March 3, 2024

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  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

 

 

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