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City of Coralville News

Posted on: March 15, 2023

Coralville to Hold Public Hearing on March 28 for Proposed Maximum Property Tax Levy

FY2024-budget_300

The Coralville City Council will hold a public hearing for the proposed Fiscal Year 2024 maximum property tax levy during the City Council meeting at 6:30 pm on Tuesday, March 28, 2023. The meeting will be held at Coralville City Hall, 1512 7th Street.

The property tax levy hearing is a step in the budget process to further notify the public about property tax changes. At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, the proposed tax levy. View the FY24 Maximum Property Tax Levy Hearing Notice (PDF)   

The notice for the hearing contains three columns of information:

  • The first column shows the property tax dollars and rates for the current fiscal year. 
  • The second column carries those same property tax dollars forward to Fiscal Year 2024 and calculates the tax rate that would produce. 
  • The third column shows the property tax dollars and rate proposed for Fiscal Year 2024, including a calculation of the percentage change.

After adoption of the proposed property tax levy, the Council will publish notice and hold a hearing on the proposed city budget.  

Coralville’s property tax levy rate is $14.3123 per $1,000 of taxable valuation. Coralville’s property tax levy rate is established by the City. The City Council is not proposing a change to the property tax rate for FY2024.

Anyone is welcome to attend the City Council meeting and participate in public hearings or speak during community comments. Coralville City Council meetings are open to all individuals regardless of language spoken or disability. Any person requiring a reasonable accommodation to participate should contact the City Clerk’s office at 319.248.1700 or tjohnson@coralville.org at least two business days prior to the meeting. Or, submit written comments to the City Clerk’s office at 1512 7th Street, Coralville, Iowa or by email at tjohnson@coralville.org no later than 5:00 pm on the day of the meeting.

For more information, please contact Kelly Hayworth, City Administrator, at 319.248.1700.  To learn more about the budget process, visit www.coralville.org/budget.  

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