July 16, 2019

Reassessment Report

By law, all counties in South Dakota must demonstrate to the Department of Revenue each year that the assessed values are between 85% and 100% of fair market value based on the sales of properties in the county. If a property owner feels that their assessed value is greater than market value, please contact the Equalization Office so the property can be reviewed.

***REMEMBER*** You will always see some kind of change in your value EVERY year, as properties depreciate or as sales fluctuate.

Factored (taxable) Value Report:

AREA 2017 2018 2019
Hot Springs City $   153,324,460 $   161,950,500 $   181,702,710
Edgemont City $      18,668,300 $     19,369,240 $    21,378,970
Oelrichs City $        2,837,590 $      2,909,810 $      3,136,770
Hot Springs School Dist $    373,975,380 $    397,222,990 $    438,764,980
Edgemont School Dist $      85,117,830 $       86,507,240 $    91,546,760
Oelrichs School Dist $       62,361,950 $       63,307,190 $    65,369,860
AG LAND & BUILDINGS $   144,730,140 $   145,381,280 $    142,763,610
County Wide Totals $  521,455,160 $   546,901,350 $  595,681,600
Total Countywide Increase = $   28,051,600 $   25,446,190 $   48,780,250

Return to Director of Equalization Page