While we are bragging about building permits for last year, we need to take into account many of these projects pay NO or little in property taxes;
- Jefferson High School, $68.4 million
- Ben Reifel Middle School, $27.9 million
- The city of Sioux Falls pump station, $22.3 million
- Encompass Health Rehabilitation Hospital, $15.5 million
- Avera McKennan operating room renovation, $12 million
- Avera Human Performance Center, $11.7 million
- Avera Presentation Center, $7 million
As you can see almost $145 million in projects will pay little to no property taxes. So what is the economic impact? Higher taxes for the rest of us working stiffs.
See all of the stats HERE