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The original item was published from 2/3/2021 2:10:19 PM to 2/17/2021 12:00:01 AM.

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Notices

Posted on: February 3, 2021

[ARCHIVED] Notice of Public Hearing - Fort Madison Proposed Property Tax Maximum Levy

Fiscal Year July 1, 2021 - June 30, 2022

The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:

Meeting Date: 2/16/2021 Meeting Time: 05:30 PM Meeting Location: COVID-19 restrictions can change and can limit the size of gatherings. Persons interested in participating may appear either in person at 811 Ave E, or through their computer: https://us02web.zoom.us/j/88085274815.

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 City Council will publish notice and hold a hearing on the proposed city budget.


 
City Website: fortmadison-ia.com

City Telephone Number (319) 372-7700 ext: 205

 


 

Current Year Certified Property Tax 2020 - 2021

Budget Year Effective Property Tax 2021 - 2022

Budget Year Proposed Maximum Property Tax 2021 - 2022

Annual % CHG

Regular Taxable Valuation

305,973,711

307,499,877

307,499,877

 

Tax Levies:

 

 

 

 

Regular General

2,478,387

2,478,387

2,490,749

 

Contract for Use of Bridge

0

0

0

 

Opr & Maint Publicly Owned Transit

0

0

0

 

Rent, Ins. Maint. Of Non-Owned Civ. Ctr.

0

0

0

 

Opr & Maint of City-Owned Civic Center

0

0

0

 

Planning a Sanitary Disposal Project

0

0

0

 

Liability, Property & Self-Insurance Costs

76,000

76,000

70,000

 

Support of Local Emer. Mgmt. Commission

5,500

5,500

0

 

Emergency

82,611

82,611

83,025

 

Police & Fire Retirement

566,480

566,480

622,410

 

FICA & IPERS

904,510

904,510

215,280

 

Other Employee Benefits

0

0

640,000

 

Total Tax Levy

4,113,488

4,113,488

4,121,464

0.19

Tax Rate

13.44393

13.37720

13.40314

 

Explanation of significant increases in the budget:

There will be a decrease of $.04079 in the tax levy without the debt service levy and and decrease of $.00341 with the debt service levy

If applicable, the above notice also available online at:

-

*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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