The Finance Department is responsible for managing the city's money. The department both manages all current financial operations and ensures the city maintains a strong fiscal position for the future.
Specific responsibilities of the Finance Department include:
- Advising the City Council, staff and various boards of financial issues related to current projects and operations
- Creating monthly and annual financial reports
- Developing plans to finance city projects and operations
- Maintaining all funds in various bank and investment accounts
- Managing the city's debt
- Preparing the annual budget
- Processing and paying bills for all departments
- Processing payroll for all employees
- Processing the billing for four municipal utilities - electric, gas, water and sewer
- Receiving and depositing payments from customers
Summary of City Finances
- Are city property taxes in Sioux Center high?
Sioux Center’s city property tax rates are regularly ranked low among cities in northwest Iowa. To view comparisons with other local tax rates, view Area Property Tax Rates
To view comparisons with all Iowa cities, visit Tax Rate Web site, click the City Tax Rates link on the left, and open the file "Consolidated Tax Rate Comparison Between Cities."
For more details on this topic, view the FAQ: "Why did my tax bill go up even though the city did not raise taxes?"
- What percentage of my property tax payment does the city get?
If you live in the city limits, the city gets approximately 33% of your property tax payment. The school gets around 51%, the county gets 13% and the community college gets 3%. There are also some businesses located in TIF areas where a portion of the tax bill is split with these percentages and a portion is diverted to a particular project.
If you live outside of city limits, no portion of your property taxes goes to the city.
- Why did my tax bill go up even though the city did not raise taxes?
There are five factors that determine your tax bill. Four of these factors are tax rates set by the school, city, county and community college. The fifth factor is your property valuation. If all four entities did not raise taxes but your property valuation increased, your individual tax bill could still be higher.