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