The Iowa Department of Management has issued the information below about introducing an annual mailed hearing notice to each owner of taxable property in March. These notices will provide information to educate taxpayers about budgets. The City of Marshalltown’s public hearing will be held at 5:30 p.m. on April 1 in City Council Chambers, 10 W. State St., Marshalltown. State Street construction is underway, however, the parking lot will be open with access to the Park and Recreation entrance.

The front page of the mailed notice is divided into three sections. Each section will show the proposed property tax information and meeting information for the K-12 school district, county and city (for urban residents) which tax within the tax district where the property is located. These hearings will be solely concerned with the proposed property tax, and no unrelated business can be discussed during this meeting. There will be another hearing on the full budget at a later meeting of the local government.

Information for three different hearings will be shown — one each for the K-12 school district, county and city. If this property is outside of a city, the city meeting section will be blank. Below the hearing information is information on the property tax that is being proposed for the next fiscal year. Presented in this property tax information box is the current fiscal year’s budgeted tax dollars and total tax rate and the property tax revenue and total rate for the coming fiscal year.

At the top of the back page of the mailed notice is a table showing an estimate of property tax that will be distributed to each local government on this notice in the current year. The information in this table is based on tax district totals, so it will not show the full amount going to each local government in total. If this table shows all zeros on the mailing, it is due to the property being in a tax district in the budget year that did not exist in the current year. Since the tax district did not exist in the current year, there is no tax data available to display.

The last section of the mailing, at the bottom of the back page, is a pair of examples which show a comparison of how the proposed taxes owed will increase or decrease taxes for a property with a 100,000 assessed value in the current year and in the budget year. The top example is for a residential class property, and the bottom is for a commercial property.

Visit dom.iowa.gov/property-taxes for a tool to help apply the property tax rates in this mailing to a specific property.