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Board Approved 3/11/2024
Local Government Property Valuation System
NOTICE OF PUBLIC HEARING -PROPOSED PROPERTY TAX LEVY Proposed SIOUX CITY Property Tax Levy Fiscal Year July 1, 2024 - June 30, 2025 | ||
Location of Public Hearing: Sioux City Community School District Educational Service Center 627 4th Street Sioux City, IA 51101 | Date of Public Hearing: 3/25/2024 | Time of Public Hearing: 05:00 PM |
Location of Notice on School Website: Notice of Proposed Property Tax Levy | Sioux City Community Schools (siouxcityschools.org) |
At the public hearing any resident or taxpayer may present oral or written objections to, or arguments in favor of the proposed tax levy. After the hearing of the proposed tax levy, the Board will publish notice and hold a hearing on the proposed budget.
Current Year Final Property Tax Dollar Levy FY 2024 | Budget Year Effective Property Tax Dollar Levy (No change in Property Tax Dollars Levied) FY 2025 | Budget Year Proposed Property Tax Dollar Levy FY 2025 | ||
General Fund Levy | 1 | 30,712,817 | 30,712,817 | 30,308,372 |
Instructional Support Levy | 2 | 2,388,121 | 2,388,121 | 3,514,629 |
Management | 3 | 4,428,971 | 4,428,971 | 5,167,519 |
Amana Library | 4 | 0 | 0 | 0 |
Voted Physical Plant and Equipment | 5 | 0 | 0 | 0 |
Regular Physical Plant and Equipment | 6 | 1,122,317 | 1,122,317 | 1,170,940 |
Reorganization Equalization | 7 | 0 | 0 | 0 |
Public Education/Recreation (Playground) | 8 | 0 | 0 | 0 |
Debt Service | 9 | 0 | 0 | 0 |
Grand Total | 10 | 38,652,226 | 38,652,226 | 40,161,460 |
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| Current Year Final Property Tax Rate FY 2024 | Budget Year Effective Property Tax Rate (No change in Property Tax Dollars Levied) FY 2025 | Budget Year Proposed Property Tax Rate FY 2025 |
Grand Total Levy Rate |
| 12.43831 | 11.94380 | 12.37913 |
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Property Tax Comparison |
| Current Year Property Taxes | Proposed Property Taxes | Percent Change |
Residential property with an Actual/Assessed Value of $100,000 |
| 680 | 574 | -15.59 |
Commercial property with an Actual/Assessed Value of $100,000 |
| 680 | 574 | -15.59 |
Note: Actual/Assessed Valuation is multiplied by a Rollback Percentage to get to the Taxable Valuation to calculate Property Taxes. Residential and Commercial properties have the same Rollback Percentage at $100,000 Actual/Assessed Valuation.
Reasons for tax increase if proposed exceeds the current:
The Instructional Support Program increase is to help support instructional staffing, including special education and for curriculum materials and other instructional supplies. The Management Fund levy increase is due to continued increases in the premiums for property and liability insurance.