[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6266077,"mediaKeyId","3087688-8804e1f59b6bc2a2589003bb8f213aee","parentId",3087688,"title","Board sets Rushmore Plaza/Doubletree building assessment at $14.5 million pending appraisals","audioSeconds",1251,"startMs",4455555,"endMs",5706870,"viewUrl","/Search/View?dp=1&key=3087688-8804e1f59b6bc2a2589003bb8f213aee&start=4455&end=5706","thumbnailUrl","https://assets.pipeline.soar.com/3087688-8804e1f59b6bc2a2589003bb8f213aee/thumbnail_4455555.jpg","articleUrl","/articles/6266077/Pennington-County/South-Dakota/Board-sets-Rushmore-PlazaDoubletree-building-assessment-at-145-million-pending-appraisals","mediaUrl","https://secure.pipeline.soar.com/6266077-9ef7d818be98de75089651cf261b274b/orig.mp4?Expires=1771171098&Signature=GYSFVDXtRrAKEIg85pOG1X3UOEikx4J4kJuwRf82UeAnuiuGU~FVYY4cQkEn70muN3-ag~5D29u07WYQJcRe3thZPlgQxzf4b4GHXoS5SkAq2Jri1cjWiU8ISvJxXycWYA8PhIQ1xUm8cOlKxFg7qiGHrlIk7vlioeYkb3S4Y5h~HFeAOL7pvVrYonA7FDPpzQlmarECEoCFWR2oYFHgoTmVX1TOy-27BN4BpPCoMjdGe7kToTKgc201Dq6~jlV2zyAsSL32xxtT0HCnFD4bbr9-wQODbrNbvvFwm~7kIYTzPXn4doesOCWfg~RqQoHF5F~d0G7~cOb6H0QWOqZRKQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Pennington County, SD","date","2025-04-23T01:04:02.68Z","article","The Pennington County Equalization Board recorded an assessed value of $14,500,000 for the downtown Rushmore Plaza building (the former Holiday Inn, recently rebranded to a DoubleTree) after discussion about recent court rulings, prior settlements and pending independent appraisals.

County staff noted the property's 2023 litigation history: a court set the 2023 value at approximately $12,130,000 following a dispute with the property owner. For the 2024 roll the parties reached a settlement near $14,500,000. The county’s 2025 mailed assessment had been $19,737,400 (building only; the city owns the land under a separate parcel). The county and the owner have each contracted independent appraisers; county staff told the board both sides expect completed appraisal reports but that financial information exchange and non‑disclosure agreements have delayed final reports.

Shannon, the county director of equalization, explained the parcel under appeal is the building only because the land parcel is owned by the city. She said state law requires that city land leased to a taxable user for three years or more can be taxed, and that separate billing and payment‑in‑lieu arrangements affect how property and payments are treated on the rolls. The county stated an intention to use the hotel‑per‑door income model it applies to other local hotels, but the department also acknowledged the property owner is undertaking a substantial property improvement plan (PIP) that will take rooms out of service while work is done and could affect near‑term income figures.

After discussion about prior court outcomes and the timing of pending appraisals, the board voted to adopt an interim assessed building value of $14,500,000 for the current roll and to consider the independent appraisal(s) when they are delivered. County staff said if its contracted appraisal comes in lower the county will accept the lower value; if the owner's appraisal is higher, the county will continue to defend its model and values as necessary.

The board asked staff to record the action and to monitor incoming appraisal reports; parties may pursue further administrative or judicial review following delivery of the independent appraisals.

","mediaType","Video","parentTitle","4-22-2025 Pennington County Board of Equalization Hearings","oneSentenceSummary","The Pennington County board agreed to an assessed value of $14,500,000 for the downtown Rushmore Plaza (formerly Holiday Inn) building for the current roll while county and owner‑hired appraisals are completed.","taxTitle","Pennington County, South Dakota","taxId",2745,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6266082,"Pennington County keeps assessment of Chapel Valley vacant parcel at $74,000 after owner appeal",533,3901410,4435239,"/Search/View?dp=1&key=3087688-8804e1f59b6bc2a2589003bb8f213aee&start=3901&end=4435","https://assets.pipeline.soar.com/3087688-8804e1f59b6bc2a2589003bb8f213aee/thumbnail_3901410.jpg","/articles/6266082/Pennington-County/South-Dakota/Pennington-County-keeps-assessment-of-Chapel-Valley-vacant-parcel-at-74000-after-owner-appeal","https://secure.pipeline.soar.com/6266082-7abbb4eab7ce6794d9927f9c4e1475aa/orig.mp4?Expires=1771171098&Signature=dIZDVWV2M5rBXY1E~xpf3B8eJ5ZQLKBTSdf7F-5WEMeNzOFcpbuAIPuC5MdJif2tgHIDm6T0Yh~XY8fkt3DsYij8wgbPr4F0x7xn1L0ddzgzI7lhBz4elzWGLWLfzajyUMduGf44D0bU6eQaVE-EBi~aoV5DxgLTMxFXR9tN4-stsnvOx9IiIEperty~NGPUJtETOwRQaynfrBd1~WmVDPTQN31Tty8dz9k0CTloE~eM5khXDmjaFyjIDcAauCHAF9Xyor1e326iJK3LAUhamcVAMMqZ9EcrjVLZeANzoTc~X~YKvD6uhSZ6hthemdea2fOs8SWqNHebmZdg5ZtCTA__&Key-Pair-Id=KUT5TJCACFTXG","The Pennington County Equalization Board adjusted the assessment of a vacant 3.29‑acre parcel in the Chapel Valley neighborhood to $74,000 after an owner appeal that centered on buildability and an existing reduction for an on‑site water tower.

Nicole, a staff appraiser with the Pennington County Department of Equalization, told the board that the parcel (addressed in county records as 5150 Copper Hill Ridge, tax ID 64969) had been mailed an assessment of $90,000 before the local Rapid City board reduced it to $65,000, a 28% reduction. Nicole said the property was being flat‑valued previously, a method reserved for unbuildable lots, whereas recent sales of similar hilltop parcels produced a median price per acre of about $54,000. She recommended removing the flat valuation and applying market adjustments while keeping a substantial reduction for the water tank and other nonconformities; that approach would place market value, before reductions, well above the local figure.

The owner (who appeared in the record and described historical arrangements with the Chapel Lane Water Company) said a 30,000‑gallon water tower sits on part of the parcel and that easements, a required 20‑foot utility buffer and a previous building moratorium tied to emergency access concerns limit developable area. The owner said only roughly one acre of the 3.29 acres appears buildable.

Commissioner discussion focused on the math behind the county comparables and on how the existing 65% reduction for the tower affects the market value. One commissioner calculated that applying the county median acreage price and then applying the reduction would yield a net value in the mid‑$60,000s; after board discussion the commission moved to raise the assessment from $65,000 to $74,000, and the motion carried.

Nicole told the board she had provided photographs, parcel maps and comparable land sales in the meeting packet. The final assessed value of $74,000 replaces the local board’s $65,000 figure for tax‑roll purposes; the county will publish the change in meeting minutes and update assessment records.

","Following an appeal by the owner of a 3.29‑acre vacant parcel in Chapel Valley, the Pennington County board raised the local board’s certified figure from $65,000 to $74,000, citing comparable land sales and an existing reduction for an on‑site water tank.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6266087,"Pennington County board sets 512 Main assessment at $2,000,194 after appeal",3699,18965,3718290,"/Search/View?dp=1&key=3087688-8804e1f59b6bc2a2589003bb8f213aee&start=18&end=3718","https://assets.pipeline.soar.com/3087688-8804e1f59b6bc2a2589003bb8f213aee/thumbnail_18965.jpg","/articles/6266087/Pennington-County/South-Dakota/Pennington-County-board-sets-512-Main-assessment-at-2000194-after-appeal","https://secure.pipeline.soar.com/6266087-5400fd8dbf83196a505a51744d60eea5/orig.mp4?Expires=1771171098&Signature=oICtTjPr-C2MGW3~1peM~poJuKXEqtJIA3CvtlU1KFTj0uEDCTsOLEmWU7zUwbSfkaNqSaYC9Y5rX7RnabggkDmV2lDS8IGbazHaNYTTvoSKf36xEpmboo2m~kyPF7s3lkp4zapx04BXLlkaApZ8xOfj4InhJiPqsvEJ6GkAQ48ubi8Zkq3iMQdhxtZBRjwvlSvrzEzGPYQOd4Nj13LcLduCdAkJuR883Iw7ylBVofHm1XXjM4AjOxlNNL-94ekB7x2otU5u7ICupxZbObhZEZEY0IFBQVVA-brdUdpKZD5duRm8RgLByt-9hPZhuczqfhrkDDEon4BJxHl~g3VHWQ__&Key-Pair-Id=KUT5TJCACFTXG","The Pennington County Equalization Board set the 2024 assessed value for MHL LLC's property at 512 Main Street — known locally as Main Street Square — at $2,000,194 following an appeal and extended discussion about appraisal methods and below‑grade rents.

County senior commercial appraiser Rod Sledden told the board the county's income‑approach model, built from downtown market rents and cap rates, supported a recommended assessment of $2,709,200 after the city board of equalization had previously reduced the prior assessment to $1,678,800. Sledden said the county shifted downtown properties to an income approach because cost tables and observed sales were producing inconsistent results across older, renovated and rundown buildings. \"When I use true market rates I end up at that value of 2.7,\" Sledden said during his presentation.

Representatives for the property and an appraiser who prepared a fee‑simple valuation argued the local board's allocation and the appraiser's contract rents should carry weight. Property counsel and other speakers emphasized that portions of the building are rented at well below market rates, particularly roughly 3,000 square feet of below‑grade space charged at about $6 per square foot. They argued that subterranean space is not comparable to street‑level suites and that using contract rents produces a materially lower valuation.

Commissioners debated which inputs best reflect investor behavior: contract rents currently in place, modeled market rents for downtown, or sales comparables. The board twice voted on different proposed assessed values: an early motion to set a midrange number failed on a 2–2 tie, and after a successful motion to reconsider the board later voted to adopt an assessment of $2,000,194.

Sledden said the county's dataset for downtown included more than 50 comparable leases limited to the Main and St. Joe corridor and that typical market base rents clustered around $8–$13 per square foot. County materials also showed sales comparables producing per‑square‑foot figures that supported the department's recommended range. Appellants said their submitted appraisal (by Ken Simpson) used actual contract rents and produced a higher aggregate value for several contiguous parcels; they urged the board to respect those contract rents and the appraiser's professional judgment.

The board's action applies to tax ID 37327 for the parcel at 512 Main Street. The local board's reduced assessment of 1,678,800 remains the standing local decision until this county board vote is entered in the minutes and processed.

Board members and staff noted that the dispute centered chiefly on whether basement/subterranean rents should be modeled separately or subsumed into a broader quality ranking that accounts for location, windows and access. Sledden described the county practice as grouping suites by quality (low to excellent) rather than assigning a unique basement rent rate.

The board did not direct additional staff follow‑up beyond recording the assessed value; any party wishing further review may pursue formal appeal channels described in county appeal procedures.

","After a lengthy appeal and debate about methodology and basement rents, the Pennington County Equalization Board set the assessed value for MHL LLC's 512 Main Street (Main Street Square) at $2,000,194, reversing a lower local board allocation and falling below the county's original figure.","actionData","errors"]

Article not found

Board sets Rushmore Plaza/Doubletree building assessment at $14.5 million pending appraisals

Pennington County keeps assessment of Chapel Valley vacant parcel at $74,000 after owner appeal

Pennington County board sets 512 Main assessment at $2,000,194 after appeal