May 2, 2024
Property

Muscatine property tax rate will likely remain same


While acknowledging the hard work of Muscatine staff and council, city council member John Jindrich said he believes there are still areas of the proposed 2024-25 budget where money can be saved.

During Thursday’s Muscatine City Council meeting, while discussing a bonding agreement, Jindrich voiced his thoughts on the proposed budget.







City Hall

Muscatine City Council set the first public hearing for the city’s annual budget on April 4. A second public hearing will be held at a later date,




“I think there is work to be done yet,” he said. “I think there are some things we are spending money on that we don’t need to.”

During the meeting, the council set a public hearing for 5:30 p.m. April 4 for the property tax levy. The second public hearing is tentatively set for April 18, but cannot be set until after the first hearing is held and a resolution is passed to set the levy. Both hearings must be held before passage of the budget.

The Muscatine City Council recently completed its review of the proposed city budget for the upcoming year, with the property tax rate for 2024-2025 proposed at $15.67219 per $1,000 of taxable property valuation. That is the same rate as the current fiscal year.

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However, while the rate remains the same, property owners may see a decrease in the City of Muscatine’s part of their property taxes due to the residential property rollback mandated by the state, along with other reductions to assessed value.

Numerous changes to local budget preparation, public hearing requirements, and budget timelines were made after House File 718 was adopted in 2023. Among those changes is a requirement that county offices mail each property taxpayer an annual statement.

All political subdivisions, including cities, must file a report with the Iowa Department of Management (DOM) by March 15 that contains the required information for the taxpayer statement. That information is compiled and calculated by DOM and then used by the county auditor to prepare the taxpayer statements, which must be sent by March 20.

Later in the meeting, Jindrich asked the council to halt the proposed sale of two city-owned lots on Brooks Street that bids are being taken on, saying he wanted the council to consider the importance of the green space to the neighborhood.

He said that he believes the city should just maintain the green space. He also said the lots were appraised at $3,600, so were of no significant value.

“There is very little expense to maintain a green space for the kids to play in,” he said.

The council voted 4-2 to remove the land from the auction. Discussion will be held later on how the city will proceed with the property.

Council member Jeff Osborne felt the time the council should vote on the issue is after seeing if there were bids or not.

“It is a goal of the city to get rid of these properties,” he said. “They are not a good use of taxpayer money in general.”

Council member Peggy Gordon agreed she wanted to see the process finish before making any kind of decision. She said anyone bidding on it is required to have a plan for the property.

President Joe Biden is going into Thursday’s State of the Union address with an expanded plan to raise corporate taxes and use the proceeds to trim budget deficits





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