SF 356 Analysis - IOWA League

SF 356 | Impact Analysis Data

Raw Data Source: Iowa DOM, pulled 3/2023

The below data is applicable to SF 356 which is no longer the most recent version of the Senate’s property tax reform. An update to this data is being worked on and will be available soon.

To view the impact on a single city, begin typing the city name in the City field.

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City:

wdt_ID	CityID	City	Year	Valuation Budget Line 2a	Change from Prior Year	Actual CGFL	Actual CGFL-generated Prop Taxes	SF356 CGFL	SF356 CGFL-generated Prop Taxes	Difference in $ Generated from Actuals to SF356	Change in Actual CGFL Revenues from Prior Year	% Change in CGFL Revenues based on SF356 from Prior Year
1	100,022	ACKLEY	2017	34591511		8.37	289,510
2	100,022	ACKLEY	2018	35741901	0.03	8.37	299,159	8.17	291,842	-7,316.98	0.03	0.01
3	100,022	ACKLEY	2019	36882589	0.03	8.37	308,707	7.97	293,811	-14,896.23	0.03	0.01
4	100,022	ACKLEY	2020	40085400	0.09	8.37	335,515	7.72	309,273	-26,241.67	0.09	0.05
5	100,022	ACKLEY	2021	39311014	-0.02	8.37	329,033	8.10	318,419	-10,613.79	-0.02	0.03
6	100,022	ACKLEY	2022	42152904	0.07	8.51	358,511	7.85	330,691	-27,819.94	0.09	0.04
7	100,022	ACKLEY	2023	43563672	0.03	8.51	370,509	7.60	331,001	-39,507.95	0.03	0.00
8	100,023	ACKWORTH	2017	4328783		3.00	13,000
9	100,023	ACKWORTH	2018	4428629	0.02	2.94	13,000	3.00	13,300	299.84	0.00	0.02
10	100,023	ACKWORTH	2019	4727291	0.07	2.74	12,974	2.91	13,750	775.89	0.00	0.03
		City

Valuation uses budget line 2a, non-TIF value without ag land or ag buildings.
(Note that some of the values in the row for 2017 are blank because it is the first year for which DOM data was available.)
If a city’s CGFL is under $8.10 AND they are below the growth trigger, they may elect a max CGFL from $8.10 and lower for the next budget year. While many cities would not elect a significant increase in the levy that may be possible in those cases, this model uses the $8.10 maximum reflective of the SF356 maximum.
CGFL = combined general fund levy, and refers to the group of levies specified in the bill that would be combined together and then deleted as separate levies.

Tooltips and Explanations

Column	Description
City	City Name
Year	Budget Year 2017-2023
Valuation, Budget Line 2a	Shows the city’s valuation by year (For the purposes of the bill, this is line 2a from your budget cert page, showing non-TIF taxable valuation less ag land and ag buildings.)
Valuation % Change from Prior Year	Shows the % change from the prior year’s valuation. In SF 356, this is what determines whether a city has “triggered” a set valuation growth level which means they must lower their CGFL levy.
Actual CGFL	Shows what the city’s actual CGFL was in the years 2017-2023
Actual CGFL-generated Prop Taxes	Shows the amount of property taxes that were actually generated (with utility replacement) from the CGFL levies for each year.
SF 356 CGFL	Shows what the CGFL levy would have been IF SF 356 were put into place beginning with 2017.
SF 356 CGFL-generated Prop Taxes	Shows the amount of property taxes that would have been generated from the CGFL levies for each year IF SF 356 had but put into place beginning with 2017.
Difference in $ Generated from Actuals to SF 356	Shows the difference in property tax dollars that would have been generated from actuals to SF 356.
% Change in Actual CGFL Revenues from Prior Year	Shows the percentage change in revenue year-to-year based on actual CGFL levies derived from the city’s budget. It is not cumulative.
% Change in CGFL Revenues based on SF 356 from Prior Year	Shows the percentage change in revenue year-to-year based on SF 356 CGFL levies only. It is not cumulative.