Local taxes › Story County › Nevada

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Nevada

Story County · How cities work

$2,990 a yearproperty tax on a $200,000 home here, FY27, for every local government ($35.55 per $1,000 of taxable value)1
$1,230 a yearof that goes to the city ($14.58 per $1,000)
$5.0Mproperty taxes the city levies, FY27
$15.5Mcity budget, FY27, without city-run utilities (not yet reported)2

Who runs it

The city council passes ordinances, adopts the budget and sets the city’s property tax.

  • Andy KellyNevada City Council At-Large · elected November 4, 2025
  • Charles GoodNevada City Council Ward 4 · elected November 4, 2025
  • Luke Adam SpenceNevada City Council Ward 2 · elected November 4, 2025
  • Ryan CondonNevada Mayor · elected November 4, 2025
  • Henry T. CorbinNevada City Council Ward 1 · elected November 7, 2023
  • Jason SampsonNevada City Council At-Large · elected November 7, 2023
  • Sandy EhrigNevada City Council Ward 3 · elected November 7, 2023

Officials are worked out from election results: every member whose four-year term is still running, plus appointments and titles Iowa Funnel has been told about. A resignation may not show yet.

Meetings and agendas

What the council is deciding: each agenda, the resolutions and ordinances on it, and a plain-language summary.

Iowa Funnel doesn’t read this city’s agendas yet. Every council and board posts its agenda at least 24 hours before it meets.

Property taxes

How the bill is collected · What each levy is for

Who gets a property owner’s tax bill in Nevada

Homes and businesses in most of Nevada pay a combined $35.55 per $1,000 of taxable value (FY27). They pay it all to the Story County treasurer, who passes each government its share; the city sets and gets only its own piece, $14.58. Estimate your bill.

  • City of Nevada$14.5841%
  • Nevada schools$14.1640%
  • Story County$4.3412%
  • Story County Hospital$1.083%
  • Des Moines Area Community College$0.812%
  • Story County Assessor$0.471%
  • Story County Extension (ISU Extension and Outreach)$0.11<1%

Rates over time

Per $1,000 of taxable value: the typical combined rate people in Nevada pay, and the city government’s own piece of it.

YearCombinedCity’s own
FY20$38.71$14.62
FY21$36.44$14.62
FY22$36.62$14.62
FY23$36.00$14.61
FY24$36.00$14.61
FY25$34.92$14.61
FY26$34.98$14.61
FY27$35.55$14.58
Show the numbers
YearCombinedCity’s own
FY20$38.71$14.62
FY21$36.44$14.62
FY22$36.62$14.62
FY23$36.00$14.61
FY24$36.00$14.61
FY25$34.92$14.61
FY26$34.98$14.61
FY27$35.55$14.58

Compared with places this size3

Nevada’s city property tax rate of $14.58 per $1,000 is the 20th lowest of 52 Iowa cities with 4,700–11,000 people. The middle of the group is $15.14.

Red Oak: $20.65Oelwein: $20.16Keokuk: $19.68Independence: $19.01Iowa Falls: $18.86Fort Madison: $18.84Denison: $18.69Perry: $17.91Waverly: $17.53Atlantic: $17.48Knoxville: $17.46Clarinda: $17.25Centerville: $16.85Algona: $16.75Fairfield: $16.69Webster City: $16.51Vinton: $16.25Winterset: $16.15Humboldt: $16.00Anamosa: $15.95Charles City: $15.95Grinnell: $15.60Decorah: $15.52Sheldon: $15.33Estherville: $15.27Washington: $15.21Harlan: $15.07Shenandoah: $15.02Creston: $14.99Manchester: $14.96Cherokee: $14.82Glenwood: $14.77Osceola: $14.37Windsor Heights: $14.30Orange City: $14.01Hiawatha: $13.78Sergeant Bluff: $13.70Adel: $13.43Maquoketa: $12.85Le Claire: $12.64Mount Pleasant: $11.94Tiffin: $11.80Huxley: $11.68Carroll: $11.25Sioux Center: $11.05Polk City: $11.00Bondurant: $10.82Spirit Lake: $10.17Clear Lake: $9.85Asbury: $8.32Eldridge: $8.13Nevada: $14.58$8.13 lowest$20.65 highestmiddle
See all 52
#PlaceRate per $1,000People
1Red Oak$20.655,420
2Oelwein$20.165,788
3Keokuk$19.689,462
4Independence$19.016,266
5Iowa Falls$18.864,993
6Fort Madison$18.849,983
7Denison$18.698,302
8Perry$17.918,046
9Waverly$17.5310,576
10Atlantic$17.486,717
11Knoxville$17.467,440
12Clarinda$17.255,334
13Centerville$16.855,345
14Algona$16.755,341
15Fairfield$16.699,511
16Webster City$16.517,763
17Vinton$16.254,962
18Winterset$16.155,421
19Humboldt$16.004,774
20Anamosa$15.955,845
21Charles City$15.957,081
22Grinnell$15.609,495
23Decorah$15.527,454
24Sheldon$15.335,584
25Estherville$15.275,796
26Washington$15.217,281
27Harlan$15.074,898
28Shenandoah$15.024,878
29Creston$14.997,421
30Manchester$14.965,283
31Cherokee$14.825,186
32Glenwood$14.775,250
33Nevada$14.587,082
34Osceola$14.375,585
35Windsor Heights$14.305,106
36Orange City$14.016,547
37Hiawatha$13.787,347
38Sergeant Bluff$13.705,335
39Adel$13.436,763
40Maquoketa$12.856,064
41Le Claire$12.644,776
42Mount Pleasant$11.948,509
43Tiffin$11.806,695
44Huxley$11.684,737
45Carroll$11.2510,125
46Sioux Center$11.058,675
47Polk City$11.006,430
48Bondurant$10.829,511
49Spirit Lake$10.175,548
50Clear Lake$9.857,602
51Asbury$8.326,051
52Eldridge$8.136,967

The $8.10 limit

Nevada’s general levy is $8.10 per $1,000 of taxable value in FY27, at the limit.4 247 of 934 Iowa cities have a higher general levy. All cities.

FY23 $8.10 · FY24 $8.10 · FY25 $8.34 · FY26 $8.10 · FY27 $8.10 (before FY25, the general levy alone)

Outside the limit: $6.48 more5

  • Total Employee Benefit Levies$2.88 · $953,477
  • Debt Service Levy$2.48 · $954,047
  • Liability, property & self insurance costs$0.87 · $288,945
  • Capital Projects (Capital Improv. Reserve)$0.25 · $82,833

Tax increment financing (TIF)

$52.9M of taxable value in Nevada is in TIF districts’ increment (14% of the city’s taxable value), 2025 valuations, taxed in FY27.6 It budgeted $1.5M in TIF revenue for FY25.

$3.2M
$546,953
YearTIF revenue
FY16$2.5M
FY17$3.0M
FY18$3.0M
FY19$3.2M
FY20$1.0M
FY21$909,423
FY22$1.2M
FY23$546,953
Show the numbers
YearTIF revenue
FY16$2.5M
FY17$3.0M
FY18$3.0M
FY19$3.2M
FY20$1.0M
FY21$909,423
FY22$1.2M
FY23$546,953

The city’s levies, FY27

What the city raises from each levy. The general levy is capped by state law; the others are set aside for one purpose.

  • Consolidate General Fund$2.7M54%
  • Debt Service Levy$954,04719%
  • Total Employee Benefit Levies$953,47719%
  • Liability, property & self insurance costs$288,9456%
  • Capital Projects (Capital Improv. Reserve)$82,8332%

Budget and spending

Reading a local budget

Where each dollar of Nevada’s budget goes, FY26

Business Type / Enterprise: 34¢ of every dollar34¢Capital Projects: 25¢ of every dollar25¢Public Safety: 10¢ of every dollar10¢Culture and Recreation: 8¢ of every dollar8¢Debt Service: 8¢ of every dollar8¢Everything else: 17¢ of every dollar17¢

Planned spending from all funds, including city-run utilities like water and sewer (“business type”), which some cities run and others don’t. Transfers between funds are left out. “Cities this size” is the average for the 51 Iowa cities closest in size (4,700–11,000 people).

Where it goesOf each dollarCities this size (51)
Business Type / Enterprise34¢36¢
Capital Projects25¢21¢
Public Safety10¢13¢
Culture and Recreation8¢7¢
Debt Service8¢7¢
Everything else17¢16¢

Planned spending, FY27

All funds: property taxes, utility and other fees, state and federal money. “Business type” is city-run utilities and enterprises like water or sewer.

  • Capital Projects$4.8M31%
  • Culture and Recreation$2.5M16%
  • Public Safety$2.3M15%
  • Debt Service$2.3M15%
  • Public Works$1.4M9%
  • General Government$1.1M7%
  • Community and Economic Development$994,3716%
  • Health and Social Services$50,0000%

The state’s FY27 file doesn’t include business type / enterprise yet ($8.6M in FY26), so this total is low.

Budget compared with what it spent, FY23
FunctionBudgetSpent
Public Works$967,094$836,058
Public Safety$1.7M$1.9M
Health and Social Services$53,000$16,484
General Government$867,923$861,069
Debt Service$1.8M$1.4M
Culture and Recreation$2.1M$1.8M
Community and Economic Development$804,544$788,772
Capital Projects$7.3M$4.7M
Business Type / Enterprise$37.3M$30.3M

What it spent each year

FY24 left out7

$42.5M
$34.1M

State money

What the State of Iowa pays the city each year, and whether it has kept up with prices. Does state money keep pace? 8

What the state pays the city every year

Road Use Tax for streets, the commercial and industrial tax “backfill”, and ambulance reimbursement, paid every year by formula: $1.1M in FY25, up 0% since FY19 while prices rose 25%, so it buys 20% less. Grants are below.

Show the numbers
SourceFY22FY23FY24FY25
Road Use Tax (streets)$954,102$952,958$978,174$983,483
Commercial and industrial tax replacement (“backfill”)$28,208–$104,120$120,502

Grants and project money

State grants and money for specific projects (roads, development, natural resources) vary with what the city applies for and wins, so they aren’t counted as the state’s regular support.

$1.2M
$378,582
  • State grants$238,58263%
  • Iowa Economic Development Authority$140,00037%
YearGrants and projects
FY19$24,991
FY20$134,617
FY21$598,908
FY22$121,521
FY23$1.2M
FY24$384,049
FY25$378,582
Show the numbers
YearGrants and projects
FY19$24,991
FY20$134,617
FY21$598,908
FY22$121,521
FY23$1.2M
FY24$384,049
FY25$378,582

Has it kept up with prices?

Each source from FY19 to FY25, after inflation.

  • Road Use Tax (streets)−11%$878,205 → $983,483, up 12% since FY19 while prices rose 25%, so it buys 11% less
  • Commercial and industrial tax replacement (“backfill”)−57%$223,013 → $120,502, down 46% since FY19 while prices rose 25%, so it buys 57% less

Collected by the state for the city

The local option sales tax is a city tax voters approved; the state collects it with the state sales tax and sends it back. It isn’t state aid. It’s up 36% since FY19 while prices rose 25%, so it buys 8% more.

$1.3M

Federal grants, for comparison: $302,016 in FY25.

Elections

Most recent: November 4, 2025

City · 4

Local races from civicAPI and county auditors for Nevada; official results are on each county auditor’s site.

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