Although Mitchell's sales tax increases are perplexing as the nation saw inflation rise as high as 9.1% this year - a jump that hasn’t been seen since 1981 - City Administrator Stephanie Ellwein said the city’s ability to collect remote sellers tax has been pivotal for Mitchell.
“I fear – and I’ll fight it as long as I can – personal income tax and corporate tax like many of our other states have. You start cutting your primary sources of revenue, you have to replace it,” Dist. 20 Rep. Lance Koth said during a meeting held in Mitchell.
“When these four TIFs dissolved due to all of the associated costs being paid off, that’s all shown as new growth. Because of these TIFs, it’s brought a huge amount of assessed value to the city,” City Administrator Stephanie Ellwein said.
To get a clearer understanding of how the latest property valuations have increased the downtown BID tax amounts, the Midtown Plaza building along Fourth Avenue and Navin apartments, are both facing a $3,000 special assessment tax for 2023.