FOREST CITY | A public hearing on the city's proposed budget for upcoming fiscal year is set for 7 p.m. March 5 at City Hall.
The estimated property tax levy rate for non-agricultural property for the fiscal year beginning July 1 will be $17.53 cents per $1,000 assessed valuation, a decrease by 89 cents from the current fiscal year.
The estimated property tax rate for agricultural property within city limits is $3 per $1,000 assessed valuation.
"We are drawing a little bit less out of the TIF (Tax Increment Financing) fund and the assessed valuations all went up this year," said City Administrator Barb Smith.
-- Mary Pieper