FALL RIVER COUNTY, SD – The Director of Equalization in Fall River County had an office policy for many years of only assessing a building once it had reached a stage of 50% complete. It has been brought to our attention that this policy is not in line with South Dakota codified law.
Beginning in 2022 buildings will be assessed for the portion of the building that is complete as of November 1st.
For instance, if a building is 35% complete on November 1st, 2022, it will be assessed at 35% of its complete value on the March 2023 assessment notice and taxed on that amount in January 2024.
As many of our local contractors and the general public have been aware of the 50% policy, we are issuing this press release to notify everyone of the change.
