County board disputes $3.8M property appraisal by Simpson at Main Street

During the Pennington County Board of Equalization Hearings on April 22, 2025, a significant discussion emerged regarding property valuation discrepancies, particularly focusing on a contested appraisal of a parcel located at 512 Main Street. The debate centered around the valuation set by local appraiser Ken Simpson, who assessed the property at $3.8 million, a figure that sparked contention among board members.

Sherman Wiefenbach, a key participant in the discussion, highlighted the complexities involved in the appraisal process. He explained that the appraisal encompassed three different tax ID numbers, covering a range from Main Street Square to the Que Pasa property. Wiefenbach noted that while Simpson's valuation was accepted, the local board adjusted the values of the individual parcels, ultimately assigning a value of $1.6 million to the westernmost parcel, which contributed to the overall valuation of $3.8 million.

The crux of the disagreement appeared to stem from differing methodologies in assessing property value. Wiefenbach pointed out that the county chose to appeal only the assessment of the 512 Main Street property, indicating a focused approach to address the valuation concerns. He expressed appreciation for the dialogue with the director of equalization, emphasizing the importance of collaboration despite differing opinions.

As the discussions unfolded, it became clear that a gap of nearly $1 million existed between the local board's assessment and the county's appraisal. Wiefenbach urged for clarity on the factors driving this difference, referencing a handout provided by Mr. Sletten that outlined the valuation process.

The outcome of this hearing could have significant implications for property tax assessments in the area, as the board continues to navigate the complexities of property valuation and ensure fair taxation practices. The next steps will likely involve further discussions and potential adjustments to the assessed values as the board seeks to reconcile these differences.