Politics & Government
City of Ames Proposes Property Tax Increase of about $30 per $100,000 for Residential Property
City Council will take public input on the budget and capital improvement plan at a budget wrap up 5:15 p.m. Tuesday.
The Ames City Council will meet at 5:15 p.m. tonight to discuss its final budget wrap up setting property taxes and spending for the fiscal year that begins July 1, 2013.
The city's share of property tax bills will increase by 14 cents per $1,000 assessed taxable valuation from $10.72 to $10.86. And water and sewer utility bills will increase by 6 and 9 percent respectively, according to a draft budget presented to the Ames City Council.
While the levy rate is going up just 14 cents the Iowa legislature increased the property tax rollback for 2013-14 by about 2 percent from 50.75 percent to 52.81 percent.
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Under the proposed tax rate, a home with an assessed valuation of $100,000 would receive a city tax bill of about $573, a $29 increase. (This figure doesn't count a homestead credit which would reduce the final amount owed.)
Find out what's happening in Amesfor free with the latest updates from Patch.
Read more about the budget on Ames.Patch.Com. The meeting agenda is on the City's website.
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