| 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: |
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| 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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