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.
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