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 | 2021 | 2022 | 2023 |
| values still being finalized | |||
| Hot Springs City | $ 206,698,280 | $ 266,325,487 | $ 327,673,309 |
| Edgemont City | $ 23,477,840 | $ 31,140,966 | $ 40,599,167 |
| Oelrichs City | $ 3,614,250 | $ 3,666,176 | $ 5,941,820 |
| Hot Springs School Dist | $ 515,948,650 | $ 639,300,095 | $ 805,133,427 |
| Edgemont School Dist | $ 104,064,140 | $ 125,319,733 | $ 147,465,374 |
| Oelrichs School Dist | $ 74,855,450 | $ 75,473,553 | $ 90,484,282 |
| AG LAND & BUILDINGS | $ 157,984,080 | $ 149,674,584 | $ 164,248,437 |
| County Wide Totals | $ 694,868,240 |
$ 840,093,381 |
$ 1,043,063,082 |
| Total Countywide Increase = | $ 61,535,460 |
$ 145,225,141 |
$ 202,969,701 |
