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Pennington County appraiser explains state property-tax changes and task force deliberations
Summary
Pennington County’s director of equalization briefed the county commission on Oct. 7 about state law changes that cap total owner‑occupied valuation growth at 3% and tighten the definition of “new growth,” and about a state property‑tax task force due to report recommendations to the legislature.
Pennington County’s director of equalization told the county commission on Oct. 7 that state legislation enacted last year will substantially change how property assessments and taxing-entity levy requests work in the near term, and that a state task force is preparing recommendations that could reshape how property tax is funded.
Shannon Ritberger summarized the principal elements of Senate Bill 216 (the 2024 package), saying the most consequential change for residents is a temporary cap that limits the total valuation increase of owner-occupied properties in a county to 3% year-over-year. “It is not a cap on an individual home,” Ritberger said. “Any single property can increase or decrease by any amount; the cap applies to the total valuation of owner‑occupied…
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