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 | 2022 | 2023 | 2024 |
| Hot Springs City | $ 266,325,487 | $ 316,740,112 | $ 332,401,869 |
| Edgemont City | $ 31,140,966 | $ 38,453,455 | $ 41,547,298 |
| Oelrichs City | $ 3,666,176 | $ 5,737,720 | $ 6,306,991 |
| Hot Springs School Dist | $ 639,300,095 | $ 781,094,397 | $ 833,754,403 |
| Edgemont School Dist | $ 125,319,733 | $ 137,839,357 | $ 146,780,368 |
| Oelrichs School Dist | $ 75,473,553 | $ 85,125,996 | $ 89,124,222 |
| County Wide Totals | $ 840,093,381 | $ 1,004,059,750 |
$ 1,069,658,993 |
| Total Countywide Increase = | $ 145,225,141 | $ 163,966,369 |
$ 65,599,243 |
