City tax rolls approved
Acting as the board of tax equalization, the Rugby City Council approved tax assessment rolls for 2018 in a meeting Tuesday evening at City Hall.
The true and full value of residential land decreased from just over $117 million in 2017 to just over $115.4 million in 2018, or by 1.4 percent.
The true and full value of ag land increased from $257,151 in 2017 to $264,865 in 2018, or by 3 percent.
The true and full value of commercial land increased from nearly $48.5 million in 2017 to just over $50.2 million in 2018, or by 3.7 percent.
Compared to 2017, the total true and full value of land increased by $186,688 in 2018, or by 0.1 percent.
Between the three types of land, taxes from one mill totaled out to $7,720.08 ($5,194.14 from residential, $13.24 from ag, $2,512.69 from commercial)-an increase of $17.36 from 2017’s mill value. Adjusted for exemptions, the total comes down to $7,693.07, which is a decrease of $9.65 from 2017’s mill value.
The true and full value of new construction for 2018 is at over $4.1 million. The true and full value for demolitions this year is at $142,778.
The council approved new residence exemptions for the 2018-19 year. Exemptions were approved for Derrick & Shannon Welk, Sheila Vescovi and Kevin & Teri Allickson as first-time occupants. An exemption for Nathan Kunde was approved, with his application being for builder of a new single family residential property.
Ward 4 Councilwoman Sue Steinke and City Attorney Bill Hartl were both absent for the meeting.
In a special meeting prior to the tax equalization meeting, the council approved a bid for $8,300 from Dakota Design Floors, Inc., of Carpenter, S.D., for a rubber base to be installed around the perimeter of the gymnasium floor in the Rugby Armory. The bid price would cover materials and installation.
– Tribune Staff Report
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