The rebate shall only apply to the City of Lead municipal real property taxes. The rebate of city municipal real property taxes shall be paid to the owner of the real property by December 15 of each year. This rebate shall be equal to the property taxes received by the city, without interest, and shall not act as a credit toward any state or federal taxes. The city shall have the right to withhold any or the entire rebate to offset any past due property taxes or unpaid assessments on the real property, or any fines, judgments or other debts owed to the city by the property owner.
(Ord. 1057-17, passed 1-2-2018; Ord. 1073-20, passed 7-20-2020)