Details for CITY OF MASON CITY - Ad from 2020-02-05

CITY NAME
Mason City

NOTICE OF PUBLIC HEARING - PROPOSED
PROPERTY TAX LEVY

CITY CODE
17-145

Fiscal Year July 1, 2020 - June 30, 2021

The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date:

Meeting Time:

Meeting Location:

2/18/2020

7:00 P.M.

Mason City Room-Public Library

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 Council will publish notice and hold a hearing on the proposed city budget.
City Web Site (if available):

City Telephone Number:

www.masoncity.net

641-421-2701

Iowa Department of Management

Regular Taxable Valuation

1

Current Year
Certified
Property Tax

Budget Year
Effective
Property Tax

2019/2020

2020/2021**

Budget Year
Proposed
Maximum
Property Tax
2020/2021

Annual
% CHG

1,185,083,551 1,182,037,665 1,182,037,665

Tax Levies:
Regular General
Contract for Use of Bridge
Opr & Maint Publicly Owned Transit
Rent, Ins. Maint. of Non-Owned Civ. Ctr.
Opr & Maint of City-Owned Civic Center
Planning a Sanitary Disposal Project
Liability, Property & Self-Insurance Costs
Support of Local Emer. Mgmt. Commission
Emergency
Police & Fire Retirement
FICA & IPERS
Other Employee Benefits
*Total 384.15A Maximum Tax Levy
Calculated 384.15A Maximum Tax Rate

2
3
4
5
6
7
8
9
10
11
12
13
14

$9,599,177
$0
$0
$0
$0
$0
$270,000
$0
$0
$1,227,131
$576,240
$1,740,000
$13,412,548

$9,599,177
$0
$0
$0
$0
$0
$270,000
$0
$0
$1,227,131
$576,240
$1,740,000
$13,412,548

15

$11.31781

$11.34697

$9,574,505
$0
$0
$0
$0
$0
$400,000
$0
$0
$1,334,999
$604,243
$1,570,845
$13,484,592 0.54%
$11.40792

Explanation of significant increases in the budget:

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

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