June 28, 2022

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  2020 2021 2022
values still being finalized
 Hot Springs City  $  186,432,290  $   206,698,280  $ 276,436,016
 Edgemont City $   20,892,180  $    23,477,840  $ 32,391,903
 Oelrichs City  $  3,289,180  $      3,614,250  $ 3,753,149
 Hot Springs School Dist  $  465,529,640  $    515,948,650  $ 657,033,261
 Edgemont School Dist $   96,852,420  $    104,064,140  $ 127,317,861
 Oelrichs School Dist $ 70,923,260  $    74,855,450  $ 75,958,399
 AG LAND & BUILDINGS $  153,583,020  $    157,984,080  $ 150,229,748
 County Wide Totals  $   633,332,780
 $  694,868,240
 $ 860,309,521
 Total Countywide Increase =   $    37,477,810  $   61,535,460
 $ 165,441,281

 

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

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