Public Hearing on the Consolidated General Fund Tax Levy for the City of Tiffin’s Fiscal Year 2026-2027 Budget — CGFL Tax Rate

3/3/26, 10:04 AM Local Government Property Valuation System CITY NAME: NOTICE OF PUBLIC HEARING - CITY OF TIFFIN - PROPOSED PROPERTY TAX LEVY CITY #: 52-490 TIFFIN Fiscal Year July 1, 2026 - June 30, 2027 The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows: Meeting Date: 4/7/2026 Meeting Time: 07:00 PM Meeting Location: Tiffin City Hall, 300 Railroad Street, Tiffin, Iowa At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After the hearing of the proposed tax levy, the City Council will publish notice and hold a hearing on the proposed city budget. City Website (if available) City Telephone Number tiffin-iowa.org (319) 545-2572 Current Year Budget Year Budget Year Certified Effective Property Proposed Iowa Department of Management Property Tax Tax Property Tax 2025 - 2026 2026 - 2027 2026 - 2027 Taxable Valuations for Non-Debt Service 342,221,533 364,202,550 364,202,550 Consolidated General Fund 2,699,964 2,699,964 2,789,693 Operation & Maintenance of Public Transit 0 0 0 Aviation Authority 0 0 0 Liability, Property & Self Insurance 123,634 123,634 135,239 Support of Local Emergency Mgmt. Comm. 2,200 2,200 3,303 Unified Law Enforcement 0 0 0 Police & Fire Retirement 0 0 0 FICA & IPERS (If at General Fund Limit) 91,715 91,715 55,956 Other Employee Benefits 85,583 85,583 56,178 Capital Projects (Capital Improv. Reserve) 0 0 0 Taxable Value for Debt Service 454,422,787 492,356,696 492,356,696 Debt Service 1,373,347 1,373,347 1,699,591 CITY REGULAR TOTAL PROPERTY TAX 4,376,443 4,376,443 4,739,960 CITY REGULAR TAX RATE 11.79748 11.03501 11.79997 Taxable Value for City Ag Land 486,297 506,100 506,100 Ag Land 1,461 1,461 1,520 CITY AG LAND TAX RATE 3.00375 2.88678 3.00336 Tax Rate Comparison-Current VS. Proposed Residential property with an Current Year Budget Year Percent Actual/Assessed Valuation of $100,000/$110,000 Certified Proposed Change 2025/2026 2026/2027 City Regular Residential 560 578 3.21 Current Year Budget Year Commercial property with an Certified Proposed Percent Actual/Assessed Valuation of $300,000/$330,000 2025/2026 2026/2027 Change City Regular Commercial 2,432 2,700 11.02 Note: Actual/Assessed Valuation is multiplied by a Rollback Percentage to get to the Taxable Valuation to calculate Property Taxes. Residential and commercial properties have the same rollback percentage through $150,000 of actual/assessed valuation. Reasons for tax increase if proposed exceeds the current: No Increase https://dom-localgov.iowa.gov/budget-renderer?id=24944 1/2