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The original item was published from 2/5/2020 9:28:00 AM to 2/5/2020 9:34:25 AM.

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Posted on: February 4, 2020

[ARCHIVED] Fort Madison Public Hearing on Proposed Property Tax Levy

CITY NAME NOTICE OF PUBLIC HEARING -PROPOSED PROPERTY TAX LEVY CITY CODE
FORT MADISON Fiscal Year July 1, 2020 - June 30, 2021 56-530
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date: Meeting Time: Meeting Location:
2/18/2020 5:30 PM City Council Chambers, 811 Ave E, Fort Madison, IA 
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 Council will publish notice and hold a hearing on the proposed city budget.
City Web Site (if available): City Telephone Number:
fortmadison-ia.com 319/372-7700
Iowa Department of Management   Current Year Certified Property Tax Budget Year Effective Property Tax Budget Year Proposed Maximum Property Tax Annual
    2019/2020 2020/2021** 2020/2021 % CHG
Regular Taxable Valuation 1 297,348,874 305,973,711 305,973,711  
Tax Levies:



 
Regular General 2 $2,408,526 $2,408,526 $2,478,387  
Contract for Use of Bridge 3 $0 $0 $0  
Opr & Maint Publicly Owned Transit 4 $0 $0 $0  
Rent, Ins. Maint. Of Non-Owned Civ. Ctr. 5 $0 $0 $0  
Opr & Maint of City-Owned Civic Center 6 $0 $0 $0  
Planning a Sanitary Disposal Project 7 $0 $0 $0  
Liability, Property & Self-Insurance Costs 8 $76,000 $76,000 $76,000  
Support of Local Emer. Mgmt. Commission 9 $9,660 $9,660 $5,500  
Emergency 10 $80,284 $80,284 $82,611  
Police & Fire Retirement 11 $534,940 $534,940 $566,480  
FICA & IPERS 12 $949,080 $949,080 $904,510  
Other Employee Benefits 13 $0 $0 $0  
*Total 384.15A Maximum Tax Levy 14 $4,058,490 $4,058,490 $4,113,488 1.36%
Calculated 384.15A MaximumTax Rate 15 $13.64892 $13.26418 $13.44393  
Explanation of significant increases in the budget:
0
If applicable, the above notice also available online at:



0
  *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












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