City of Ely, Iowa

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Saturday October 6, 2012

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Budget & Financial Stuff

This page includes some information on the financial aspects of the City of Ely, including the City’s annual budget and the most recent annual financial report. 

·         Budget for next Fiscal Year June 30, 2010 through July 1, 2011

·         Budget for current Fiscal Year 2009-10

·         Financial Report for Fiscal Year July 1, 2008 through June 30, 2009

·         Budget for fiscal year, July 1, 2008 through June 30, 2009

·         Budget for fiscal year: FY 2007 - 08

·         Financial Report for Fiscal Year July 1, 2007 through June 30, 2008

·         Budget for Fiscal Year 2006-07

·         Annual Financial Report for Fiscal Year 2006-07

·         Annual Financial Report for July 1, 2005 through June 30, 2006.

 

Property Tax Rates

(per $1,000 of taxable value) 

 

 City of Ely

 Linn County

 College Community School District

 Other*

 Total Levy

 Ely % of Total

FY 08-09 Actual

$         10.33270

$     6.14971

$    16.84626

 $    1.47989

 $  34.80856

30%

FY 07-08 Actual

$         10.44361

$    5.89000

$   17.33321*

 $    1.23853

 $  34.905353

   30%

FY 06-07 Actual

$        10.44518

 $    5.69014

$    17.33321

 $    1.23853

 $  34.707060

30%

FY 05-06 Actual

$        10.44523

 $    5.73231

$    15.21947

 $    0.97102

 $  32.368030

32%

FY 04-05 Actual

$        10.38312

 $    5.51347

$    13.42574

 $    0.98101

 $  30.303340

34%

FY 03-04 Actual

$        10.27630

 $    5.29322

$    14.73088

 $    0.97721

 $  31.277606

33%

 

 

 

Ely has experienced considerable residential, and some commercial, growth over the last several years.  Growth affects the City’s finances in the form of “taxable value”, which is the amount the property tax rate is applied to when you pay your property taxes.  Increasing “taxable value” means Ely is able to minimize property taxes to the greatest extent possible.

 

 

Taxable Value - City of Ely

Fiscal Year

General Taxable Valuation

Taxable Valuation Including TIF District

Ag Land Value

Total Taxable Value, All Land Classifications

2008-09

38,636,144

      45,111,970

249,800

      45,361,770

2007-08

            35,602,184

      42,329,870

            248,039

      42,577,909

2006-07

            33,551,493

      40,576,276

            255,767

      40,832,043

2005-06

            31,181,337

      38,300,922

            252,293

      38,553,215

2004-05

            29,034,917

      36,104,759

            257,201

      36,361,960

2003-04

            25,607,231

      32,512,784

            298,369

      32,811,153

 

 

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