HomeMy WebLinkAbout~Master - April 8, 2025, Special Meeting of the Ames City Council Agenda1.Public Hearing regarding Proposed Property Tax Levy for Fiscal Year July 1, 2025 - June 30,
2026
AGENDA
SPECIAL MEETING OF THE AMES CITY COUNCIL
COUNCIL CHAMBERS - CITY HALL
APRIL 8, 2025
NOTICE TO THE PUBLIC: The Mayor and City Council welcome comments from
the public during discussion. The Standards of Decorum, posted at the door and
available on the City website, define respectful conduct for public participation. If you
wish to speak, please fill out the form on the tablet outside the door to the Council
Chambers or scan the QR Code to the right to fill out the same form on a personal
device. When your name is called, please step to the microphone, state your name for
the record, and keep your comments brief so that others may have the opportunity to speak.
CALL TO ORDER: 5:15 p.m.
HEARINGS:
ADJOURNMENT:
Please note that this agenda may be changed up to 24 hours before the meeting time as provided
by Section 21.4(2), Code of Iowa.
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To:Mayor & City Council
From:Corey Goodenow, Finance Director
Date:April 8, 2025
Subject:FY 2025/26 Property Tax Levy
Item No. 1
MEMO
Iowa Code section 24.2A requires a public hearing on the proposed property tax
levy for the fiscal year beginning on July 1, 2025, and ending June 30, 2026. This
property tax levy hearing must occur before holding a hearing on the proposed
annual budget. This requirement, approved during the 2023 legislative session,
requires the property tax levy hearing to be the only item on the agenda.
Additionally, as part of the requirement, the Story County Auditor mailed individual
property tax notifications to property owners, including the date and time of the hearing.
The notice was also published in the Ames Tribune on March 25, 2024, and posted on the
City's website and social media accounts.
At the public hearing, any resident or taxpayer may present objections to, or arguments in
favor of, the proposed property tax levy. No action by the City Council is required
following the public hearing. The public hearing does not approve the fiscal year
July 1, 2025 - June 30, 2026 property tax levy. This action will take place with the
adoption of the budget on April 22, 2025.
ATTACHMENT(S):
COA Sample Property Tax Calculations.pdf
City Clerk's Office 515.239.5105 main
515.239.5142 fax
515 Clark Ave. P.O. Box 811
Ames, IA 50010
www.CityofAmes.org
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FY 2024/25 FY 2025/26 Dollar Percentage
Tax Levy Tax Levy Change Change
City Rate
Per $1,000 Taxable Valuation 10.09446 10.30432 0.20986 2.08%
Residential
100% Valuation 100,000.00$ 100,000.00$
Rollback Adjustment 46.3428%47.4316%
Taxable Value 46,342.80$ 47,431.60$
City Tax 467.81$ 488.75$ 20.94$ 4.48%
Commercial
100% Valuation 300,000.00$ 300,000.00$
Rollback Adjustment 90.0000%90.0000%
Taxable Value 204,514.20$ 206,147.40$
City Tax 2,064.46$ 2,124.21$ 59.75$ 2.89%
Industrial
100% Valuation 300,000.00$ 300,000.00$
Rollback Adjustment 90.0000%90.0000%
Taxable Value 204,514.20$ 206,147.40$
City Tax 2,064.46$ 2,124.21$ 59.75$ 2.89%
The calculations above are samples only. The exact amount of city taxes will be based on
specific valuation.
CITY OF AMES - SAMPLE TAX CALCULATIONS
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