Iowa HF 2434: A bill for an act relating to budget approval processes of political subdivisions and including applicability provisions.

Bill Text

House File 2434 - Introduced
HOUSE FILE 2434
BY GERHOLD, BRADLEY, and
DUNWELL
A BILL FOR
An Act relating to budget approval processes of political1
subdivisions and including applicability provisions.2
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:3
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H.F. 2434
Section 1. Section 24.9, subsection 1, Code 2022, is amended1
to read as follows:2
1. a. Each municipality shall file with the secretary or3
clerk thereof the estimates required to be made in sections4
24.3 to 24.8, at least twenty days before the date fixed by5
law for certifying the same to the levying board and shall6
forthwith fix a date for a hearing thereon, and shall publish7
such estimates and any annual levies previously authorized8
as provided in section 76.2, with a notice of the time when9
and the place where such hearing shall be held not less than10
ten nor more than twenty days before the hearing. The notice11
shall also include the information required under paragraph12
“c”, subparagraph (2), subparagraph divisions (a) through13
(d). Provided that in municipalities of less than two hundred14
population such estimates and the notice of hearing thereon15
shall be posted in three public places in the district in lieu16
of publication. For any other municipality such publication17
shall be in a newspaper published therein, if any, if not, then18
in a newspaper of general circulation therein.19
b. The department of management shall prescribe the form for20
public hearing notices for use by municipalities and notices21
required under paragraph “c”.22
c. (1) For purposes of this paragraph:23
(a) “Budget year” is the fiscal year beginning during the24
calendar year in which a budget is certified.25
(b) “Current fiscal year” is the fiscal year ending during26
the calendar year in which a budget for the budget year is27
certified.28
(c) “Effective property tax rate” means the property tax29
rate per one thousand dollars of assessed value and is equal to30
one thousand multiplied by the quotient of the current fiscal31
year’s actual property tax dollars certified for levy divided32
by the total assessed value used to calculate taxes for the33
budget year.34
(2) In addition to the notices published and posted under35
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H.F. 2434
paragraph “a”, the municipality shall direct the county1
treasurer to send to each owner or taxpayer by regular mail,2
on or before the date of publication under paragraph “a”, an3
individual notice containing all of the following:4
(a) The sum of the current fiscal year’s actual property5
taxes certified for levy by the municipality and the6
municipality’s current fiscal year’s combined property tax rate7
for such amount.8
(b) The effective property tax rate calculated using the sum9
of the current fiscal year’s actual property taxes certified by10
the municipality.11
(c) The sum of the proposed property tax dollars to be12
certified for levy by the municipality for the budget year and13
the proposed combined property tax rate for such amount.14
(d) If the proposed property tax dollars specified under15
subparagraph division (c) exceeds the current fiscal year’s16
actual property tax dollars certified for levy specified in17
subparagraph division (a), a statement of the major reasons for18
the increase.19
(e) The assessed value of the owner’s or taxpayer’s property20
used to calculate property taxes for the current fiscal year.21
(f) The assessed value of the owner’s or taxpayer’s property22
used to calculate property taxes for the budget year.23
(g) The amount of property taxes due on the owner’s or24
taxpayer’s property for the current fiscal year for the25
municipality and the current fiscal year’s combined property26
tax rate for such amount.27
(h) The estimated combined property tax rate required to28
raise the amount of property taxes under subparagraph division29
(g) using the assessed value of the property under subparagraph30
division (f).31
(i) The proposed amount of property taxes to be levied32
against the owner’s or taxpayer’s property for the budget year33
for the municipality and the estimated combined property tax34
rate for the budget year for such amount.35
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H.F. 2434
Sec. 2. Section 331.433A, subsection 4, paragraph b, Code1
2022, is amended to read as follows:2
b. Proof of publication shall be filed with and preserved3
by the auditor. The department of management shall prescribe4
the form for the public hearing notice for use by counties, the5
form for individual notices provided under paragraph “c”, and6
the form for the resolution to be adopted by the board under7
subsection 5.8
Sec. 3. Section 331.433A, subsection 4, Code 2022, is9
amended by adding the following new paragraph:10
NEW PARAGRAPH. c. In addition to the notices published and11
posted under paragraph “a”, the county shall direct the county12
treasurer to send to each owner or taxpayer by regular mail,13
on or before the date of publicatio