Information Release - HF718 Mailing

MARION COUNTY AUDITOR

214 E Main St │Knoxville│IA│50138

PHONE: 641.828.2217

WEBSITE: marioncountyiowa.gov

Information Release – HF718 Mailing – FY26 Proposed Budgets Property Tax Hearing and Notices

A recent law change requires county auditors to mail a notice to county taxpayers by March 15 with state-specified information related to proposed local government budgets and proposed property tax rates. (Iowa Code 24.2A) 

The information is for estimated taxes payable in September 2025 and March 2026.  Property owners should receive a notice if you expect to receive a property tax bill in September.

The notice is not a property tax bill.  It includes data for Fiscal Year 2026 proposed city, school district and county budgets but does not include proposed budgets for smaller taxing authorities, such as the community college, assessor’s office, townships, and agricultural extension service. 

The purpose of the notice is to provide taxpayers with information about the proposed city, school district and county budgets in time for the taxpayers to address the proposals at public hearings held before the budgets are considered.  The date, time and location of the hearings are included in the notices.  The property tax levels may be lowered after the initial hearings but not increased.

Included on the notice is the impact of the proposed city, school, and county property tax rates on both a $100,000 residential property and $300,000 commercial property.  The actual impact of the tax rates on your property could be quite different than the examples in the notice, which assume a 10% increase in the assessed value for FY26.  If your property value was recently reassessed to a lower/higher amount, the example on the notice will not accurately reflect the effect of your valuation change on your property taxes.

Taxpayers owning more than one property may receive multiple letters if those properties are in different tax districts.

The following article was provided by the Iowa Department of Management (IDOM) detailing the notice. The IDOM website can be a resource for taxpayers receiving the notice at the following: https://dom.iowa.gov/property-taxes

For further information, contact the County Auditor’s Office at 641-828-2217.