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Board lowers assessed land value for Rushmore Goldtown parcel in floodplain
Summary
Keystone trustees voted unanimously on March 16 to reduce the assessed land value for an unplatted Reed Placer parcel owned by Rushmore Goldtown from $41,900 to $37,900, citing floodplain status and no improvements.
The Town of Keystone Board of Trustees reduced the assessed land value for a Rushmore Goldtown parcel (Parcel ID: 70-09-106-006; Tax ID: 3838) from $41,900 to $37,900 during its March 16 Board of Equalization session. Trustee David Cofoid moved the reduction; School Board Member Jacob Rapp seconded and the vote was unanimous in favor.
The appellant told the board the land lies in a floodplain and has not been improved, a factor the board accepted in setting the lower value. The board handled this item as a routine appeal during a meeting that began at 6:00 p.m.
