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HomeMy Public PortalAboutFY23 Max Levy Public Notice1/27/22, 11:25 AIM Local Government Property Valuation System NOTICE OF PUBLIC HEARING - CITY OF RIVERDALE - PROPOSED PROPERTY TAX LEVY Fiscal Year July 1, 2022 - June 30, 2023 The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows: Meeting Date: 2/8/2022 Meeting Time: 06:30 PM Meeting Location: City of Riverdale City Hall 110 Manor Dr. Riverdale, IA 52722 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) www.riverdaleia.org Current Year Certified Property Tax 2021- 2022 Budget Year Effective Property Tax 2022 - 2023 Budget Year Proposed Maximum Property Tax 2022 - 2023 Annual % CIIG Regular Taxable Valuation 72,642,904 77,957,094 77,957,094 Tax Levies: Regular General 316,261 316,261 631,400 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 0 100 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 316,261 316,261 631,500 99.67 Tax Rate 4.35364 4.05686 8.10061 City Telephone Number (563) 355-2511 Explanation of significant increases in the budget: City is considering adding a full time maintenance worker, And, has scheduled various capital projects for FY23. If applicable, the above notice also available online at: www.riverdaleia.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 httpsaldom-localgov.iowa,govlbudget-renderer?id=11174 1/2