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"Where Do Property Taxes Go?" Utility Bill InsertCopyrighted March 2, 2026 City of Dubuque ACTION ITEMS # 8. City Council ITEM TITLE: "Where Do Property Taxes Go?" Utility Bill Insert SUMMARY: City Manager providing a copy of the "Where Do Property Taxes Go?" flyer that will be distributed with City utility bills from March 12 through April 2. SUGGUESTED Receive and File DISPOSITION: ATTACHMENTS: 1. Where Do Property Taxes Go 2026 Page 933 of 939 THE CITY OF DUB E Masterpiece on the Mississippi FY2026 Consolidated Rate of $30.31761 per $1,000 assessed value Dubuque Community School District 43.0% 1111(rill 11KNIM'PM S Dubuque County Other 18.5% C F79485516 �^ 6 tie ./ ,- 6 2.2% City of Dubuque NICC 33.2% 3.1% How the City of Dubuque Uses Property Taxes by Category Public Safety - 52.2% JJ:Parks and Recreation and Culture - 22.6% General Government - 9.3% D:ubu7que11 Public Works - 7.5% Community & Economic Development - 6.0% Health & Social Services - 1.9% Debt Service - 0.5% How would you prioritize taxes? Balancing Act Simulator & Taxpayer Receipt The Balancing Act simulation tool provides an in-depth look at the City budget. You can adjust revenues and expenditures, and then submit comments on how YOU think the City of Dubuque should spend tax dollars. ' Try the Balancing Act Simulator and create your own Taxpayer Receipt, based on taxable value of your home, at cityofdubuque.org/budget. Taxpayer Receipt Where do your City tax dollars go? The following example is for the current fiscal year (FY2026) and based on Dubuque's average residential property assessed value of $196,508 with a taxable value of $88,357 (after the rollback and Homestead Tax Credit). Public Safety $463.89 Police $262.00 Fire $184.44 Emergency Communications (E911) $17.79 Emergency Management $1.71 Inspections - General Safety -$2.04 Parks and Recreation and Culture $201.03 Carnegie -Stout Public Library $64.78 Parks $56.71 Recreation $29.38 Five Flags Civic Center $20.18 Grand River Center (Conference Center) $17.02 Community Impact $7.00 Imon Ice Center $5.95 General Government $82.67 Administration $32.79 (City Manager, Human Resources, Finance, Communications, Sustainability, City Clerk) Information Technology $30.78 City Building Maintenance $15.74 City Attorney's Office $4.05 City Council $2.33 General Fund Balance (Contingency Funds) $0.00 Public Works $66.86 Transit $29.89 Public Works & Landfill $22.67 Engineering $11.96 Airport $2.33 Community & Economic Development $53.54 Economic Development $46.96 Office of Economic Mobility $8.06 & Neighborhood Support Planning Services $4.94 Purchase of Services $1.45 Housing & Community Development -$7.86 Health Services & Social Services $17.06 Health Services $12.09 Human Rights $4.98 Debt Service $4.14 Total: $889.20 Your Home's Assessed Value Every two years, the county assessor estimates what your home would likely sell for under current market conditions. This is called the assessed value. You Do Not Pay Taxes on the Full Assessed Value • Rollback: The Iowa Department of Revenue sets a "rollback" percentage each year. In the current year, residential property owners only pay taxes on 47.4% of the assessed value of their property. Example: If your home is valued at $196,508, you are taxed on $88,357 after the rollback and homestead tax credit. Who Sets Your Tax Rate? • Levy Rates: Cities, counties, school districts, and other local taxing authorities set levy rates based on their budgets. Those rates are applied to your taxable value to calculate your bill. Tax Credits and Exemptions Iowa offers programs that can reduce your tax bill: • Homestead Tax Credit: For homeowners who live in their home. • Homestead Exemption for 65+: Extra relief for residents age 65 and older who live in their home. • Military Exemption: For eligible veterans • Agricultural Land Tax Credit: For farmland owners. Dubuque has the lowest property tax rate of the 11 cities in Iowa with populations over 50,000. The highest rate is 116% higher than Dubuque and the average is 55% higher than Dubuque. Financial Transparency Providing Public Input Budget Adoption Process The Dubuque City Council gathers public input during the budget process. It holds a hearing to set the maximum property tax levy, conducts seven public meetings to review the recommended budget, and concludes with a public hearing to adopt the budget. All meetings are at 6:30 p.m. in the City Council Chambers at the Historical Federal Building, 350 W. Sixth Street. Open Budget Portal Open Expenses Portal cityofdubuque.org/budget cityofdubuque.org/finance • Explore and visually interact Interactive "checkbook" to view with the City's operating and all City payments to vendors capital budgets You may also contact the City of Dubuque Finance Department at finance@cityofdubuque.org or 563.589.4398. Dubuque Example Average Residential Assessed Value: $196,508 Taxable Value After Rollback & Homestead Tax Credit: $88,357 CITY PORTION of FY2026 Average Residential Property Tax Bill: $889.20 TOTAL FY2026 Average Residential Property Tax Bill: $2,678.77 Upcoming City Budget Public Input Meetings Monday, March 23 Public Hearing to Establish Maximum FY2027 Property Tax Levy Monday, April 6 Recommended FY2027 Budget Presentation Tuesday, April 7 Engineering, Public Works, Water, and Water & Resource Recovery Center Thursday, April 9 Housing & Community Development, Planning Services, Economic Development, Purchase of Services, and Transportation Services Monday, April 13 Carnegie -Stout Public Library, Five Flags Civic Center, Grand River Conference Center, ImOn Ice Center, and Parks and Recreation Wednesday, April 15 Human Resources, Information Technology, Communications, and Finance Thursday, April 16 City Manager's Office, City Council, City Clerk's Office, and City Attorney's Office Tuesday, April 21 Airport, Human Rights, Community Impact & Neighborhood Support, and Multicultural Family Center Wednesday, April 22 Police, Fire, Emergency Management, Emergency Communications, and Health Services Tuesday, April 28 Public Hearing to Adopt FY2027 Budget ° o° o o 0 0 0° o°o o o 0 0 0 0°0°