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HomeMy WebLinkAboutA001 - Council Action Form dated February 24, 2026ITEM #:24 DATE:02-24-26 DEPT:P&H SUBJECT:ANNUAL TAX ABATEMENT CERTIFICATION COUNCIL ACTION FORM BACKGROUND: The City Council has established Urban Revitalization Areas (URAs) which allow for the granting of tax exemption for the increased valuation of a property for projects that meet the criteria of each URA’s Urban Revitalization Plan. Every year, owners who have made improvements to property within the City’s URAs during the previous year may apply for tax exemption on the incremental added value of their properties, subject to the criteria of a URA Plan. The City Council must determine if the completed improvements meet the criteria in the Urban Revitalization Plan for the URA in which the property is located. If the City Council finds that the criteria are met, this approval is forwarded to the City Assessor, who then reviews each request and determines the amount of the exemption based on the increase in incremental valuation. All of the applications in this report submitted for approval for 2025 improvements are related to the City-wide URA for ownership housing. (An additional application for URA tax abatement is the subject of another report on this agenda.) This year is the second year that new construction of single-family ownership housing is eligible for partial of full property tax abatement on the first $500,000 of value added after April 26, 2024, as part of the Citywide URA that was approved by Council in 2024. Eligible properties can take advantage of a 5-year sliding scale of partial abatement. City Council initiated the City-wide URA in response the low number of housing starts in 2023, with only 61 building permits issued for single-family homes. The following table outlines the housing starts over the past several years. Housing Starts: Year Total for Year 2023 61 2024 59 2025 68 To apply for tax abatement the home must have had improvements completed after April 26, 2024. Improvements completed before April 26, 2024, are ineligible for tax abatement. Staff mailed notices known property owners that had not yet filed applications and might have qualified for tax abatement as ownership housing. By February 1, 2025, the City received 25 applications. By February 1, 2026, staff received 53 applications by the filing deadline, for this tax year (2026). Of those 53 applications, 48 were for single-family homes completed in 2025 and 5 were for homes completed in 2024. Of the 53 applications, 9 were for partial improvements for homes started before April 26, 2024, and 44 were for full new construction started after April 26, 2024. Attached to this report is list of address and the type of improvements eligible for abatement. 1 Current Applications Received: Home Completed in: Partial (construction began prior to April 26, 2024) Full (construction began after April 26, 2024) Total 2024 4 1 5 2025 5 43 (including 1 ineligible)48 Total 9 44 (including 1 ineligible)53 One of the applications, 2113 Ada Hayden Road, is ineligible as the property is not owner-occupied. This brings the total number of eligible applications to 52. Note that any owners who did not file for abatement this year may still be eligible to file for abatement in 2026 if it is within two years of the first tax year having an improvement value. Based upon values stated in the applications for both partial and full improvements, at least $20.6 million of improvement value is eligible for abatement. (Staff is still awaiting final claimed improvement value/cost information on three applications.) The final amount will likely be less with the final review of partial improvement value claims. The average new improvement value claimed was $421,000 after adjusting for the $500,000 maximum cap on value. The most difficult evaluation of the applications has been the value of partial improvement s and timing of ownership of the housing to meet the eligibility criteria. City Council is not determining the value of partial improvements with certification of eligibility. After conferring with the City Assessor, the City Assessor will determine the value of improvements as is normally the case for tax abatement eligibility. The Assessor visited buildings that were in progress near the April 26, 2024, date of eligibility and documented the status of those homes. They will compare their records with stated values of applications to make a determination of eligible abatement value. In any event, the maximum abatement value is $500,000. The second issue is the final determination related to ownership as a primary residence. A handful of applications were submitted for improvements that received final approvals in early January and under the ownership of the primary residence at the time they filed the application for the improvements. Staff believes these applications can be certified as meeting the criteria because they are owner occupied at the time of filing the application. ALTERNATIVES: 1. Resolution approving the following: a. Certify 52 property tax abatement applications as listed in the attachment as meeting the eligibility requirements of the City-wide URA. b. Determine 2113 Ada Hayden Road does not meet the eligibility requirements of being owner occupied. 2 c. Submit the applications to the City Assessor for a determination of improvement value. 2. Approve a certification of a different number of applications by specifying those that meet the City-wide URA eligibility requirements. CITY MANAGER'S RECOMMENDED ACTION: Staff has examined the applications submitted by February 1, 2026, and has found that 52 of the 53 requests for the completed projects substantially conform to criteria of the City-wide URA. All of the applications are eligible for a 5-year sliding scale of partial or full property tax abatement of Year 1-100%; Year 2-80%; Year 3-60%; Year 4-40%; Year 5- 20% based upon the final determination of improvement value by the City Assessor. Therefore, it is the recommendation of the City manager that the City Council approve Alternative #1A-B. ATTACHMENT(S): Applications Submitted by February 1, 2026.pdf 3 ADDRESS ISSUED DATE FINALED DATE OWNER TAX YEAR REQUESTED PARTIAL OR FULL IMPORVEMENT VALUE CLAIMED MAXIMUM ALLOWED NOTES 2018 AIKMAN DR Ames, IA 50010 9/14/2023 6/12/2024 NEIL BRUNS 2026 PARTIAL $63,750 $63,750 Finaled in 2024, turned in application in 2025 1401 ADA HAYDEN RD Ames, IA 50010 9/27/2023 9/23/2024 JAMES & SUMMAR KNEEDLER 2026 PARTIAL $166,162 $166,162 Finaled in 2024, turned in application in 2025 4725 EVEREST AVE Ames, IA 50014 4/4/2024 10/29/2024 JOHN & VICKIE SANDVE 2026 PARTIAL $416,200 $416,200 Finaled in 2024, turned in application in 2025 2117 ADA HAYDEN RD Ames, IA 50010 4/10/2024 12/11/2024 ERIK & CLAIRE CHESTER 2026 FULL $587,000 $500,000 Finaled in 2024, turned in application in 2025 2013 KETELSEN DR Ames, IA 50010 2/12/2024 6/14/2024 DEBRA HENDRICKSON 2026 PARTIAL $81,200 $81,200 Finaled in 2024, turned in application in 2026 4616 ALDRIN AVE Ames, IA 50014 7/22/2024 1/14/2025 DOUGLAS & JANE EASTON 2026 FULL $633,536 $500,000 5807 WESTFIELD DR Ames, IA 50014 10/11/2024 2/18/2025 JENNIFER HERA 2026 FULL Awaiting Update Awaiting Update 5821 WESTFIELD DR Ames, IA 50014 10/11/2024 2/21/2025 THOMAS & MARY KENNEKE 2026 FULL $418,850 $418,850 4710 EVEREST AVE Ames, IA 50014 12/6/2024 3/11/2025 JOSIAH & MEGAN O'POLKA 2026 FULL $468,842 $468,842 4616 EVEREST AVE Ames, IA 50014 1/13/2025 4/7/2025 HAILONG HUANG & ZONGYANG LYU 2026 FULL $360,000 $360,000 4600 ALDRIN AVE Ames, IA 50014 8/2/2024 4/11/2025 BRIAN & MIRANDA WHITLEY 2026 FULL $455,500 $455,500 5105 ERICKSON AVE Ames, IA 50014 10/7/2024 4/16/2025 STEPHEN & JANE RICKLEFS 2026 FULL $667,550 $500,000 3511 ANSLEY AVE Ames, IA 50014 7/18/2024 4/21/2025 TIMOTHY & KIMBERLY GRANDON 2026 FULL $1,100,000 $500,000 5803 WESTFIELD DR Ames, IA 50014 2/3/2025 5/19/2025 STEPHEN YANG & YU-PIN LIANG 2026 FULL $435,511 $435,511 5433 GREENE ST Ames, IA 50014 2/3/2025 5/19/2025 DAN & KRISTINA KONRADI 2026 FULL $479,000 $479,000 2009 LACEY DR Ames, IA 50010 9/14/2023 6/4/2025 HAROLD LARIMER 2026 FULL $207,000 $207,000 2013 LACEY DR Ames, IA 50010 9/14/2023 6/4/2025 TATIANA TWEDT 2025 PARTIAL $278,700 $278,700 2017 LACEY DR Ames, IA 50010 9/14/2023 6/4/2025 LIANG ZHANG & WENZHUO ZHAO 2026 FULL $244,800 $244,800 2019 LACEY DR Ames, IA 50010 9/14/2023 6/4/2025 WEITING YU & BAI CUI 2026 PARTIAL $392,000 $392,000 5710 ALLERTON DR Ames, IA 50014 6/4/2024 6/5/2025 JIAN CHEN 2026 FULL $399,900 $399,900 NEW SINGLE FAMILY HOMES FINALED IN 2024 & 2025 Co m p l e t e d i n 2 0 2 4 Co m p l e t e d i n 2 0 2 5 4 ADDRESS ISSUED DATE FINALED DATE OWNER TAX YEAR REQUESTED PARTIAL OR FULL IMPORVEMENT VALUE CLAIMED MAXIMUM ALLOWED NOTES NEW SINGLE FAMILY HOMES FINALED IN 2024 & 2025 5530 GREENE ST Ames, IA 50014 2/25/2025 6/6/2025 THOMAS & KAMRYN POLLARD 2026 FULL $367,900 $367,900 5107 GREENE ST Ames, IA 50014 10/29/2024 6/11/2025 KLEIN FAMILY REVOCABLE TRUST 2026 FULL $973,853 $500,000 5526 GREENE ST Ames, IA 50014 3/27/2025 6/12/2025 JOHN & KAYLA ROBERTS 2026 FULL $389,000 $389,000 607 FREMONT AVE Ames, IA 50014 7/2/2022 6/12/2025 JOHN & EMILY CACIC 2025 PARTIAL $100,000 $100,000 5318 GREENE ST Ames, IA 50014 3/4/2025 6/18/2025 JOSEPH PAULICK 2026 FULL $539,000 $500,000 404 S WILMOTH AVE Ames, IA 50014 4/18/2024 6/30/2025 APRIL ERICKSON 2026 FULL Awaiting Update Awaiting Update 5510 GREENE ST Ames, IA 50014 4/18/2025 7/2/2025 MATTHEW GOODMAN 2025 FULL $374,900 $374,900 5516 GREENE ST Ames, IA 50014 4/18/2025 7/8/2025 CANDICE YEE KEN WONG 2025 FULL $305,000 $305,000 5520 GREENE ST Ames, IA 50014 4/18/2025 7/8/2025 BRYCE CARPER & ZOE LAMBERT 2026 FULL $432,375 $432,375 5714 ALLERTON DR Ames, IA 50014 4/17/2024 7/9/2025 ROBIN LABIOS 2026 PARTIAL $424,900 $424,900 5101 GREENE ST Ames, IA 50014 6/14/2024 7/9/2025 CURTIS & LINDA HOFF 2026 FULL $1,032,612 $500,000 5101 ERICKSON AVE Ames, IA 50014 3/7/2025 7/10/2025 NORMA ELWICK 2026 FULL $646,439 $500,000 4630 CARTIER AVE AMES, IA 50014 12/17/2024 7/28/2025 PETER & REBECCA RALSTON 2026 FULL Awaiting Update Awaiting Update 5324 GREENE ST Ames, IA 50014 5/1/2025 7/30/2025 JOSHUA & DENNA HEYER 2026 FULL $530,000 $500,000 3110 GREEN HILLS DR Ames, IA 50014 3/19/2025 8/1/2025 SUE DAVIS 2026 FULL $562,765 $500,000 1620 ADA HAYDEN RD Ames, IA 50010 10/4/2024 8/1/2025 DAVID & MARIANNE SPALDING 2026 FULL $500,000 $500,000 4614 CARTIER AVE AMES, IA 50014 12/17/2024 8/11/2025 DOUGLAS & DONNA LITTLE 2025 FULL $720,000 $500,000 5126 ERICKSON LN Ames, IA 50014 3/17/2025 8/28/2025 VICKI & LANCE CRAWFORD 2026 FULL $831,691 $500,000 2113 ADA HAYDEN RD Ames, IA 50010 11/13/2024 8/28/2025 JASON & CYNTHIA STANEK FULL Ineligible - Not Owner-Occupied 4518 CARTIER AVE Ames, IA 50014 3/13/2025 9/11/2025 LEI FANG & JING TANG 2026 FULL $500,000 $500,000 Co m p l e t e d i n 2 0 2 5 5 ADDRESS ISSUED DATE FINALED DATE OWNER TAX YEAR REQUESTED PARTIAL OR FULL IMPORVEMENT VALUE CLAIMED MAXIMUM ALLOWED NOTES NEW SINGLE FAMILY HOMES FINALED IN 2024 & 2025 2002 ADA HAYDEN RD Ames, IA 50010 4/24/2025 10/2/2025 JENNIFER & MODESTOS MODESTOU 2026 FULL $509,000 $500,000 4703 CARTIER AVE AMES, IA 50014 10/21/2024 10/7/2025 MARTIN & TERESA SIMPSON 2026 FULL $1,286,000 $500,000 3114 GREEN HILLS DR AMES, IA 50014 4/8/2025 10/7/2025 CATHERINE ADAMS 2026 FULL $563,746 $500,000 5312 GREENE ST Ames, IA 50014 6/25/2025 10/13/2025 ZHIHUA HE & DHANRAJ SAMAROO 2026 FULL $465,000 $465,000 4427 CARTIER AVE Ames, IA 50014 12/2/2024 10/17/2025 MATTHEW & SUSAN PYLE 2026 FULL $500,000 $500,000 2022 KETELSEN DR Ames, IA 50010 4/17/2025 10/24/2025 MICHAEL & JENNY BUTCHER 2026 FULL $670,000 $500,000 4728 CARTIER AVE Ames, IA 50014 3/31/2025 10/31/2025 RUOYU WU & YE ZHAO 2026 FULL $563,488 $500,000 4426 CARTIER AVE Ames, IA 50014 3/17/2025 10/31/2025 DAVID & JENNIFER WHITE 2026 FULL $608,161 $500,000 5517 TENNESSEE ST Ames, IA 50014 4/14/2025 11/13/2025 JEFFREY & KATHERINE KALLEM 2026 FULL $444,447 $444,447 4733 CARTIER AVE Ames, IA 50014 11/6/2024 11/13/2025 ROBERT & PAIGE LYNCH 2026 FULL $1,429,198 $500,000 5206 GREENE ST Ames, IA 50014 4/16/2025 11/14/2025 SMART REVOCABLE TRUST 2026 FULL $463,700 $463,700 2617 OAKWOOD RD Ames, IA 50014 7/20/2023 12/3/2025 ALEX & LACI WICKENKAMP 2026 PARTIAL $500,000 $500,000 2827 GREEN HILLS DR Ames, IA 50014 4/16/2025 12/15/2025 JOSEPH & DEBORAH POWERS 2026 FULL $804,012 $500,000 Completed in 2025 6