Consumer Price Index

Rapid City Property Taxes Increase By 1 Percent

Sep 7, 2017
Lee Strubinger / SDPB

The Rapid City Common Council is approving a property tax hike as a part of crafting this year’s budget.

According to city documents, the one percent rate hike will generate an additional $160,000 dollars for city coffers.

Meanwhile, the mayor is vetoing funding for a city program that coordinates seniors for volunteer opportunities.

Since 2011, anytime the city wants to raise property taxes it must be debated separately. According to officials, prior to then property taxes would increase with the Consumer Price Index rate of inflation.