HomeMy WebLinkAbout2026-04-06 D01 FY2027 Proposed Property Tax Levy_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 6, 2026
AGENDA ITEM:Public Hearing on the FY2027 Proposed Property Tax pursuant to Iowa
Code 24.2A
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON:
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Per State Code 24.2A cities are required to hold a
proposed property tax levy public hearing at a special meeting of the City
Council. This hearing must be held prior to setting the public hearing for
the formal adoption of the FY27 Proposed Budget.
RECOMMENDATION: Hold the Public Hearing.
ATTACHMENTS: Notice of Public Hearing – Proposed Property Tax Levy
Fiscal Year July 1, 2026 – June 30, 2027
PREPARED BY:Rachel Downing
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Dallas County News
DATE OF PUBLICATION: March 26, 2026
D1
CITY NAME:
WAUKEE
NOTICE OF PUBLIC HEARING - CITY OF WAUKEE - PROPOSED PROPERTY TAX LEVY
Fiscal Year July 1, 2026 - June 30, 2027 CITY #: 25-240
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date: 4/6/2026 Meeting Time: 05:30 PM Meeting Location: Waukee City Hall - Council Chambers - 230 W Hickman Rd or
https://zoom.us/j/352651371 Meeting ID 352-651-371 or by phone +1 646-558-8656 or +1 312-626-6799 or +1 301-715-8592
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After the hearing of the proposed tax
levy, the City Council will publish notice and hold a hearing on the proposed city budget.
City Website (if available)
www.waukee.org/tax City Telephone Number
(515) 978-7918
Iowa Department of Management
Current Year
Certified
Property Tax
2025 - 2026
Budget Year
Effective Property
Tax
2026 - 2027
Budget Year
Proposed
Property Tax
2026 - 2027
Taxable Valuations for Non-Debt Service 2,009,892,981 2,171,993,516 2,171,993,516
Consolidated General Fund 15,857,091 15,857,091 16,636,884
Operation & Maintenance of Public Transit 0 0 0
Aviation Authority 0 0 0
Liability, Property & Self Insurance 0 0 0
Support of Local Emergency Mgmt. Comm.0 0 0
Unified Law Enforcement 0 0 0
Police & Fire Retirement 0 0 0
FICA & IPERS (If at General Fund Limit)0 0 0
Other Employee Benefits 3,498,179 3,498,179 4,279,414
Capital Projects (Capital Improv. Reserve)0 0 0
Taxable Value for Debt Service 2,672,891,463 2,767,257,863 2,767,257,863
Debt Service 8,473,066 8,473,066 8,772,207
CITY REGULAR TOTAL PROPERTY TAX 27,828,336 27,828,336 29,688,505
CITY REGULAR TAX RATE 12.80000 11.97318 12.80000
Taxable Value for City Ag Land 6,949,923 7,438,372 7,438,372
Ag Land 20,876 20,876 22,343
CITY AG LAND TAX RATE 3.00375 2.80653 3.00375
Tax Rate Comparison-Current VS. Proposed
Residential property with an
Actual/Assessed Valuation of $100,000/$110,000
Current Year
Certified
2025/2026
Budget Year
Proposed
2026/2027
Percent
Change
City Regular Residential 607 627 3.29
Commercial property with an
Actual/Assessed Valuation of $300,000/$330,000
Current Year
Certified
2025/2026
Budget Year
Proposed
2026/2027
Percent
Change
City Regular Commercial 2,639 2,929 10.99
Note: Actual/Assessed Valuation is multiplied by a Rollback Percentage to get to the Taxable Valuation to calculate Property Taxes. Residential and commercial properties
have the same rollback percentage through $150,000 of actual/assessed valuation.
Reasons for tax increase if proposed exceeds the current:
Elected officials are recommending maintaining the current total property tax levy. The increase in total property tax collected is allocated towards services for 2000+ new
residents, inflation on goods & services, employee compensation & benefits increases and additional public safety officers.
2/27/26, 12:31 PM Local Government Property Valuation System
https://dom-localgov.iowa.gov/budget-renderer?id=24558 1/2
2/27/26, 12:31 PM Local Government Property Valuation System
https://dom-localgov.iowa.gov/budget-renderer?id=24558 2/2