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Property Owner Challenges Assessment Increase During Rapid City Hearing

April 23, 2025 | Pennington County, South Dakota


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Property Owner Challenges Assessment Increase During Rapid City Hearing
Property assessments took center stage at the Pennington County Board of Equalization Hearings on April 23, 2025, as homeowners voiced concerns over significant increases in their property values. One homeowner highlighted a staggering 25% proposed increase, following a previous 60% hike the year before, attributing the rise to extensive renovations made to their properties.

The homeowner argued that while improvements had been made, the assessment process seemed unfair, particularly when compared to properties in different neighborhoods that were assessed at higher values. "I just feel like I've just been hit so hard these last couple years with the property assessment," they stated, emphasizing the financial strain these increases have caused.

Discussions also revolved around the challenges of finding comparable properties for assessment purposes. The homeowner pointed out that many of the comparables used were from neighborhoods that did not reflect the current state of their own area, which is still undergoing development. They expressed frustration that the assessments did not accurately represent the condition and potential of their properties, which had been transformed from "horrible" to "really good."

The board members engaged in a detailed analysis of the properties in question, discussing the complexities of assessing homes with multiple dwellings on a single lot. One board member proposed a motion to adjust the assessed value to $300,000, which would be lower than the homeowner's request but still reflect the improvements made.

As the meeting concluded, the board acknowledged the need for a fair assessment process that considers both the improvements made by homeowners and the unique characteristics of their neighborhoods. The outcome of these discussions will likely influence future property assessments in Pennington County, as residents continue to navigate the challenges of rising property values.

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