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.
