NICC Proposes Property Tax Decrease

Northeast Iowa Community College leaders are proposing a third year of property tax decreases for residents in their service area. NICC financial accountant Lexi Wagner told the college Board of Trustees on Monday that officials recommend setting the tax rate for the 2022 fiscal year at about 91 cents per $1,000 of taxable valuation — a little more than 4 cents lower than the current rate. Wagner and Dave Dahms, vice president of finance and administration, shared with board members an $88.3 million proposed certified budget to submit to the state for fiscal year 2022. Board members voted to set a public hearing on the matter for Feb. 15. Dahms says he sees some positive signs for the college’s finances as some effects of the COVID-19 pandemic start to stabilize.