Black Hills Knowledge Netowork

The total property value of Lead in 2016 was $127,928,923.
The total property value of Lead in 2016 was $127,928,923.
Blackk Hills Knowledge Network photo
September 12, 2016

City of Lead Decreases Property Tax

Mayor Ron Everett announced last week that he plans to lower the City of Lead’s mill levy and property tax for the 2017 city budget, as reported by the Black Hills Pioneer. Although the total property value of Lead had increased slightly from 2015 to 2016, an increase in sales tax revenue was cited as the justification for lowering the property tax.

Everett attributed the increase in sales tax to a rejuvenated Main Street and the bustling Sanford Lab Homestake Visitor Center. Everett also noted that an improved economy and sound financial policies in city offices made lowering property taxes a possibility.

To learn more about the City of Lead, visit the Black Hills Knowledge Network’s online news archive

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