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HomeMy Public PortalAboutFY24 Max Levy Hearing Notice1/20/23, 9:08 AM Local Government Property Valuation System https://dom-localgov.iowa.gov/budget-renderer?id=14731 1/2 NOTICE OF PUBLIC HEARING - CITY OF RIVERDALE - 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: 2/14/2023 Meeting Time: 05:30 PM Meeting Location: Riverdale City Hall, 110 Manor Drive 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 (if available) riverdaleia.org City Telephone Number (563) 355-2511 Current Year Certified Property Tax 2022 - 2023 Budget Year Effective Property Tax 2023 - 2024 Budget Year Proposed Maximum Property Tax 2023 - 2024 Annual % CHG Regular Taxable Valuation 77,957,094 75,882,290 75,882,290 Tax Levies: Regular General 386,693 386,693 563,426 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 0 0 0 Support of Local Emer. Mgmt. Commission 0 0 0 Emergency 0 0 0 Police & Fire Retirement 0 0 0 FICA & IPERS 0 0 0 Other Employee Benefits 0 0 0 Total Tax Levy 386,693 386,693 563,426 45.7 Tax Rate 4.96033 5.09596 7.42500 Explanation of significant increases in the budget: Levy adjustment to appropriately fund operations and capital needs. 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 1/20/23, 9:08 AM Local Government Property Valuation System https://dom-localgov.iowa.gov/budget-renderer?id=14731 2/2