total Tax Levy 54,644,343 54,644,343 55,892,853 2.28
Tax Rate 12.88459 12.59678 12.88459
Explanation of significant increases in the budget:
Property Tax askings for fiscal year 2024 are 2.28% higher than those of fiscal year 2023. Health insurance increase was 10% and inflationary increases in fuel, suppliesand materials.
If applicable, the above notice also available online at:
icgov.org
*Total city tax rate will also include voted general fund levy, debt service levy, and capital improvement reserve levy.**Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming budget year
1/25/23, 11:54 AM Local Government Property Valuation System
https://dom-localgov.iowa.gov/budget-renderer?id=14282 2/2