December 1, 2020

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  2018 2019 2020
 Hot Springs City  $   161,950,500  $   181,702,710  $  186,432,290
 Edgemont City  $     19,369,240  $    21,378,970  $   20,892,180
 Oelrichs City  $      2,909,810  $      3,136,770  $  3,289,180
 Hot Springs School Dist  $    397,222,990  $    438,764,980  $  465,529,640
 Edgemont School Dist  $       86,507,240  $    91,546,760  $   96,852,420
 Oelrichs School Dist  $       63,307,190  $    65,369,860  $ 70,923,260
 AG LAND & BUILDINGS  $   145,381,280  $    142,763,610  $  153,583,020
 County Wide Totals   $   546,901,350   $  595,681,600   $   633,305,320
 Total Countywide Increase =    $   25,446,190   $   48,780,250   $    37,623,720

 

Note: All numbers are taken from the original Abstract run in May each year.

Return to Director of Equalization Page

Skip to content