POLK COUNTY FAIRGROUNDS & EVENT CENTER LOCAL OPTION TAX

This measure authorizes Polk County to levy a five (5) year local option tax of up to $0.12/$1,000 assessed value
beginning in 2027 for the purpose of providing funding to the Polk County Fairgrounds & Event Center for operations,
maintenance and improvements.

Monies generated from the local option tax will be used for the operations and maintenance of the facility (approximately
35% annually), and the remaining monies will be utilized to make improvements to the electrical system, the resurfacing
of the parking areas, replacing interior walkways and paths, interior/exterior improvements to the main building, HVAC upgrades for multiple buildings, replacement of main building roof and technological upgrades to the facility.
The authorization of this measure will impact a properly with an Assessed Value of $300,000 (not Real Market Value) by increasing your current property taxes by $36.00 in year one of the measure.

The $0.12/$1,000 local option tax will generate $1,020,000 in 2027, $1,055,700 In 2028, $1,092,650 in 2029, $1,130,900 in 2030, and $1,170,500 in 2031 for a total of $5,469,750.

The estimated tax cost for this measure is an ESTIMATE ONLY based on the best information available from the County Assessor at the time of estimate and may reflect the impact of early payment discounts, compression, and the collection
rate.

Shall Polk County authorize a five-year Fairgrounds/Event Center local option tax of up to $0.12/$1,000 assessed value beginning 2027-2028?

This measure may cause property taxes to increase more than three percent.