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Ankeny City Council Approves Property Tax Decrease

Post Date:03/12/2019 11:13 a.m.

The Ankeny City Council approved a 40 cent per $1,000 decrease to the city property tax levy in the FY 2020 budget on Monday. This is the sixth consecutive year that the Ankeny City Council has lowered the property tax rate. The new budget will go into effect July 1, 2019.

The FY 2020 budget for Ankeny is comprised of operating expenditures totaling approximately $95 million and capital improvement expenditures of $41 million. These expenditures amount to a total budget of nearly $136 million. The FY 2020 budget supports the City Council’s goal to be a high performing organization that is financially sound while maintaining service levels and investing in core priorities.

The $136 million budget reduces the property tax rate from $10.75 to $10.35 per $1,000 of taxable assessed value; the 40 cent reduction is in the general and debt service levies. Ankeny’s general fund levy of $6.10 per $1,000 of assessed value remains the lowest of any sizable city in Polk County and is significantly below the $8.10 statutory cap.

“Residential and record breaking commercial and industrial growth along with prudent fiscal management have allowed the Ankeny City Council to once again decrease the city property tax levy,” said City Manager David Jones. “As the fourth fastest growing city in the U.S., it is impressive that we are able to manage our growth by meeting the service and infrastructure demands while being able to simultaneously lower the tax rate six consecutive years.”

The budget includes the addition of 10.92 new full-time equivalent employees to help meet growth based needs for services, which includes additional staffing for the new Ankeny Kirkendall Public Library. The new positions for FY 2020 include: two patrol officers, a police sergeant, a police criminal intelligence analyst, two library associates (filled with part-time staff), a public services manager, park maintenance technician, equipment operator, engineering technician, a part-time administrative clerk and a part-time accounting clerk.
Also included in the budget are large capital improvement projects, some highlights include: former library renovation to serve as the new city-owned Public Services Building, South Ankeny Boulevard and SE Shurfine/SW Prairie Trail Parkway intersection improvements, NE 54th Street bridge replacement and trail connection, High Trestle Trail extension and SE Creekview Drive drainage and paving improvements.

The City’s FY 2020 budget includes a seven percent increase in water usage rates and an anticipated 75 cent per month increase in solid waste rates. Water availability, stormwater and sewer rates will not increase. With all factors considered, an owner of $201,550 home will pay approximately $9 more each year for City services, an increase of about 0.4 percent. A $1 million business owner can expect to see an estimated decrease in costs of approximately $313 a year for City services. The water rate increase was necessary due to both a 7 percent increase in wholesale water rates and the need for capital investments in the system to address both needs for existing customers and prepare for further growth.

The City of Ankeny receives approximately 27 cents of each dollar paid in property taxes. There are eight other entities that collect revenue from those who pay property taxes in Ankeny. As of this current fiscal year, to follow is the breakdown by percentage:
• 44% - Ankeny Community School District
• 29% - Polk County, Broadlawns Medical Center, DMACC, DART, Polk County Assessor, Polk County Ag Extension and State of Iowa
• 27% - City of Ankeny

The Ankeny City Council held four public meetings to discuss the FY 2020 budget, all of which were open to the public. More information about the FY 2020 budget can be found on the City of Ankeny website: https://www.ankenyiowa.gov/our-city/budget.



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