Atlantic City Proposes Lower Property Tax Levy for FY27

City administrator says new budget will result in 3.97% increase in tax revenue despite lower levy

Published on Feb. 23, 2026

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Atlantic City Administrator John Lund told the City Council that the property tax levy is expected to decrease as part of the fiscal year 2027 budget process, though the net impact would be an increase of $181,689 in new property tax revenue, representing a 3.97% increase. The total property tax levied would be $4,688,676.24.

Why it matters

This proposed change in the property tax levy reflects Atlantic City's efforts to balance the needs of residents and businesses while managing its budget. Lower property taxes could provide relief to homeowners, while the overall increase in revenue suggests the city is still able to fund necessary services and projects.

The details

Lund said scheduling a public hearing on the proposed levy is a required step and an important first move in finalizing the FY27 budget. He has proposed lowering the property tax levy, noting that legislation implementing the changes is currently being drafted. Despite the proposed levy adjustments, Lund said the net impact would be an increase of $181,689 in new property tax revenue for fiscal year 2027.

  • The City Council adopted a resolution setting April 1 at 5:00 p.m. as the date and time for the required public hearing on the city's maximum property tax dollars.
  • The specific levy amounts must be finalized and entered into the Iowa Department of Management's digital system.

The players

John Lund

Atlantic City Administrator who proposed lowering the property tax levy for fiscal year 2027.

Atlantic City Council

The city council that adopted a resolution setting a public hearing date on the proposed property tax levy changes.

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What they’re saying

“Scheduling a public hearing on the proposed levy is a required step and an important first move in finalizing the FY27 budget.”

— John Lund, Atlantic City Administrator (westerniowatoday.com)

What’s next

The public hearing on the city's maximum property tax dollars for fiscal year 2027 is scheduled for April 1 at 5:00 p.m. After this hearing, the specific levy amounts will be finalized and entered into the state's digital system.

The takeaway

Atlantic City's proposed lower property tax levy for fiscal year 2027, while resulting in an overall increase in tax revenue, demonstrates the city's efforts to balance the needs of residents and businesses through careful budget management and public input.