The Meade County Director of Equalization recently proposed a reduction in agricultural land values due to drought conditions, reports the Black Hills Pioneer. A recent report from the United States Drought Monitor indicated that over half of Meade County is in a severe drought category while the other half is listed under moderate drought. Last summer, much of Meade County experienced extreme drought—the monitor’s second highest rating.
The proposal breaks down the reduction in several ways. A 3.5% reduction will be made due to the land’s size and location, while another 10% will be included based on the drought declaration in 2016. The final 16% reduction is made according to the 2017 drought declaration.
The proposal would would have to be carried out by the Meade County Commission and would involve a dispute with the state’s equalization director. If the Meade County Commission approved the reduction in ag land values, state officials could reject it. Such a change would have an impact on the county’s finances, especially its schools.
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