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Dallas County, Iowa FY27 Proposed Property Tax Hearing March 31, 2026 7pm ---PAGE BREAK--- Impact of HF 718 to Dallas County’s Budget • HF 718 was signed into law on May 4, 2023 and became effective on July 1, 2024 ሺfiscal year FY25ሻ • There are many components of the law, including implementing the mailing of the proposed levy notice and hearing, but the one with the largest impact on County government limits revenue growth based on property tax “tiers” • For assessed valuation growth of up to 3% year over year there is no limitation on collections • For assessed valuation growth between 3% and 6% year over year there is a 2% enforced limitation on collections • For assessed valuation growth greater than 6% year over year there is a 3% enforced limitation on collections 2 ---PAGE BREAK--- Impact of HF 718 to Dallas County’s Budget • For FY27, Dallas County’s general basic assessed valuation growth was 5.24% putting us in the 2% limitation “tier” • The result negatively impacts the General Fund by $500 thousand • For FY26, Dallas County’s general basic assessed valuation growth was 7.07% putting us in the 3% limitation “tier” • The result negatively impacts the General Fund by $730 thousand • In FY25, Dallas County’s general basic assessed valuation growth was 5.6% putting us in the 2% limitation “tier” • The result negatively impacted the General Fund by $460 thousand Combined negative impact of almost $1.7 million ሺwithout additional changes to the law HF 718 will continue for the next 2 fiscal years – thru FY29ሻ 3 ---PAGE BREAK--- Proposed FY27 Property Tax Levies • Aggregate levy rate reduction of just under 16¢ from 5.425 in FY26 to 5.261 in FY27 • 3.399 for urban properties • 1.862 for rural properties 4 ---PAGE BREAK--- Property Tax Mailing • Mailing is based on an assumption that residential and commercial property values are increasing 10% which is not a reasonable assumption • FY27 ሺtaxable valuations as of 1/1/2025ሻ is a reassessment year. If you’ve had a major remodel to your home or your home’s valuation is less than 97% of actual valuation, you may see an adjustment to your home value. • Rollback percentage for FY26 will be 47.4316 • Rollback percentage for FY27 will be 44.5345 • You will pay 6.10% less in taxes on your residential property’s assessed value in FY27 compared to FY26 assuming there was no change in valuation. 5 ---PAGE BREAK--- Property Tax Mailing City of Waukee 6 Percentage changes based on inaccurate assumption of a 10% increase in assessed valuation on a $100,000 valued home ---PAGE BREAK--- Property Tax Mailing City of Waukee 7 Actual Example of a Residential Property in the City of Waukee For assistance interpreting the tax mailer and to use the calculator on your personal property visit: RESIDENTIAL PROPERTY 2026-2027 2025-2026 FISCAL YEAR Value from Property Assessment Letter or Assessor Website January 1, 2025 January 1, 2024 313,440 296,090 January 1 Assessed Property Value 139,589 140,440 Calculated Taxable Property Value Property Tax Rates From Mailing PROPOSED CURRENT $17.49010 $17.75876 All School Funds Tax Rate $3.39897 $3.50685 *County Tax Rate $12.80000 $12.80000 City General Non-Ag Tax Rate Estimated Property Tax % CHANGE $ Change PROPOSED CURRENT -2.13% ($53) $2,441 $2,494 School -3.85% ($19) $474 $493 County -0.61% ($11) $1,787 $1,798 City *For residential properties outside of a city, county tax rate should come from the "Rural Resident" line of the mailed statement **This estimator is not meant for use with agricultural classed property ***This is an estimate of taxes to be paid, not an exact figure. The actual amount billed may vary from this estimate due to addition of other local government taxes (comm. college, county assessor, county ag extension, etc.) 5.85% valuation increase Lower taxable value due to 6.10% decrease in rollback Result is an estimated decrease in annual property taxes ---PAGE BREAK--- Property Tax Mailing City of Adel 8 Percentage changes based on inaccurate assumption of a 10% increase in assessed valuation on a $100,000 valued home ---PAGE BREAK--- Property Tax Mailing City of Adel 9 Actual Example of a Residential Property in the City of Adel For assistance interpreting the tax mailer and to use the calculator on your personal property visit: 1.92% valuation increase Lower taxable value due to 6.10% decrease in rollback Result is an estimated decrease in annual property taxes RESIDENTIAL PROPERTY 2026-2027 2025-2026 FISCAL YEAR Value from Property Assessment Letter or Assessor Website January 1, 2025 January 1, 2024 475,630 466,690 January 1 Assessed Property Value 211,819 221,359 Calculated Taxable Property Value Property Tax Rates From Mailing PROPOSED CURRENT $17.87350 $17.87350 All School Funds Tax Rate $3.39897 $3.50685 *County Tax Rate $13.43496 $13.25836 City General Non-Ag Tax Rate Estimated Property Tax % CHANGE $ Change PROPOSED CURRENT -4.30% ($170) $3,786 $3,956 School -7.22% ($56) $720 $776 County -3.03% ($89) $2,846 $2,935 City *For residential properties outside of a city, county tax rate should come from the "Rural Resident" line of the mailed statement **This estimator is not meant for use with agricultural classed property ***This is an estimate of taxes to be paid, not an exact figure. The actual amount billed may vary from this estimate due to addition of other local government taxes (comm. college, county assessor, county ag extension, etc…) ---PAGE BREAK--- Property Tax Mailing Rural Adel Schools 10 Percentage changes based on inaccurate assumption of a 10% increase in assessed valuation on a $100,000 valued home ---PAGE BREAK--- Property Tax Mailing Rural Adel Schools 11 Actual Example of a Rural Residential Property - Adel School District For assistance interpreting the tax mailer and to use the calculator on your personal property visit: 8.95% valuation increase Taxable value increased because assessed valuation increased more than the rollback reduction of 6.10% Result is an estimated increase in School taxes but a decrease in County taxes RESIDENTIAL PROPERTY 2026-2027 2025-2026 FISCAL YEAR Value from Property Assessment Letter or Assessor Website January 1, 2025 January 1, 2024 243,480 223,460 January 1 Assessed Property Value 108,433 105,991 Calculated Taxable Property Value Property Tax Rates From Mailing PROPOSED CURRENT $17.87350 $17.87350 All School Funds Tax Rate $5.26110 $5.42484 *County Tax Rate $0.00000 $0.00000 City General Non-Ag Tax Rate Estimated Property Tax % CHANGE $ Change PROPOSED CURRENT 2.32% $44 $1,938 $1,894 School -0.87% $570 $575 County 0.00% $0 $0 $0 City *For residential properties outside of a city, county tax rate should come from the "Rural Resident" line of the mailed statement **This estimator is not meant for use with agricultural classed property ***This is an estimate of taxes to be paid, not an exact figure. The actual amount billed may vary from this estimate due to addition of other local government taxes (comm. college, county assessor, county ag extension, etc…) ---PAGE BREAK--- FY27 Proposed Budget Overview Proposed budgeted expenses for FY27 are approximately $61.8 million and consists of the following Service Areas: • $26.0 million for Public Safety & Legal Services • $12.0 million for Roads & Transportation • $5.0 million for Capital Projects • $4.4 million for County Environment & Education • $4.0 million for Government Services to Residents • $3.8 million for Administration Services • $3.8 million for Debt Service • $2.8 million for Physical Health & Social Services 12 ሺSee Appendix A & B for historical revenue & expensesሻ ---PAGE BREAK--- FY27 Proposed Budget Overview 13 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 2005 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Service Area Expenditures Fiscal Year Ending Public Safety & Legal Services Physical Health & Social Services Mental Health MR, DD County Environment & Education Roads & Transportation Government Services to Residents Administration Nonprogram Current Debt Service Capital Projects ---PAGE BREAK--- FY27 Proposed Budget Overview Employee costs are the largest component of the County Budget • 320.0 budgeted positions in FY27 compared to 312.75 in FY26 and 324.50 In FY25 • FY26 reduction in staff was a result of the closing of the Heart of Iowa Region and the State no longer funding the Juvenile Court Services Restorative Justice position • 8.5 new positions requested in FY27 • 6.0 positions approved • Paralegal – Attorney’s Office • Administrative Coordinator – Attorney’s Office • Operations & Training Coordinator - EMS • Public Information Officer- Operations • Custodian – Facilities • HR Coordinator – Human Resources • 2.0 new Supervisors approved via Countywide vote in November 2025 14 ---PAGE BREAK--- FY27 Proposed Budget Overview 15 275 287 291.5 298 318 324 312.75 320 240 260 280 300 320 340 Total Budgeted Full-Time Equivalent (FTE) Employees FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 ---PAGE BREAK--- FY27 Proposed Budget Overview Proposed budgeted revenues for FY27 are approximately $62.5 million and consists of the following Types: • $36.3 million from Taxes Levied on Property • $8.50 million from Other County Taxes ሺLocal Option Sales Taxes, etc.ሻ • $8.50 million from Intergovernmental Sources ሺRoad Use Taxes, etc.ሻ • $4.6 million from Charges for Services ሺDocument Recording, Real Estate Transfers, Auto Registrations, etc.ሻ • $2.2 million from Use of Money & Property ሺInterest Income, etc.ሻ • $1.9 million from Miscellaneous Sources ሺReimbursements, Bike Trail Fees, etc.ሻ • $250 thousand from Licenses & Permits ሺBuilding, Well Water, etc.ሻ • $200 thousand from Penalties & Interest ሺDelinquent Taxesሻ 16 ሺSee Appendix A & B for historical revenue & expensesሻ ---PAGE BREAK--- Remaining Budget Process • March 31, 2026 – 7pm Proposed Property Tax Levy Public Hearing • April 21, 2026 – 7pm Public Hearing to set FY27 Budget • Both meetings to take place in the Board of Supervisors chambers, 800 Court Street, Adel, Iowa 50003 17 ---PAGE BREAK--- Budgeted Revenues Fiscal Year Ending Taxes Levied On Property Uncollected Delinquent Taxes Credits To Taxpayers Net Current Property Taxes Delinquent Property Taxes Penalities And Interest Other County Taxes Intergovern- mental Licenses And Permits Charges For Services Use Of Money And Property Miscellaneous Sub-Total Revenue Operating Transfers In General Long- Term Debt Fixed Asset Sales Total Revenues Beginning Fund Balances Total Resources 2005 12,195,059 - - 12,195,059 1,670 31,500 548,382 7,828,408 180,947 1,796,050 223,102 428,190 23,233,308 - 1,868,188 - 25,101,496 7,363,511 32,465,007 Actual 2010 18,907,425 - 408,610 19,316,035 1,071 69,690 696,951 9,095,144 159,500 1,908,672 625,988 393,702 32,266,753 6,338,371 - - 38,605,124 9,848,378 48,453,502 Actual 2011 19,008,930 - 5 19,008,935 - 210,000 631,579 8,903,753 147,200 1,906,835 493,488 315,024 31,616,814 6,607,807 - - 38,224,621 18,650,715 56,875,336 Actual 2012 18,306,509 - 4 18,306,513 - 210,000 639,605 9,006,015 129,246 2,203,760 429,733 232,020 31,156,892 3,799,714 - - 34,956,606 18,357,909 53,314,515 Actual 2013 19,124,908 - 4 19,124,912 - 154,000 617,530 10,556,484 111,527 2,260,435 355,275 340,326 33,520,489 3,808,462 - - 37,328,951 19,062,835 56,391,786 Actual 2014 18,894,927 - 4 18,894,931 - 154,000 572,249 8,531,484 127,985 2,376,757 267,045 332,474 31,256,925 4,291,077 - - 35,548,002 21,533,062 57,081,064 Actual 2015 19,368,702 - 4 19,368,706 - 154,000 570,992 8,603,419 195,635 2,437,907 261,345 358,970 31,950,974 5,306,831 - - 37,257,805 16,662,307 53,920,112 Actual 2016 20,802,783 - 4 20,802,787 - 154,000 572,031 10,301,755 193,165 2,585,850 262,170 325,850 35,197,608 5,854,906 - - 41,052,514 24,901,865 65,954,379 Actual 2017 22,585,146 - 483,600 23,068,746 - 154,000 592,534 11,774,568 193,350 2,647,925 239,975 425,463 39,096,561 6,017,986 - 405,000 45,519,547 25,280,204 70,799,751 Actual 2018 24,026,382 - 481,700 24,508,082 - 153,500 457,820 9,679,527 203,750 2,852,525 344,034 1,282,720 39,481,958 6,170,229 - 355,000 46,007,187 22,366,277 68,373,464 Actual 2019 25,979,340 - 497,200 26,476,540 - 143,250 3,608,908 7,123,891 210,250 2,748,325 486,884 2,166,735 42,964,783 6,509,915 - 150,000 49,624,698 40,862,846 90,487,544 Actual 2020 28,188,191 - 550,300 28,738,491 - 143,250 3,882,895 7,631,608 231,750 2,889,225 779,907 1,398,000 45,695,126 9,221,140 - 80,000 54,996,266 25,242,845 80,239,111 Actual 2021 26,387,124 - 561,000 26,948,124 - 158,000 4,445,920 7,898,662 180,750 2,898,625 778,066 1,376,100 44,684,247 12,674,529 - 50,000 57,408,776 25,174,620 82,583,396 Actual 2022 26,653,993 - - 26,653,993 - 127,000 4,614,355 7,830,816 238,850 3,344,450 580,926 1,267,250 44,657,640 11,422,740 - 40,000 56,120,380 28,528,023 84,648,403 Actual 2023 25,302,362 - 538,000 25,840,362 - 103,500 5,678,186 7,628,948 239,850 3,346,587 437,576 1,233,050 44,508,059 11,556,125 - - 56,064,184 30,760,736 86,824,920 Actual 2024 27,379,094 - 540,000 27,919,094 - 129,500 6,709,185 8,875,428 239,850 3,373,542 959,901 1,283,450 49,489,950 15,402,772 - - 64,892,722 55,456,743 120,349,465 Actual 2025 34,089,076 - 0 34,089,076 - 153,000 7,798,894 9,581,558 240,050 3,586,142 1,331,414 1,343,850 58,123,984 14,762,699 - - 72,886,683 28,164,136 101,050,819 Actual 2026 35,622,676 - 0 35,622,676 - 153,000 6,358,367 8,636,101 242,050 4,457,842 1,551,613 1,510,452 58,532,101 15,034,368 - - 73,566,469 28,458,194 102,024,663 Budgeted 2027 36,319,551 - 0 36,319,551 - 204,000 8,520,560 8,487,005 249,050 4,625,492 2,259,073 2,911,200 63,575,931 10,616,542 - 15,000 74,207,473 41,279,906 115,487,379 Proposed Historical Data Source: Iowa Department of Management (County Budget Summaries) 2014 data not on DOM website; Source is from County records 2027 Data is proposed budgeted revenues by type Appendix A ---PAGE BREAK--- Budgeted Expenses by Service Area Fiscal Year Ending Public Safety & Legal Services Physical Health & Social Services Mental Health MR, DD County Environment & Education Roads & Transportation Government Services to Residents Administration Nonprogram Current Debt Service Capital Projects Sub-Total Expenditures Operating Transfers Out Total Expenditures Total Ending Fund Balance Total Requirements 2005 4,357,528 2,601,012 3,616,240 1,701,869 4,671,316 872,538 3,321,686 212,787 1,086,538 1,125,014 23,566,528 1,868,188 25,434,716 7,030,291 32,465,007 2010 7,776,539 2,738,108 4,708,783 2,495,469 6,247,019 1,850,292 1,439,171 33,050 1,627,615 2,166,863 31,082,909 6,338,371 37,421,280 10,215,002 47,636,282 2011 7,925,575 2,895,024 4,256,303 3,155,323 6,850,558 1,724,755 1,753,417 33,000 1,668,343 4,379,000 34,641,298 6,607,807 41,249,105 15,626,221 56,875,326 2012 8,157,315 2,900,193 4,660,413 3,266,155 7,053,894 1,892,739 1,769,324 33,000 1,694,815 4,309,715 35,737,563 3,799,714 39,537,277 13,777,230 53,314,507 2013 8,112,572 2,871,143 4,118,726 2,853,297 7,404,697 1,944,095 1,805,090 58,000 1,755,674 5,132,731 36,056,025 3,808,462 39,864,487 16,527,291 56,391,778 2014 8,423,958 3,016,211 4,378,675 3,114,647 7,378,215 2,225,181 1,820,633 58,000 1,816,375 7,145,472 39,377,367 4,291,077 43,668,444 13,412,612 57,081,056 2015 8,982,669 3,131,488 2,352,831 3,120,939 6,732,740 2,360,619 1,571,836 58,000 1,877,958 3,722,980 33,912,060 5,306,831 39,218,891 14,701,213 53,920,104 2016 10,196,583 3,255,337 2,534,510 3,205,925 6,789,717 2,318,211 1,751,428 58,000 1,974,471 5,526,360 37,610,542 5,854,906 43,465,448 22,488,923 65,954,371 2017 10,973,347 3,459,932 5,788,275 3,417,370 7,758,592 2,272,560 1,567,666 50,500 2,565,973 3,755,000 41,609,215 6,017,986 47,627,201 22,205,350 69,832,551 2018 12,638,052 3,789,881 2,760,599 4,733,259 8,548,733 2,343,088 1,690,328 51,100 2,481,635 4,199,520 43,236,195 6,170,229 49,406,424 18,003,640 67,410,064 2019 12,361,712 2,380,747 3,031,986 4,826,758 9,296,681 2,153,733 1,986,519 51,850 4,040,282 21,167,427 61,297,695 6,509,915 67,807,610 21,685,534 89,493,144 2020 13,668,134 2,086,560 3,389,485 3,021,969 9,179,371 2,629,019 2,053,039 100,500 4,134,667 8,247,067 48,509,811 9,221,140 57,730,951 21,407,560 79,138,511 2021 14,802,807 2,004,189 3,281,513 2,825,094 9,703,774 2,317,487 2,241,249 150,500 2,322,916 8,455,000 48,104,529 12,674,529 60,779,058 20,682,338 81,461,396 2022 15,442,262 2,033,935 3,423,303 3,220,958 9,891,985 2,548,624 2,328,009 104,832 2,314,816 8,430,000 49,738,724 11,422,740 61,161,464 23,486,939 84,648,403 2023 17,700,692 2,150,190 0 3,530,286 10,504,677 2,734,956 2,373,122 107,082 2,330,616 7,188,124 48,619,745 11,556,125 60,175,870 25,573,050 85,748,920 2024 20,412,382 2,371,476 0 4,280,722 11,655,676 3,128,949 3,876,012 100,500 2,334,716 2,830,000 50,990,433 15,402,772 66,393,205 52,876,260 119,269,465 2025 21,997,513 2,486,198 0 5,759,090 12,762,711 3,448,726 5,384,998 100,500 2,329,403 6,805,000 61,074,139 14,762,699 75,836,838 25,213,981 101,050,819 2026 24,107,312 2,653,268 0 4,865,962 16,602,434 3,674,823 3,267,948 101,100 2,329,758 7,985,000 65,587,605 15,034,368 80,621,973 21,402,690 102,024,663 2027 25,975,011 2,776,025 0 4,482,338 11,991,947 4,003,788 3,818,092 101,100 3,779,903 4,945,000 61,873,204 11,616,542 73,489,746 41,997,633 115,487,379 Historical Data Source: Iowa Department of Management (County Budget Summaries) 2027 data is proposed budgeted expenditures by Service Area Appendix B