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.
