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Shannon Rittberger
Director of Equalization
Pennington County
111 St. Joseph Street
Rapid City, SD 57701
Real Estate: (605)394-2175
Mobile Home: (605)394-5301
Mapping: (605)394-5364
E-Mail the Director
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SOUTH DAKOTA FACTS:
Prairie, lakes, badlands and the Black Hills are examples of the varied landscape that
makes up South Dakota.
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| Pennington County Home >
DOE
> Taxable Value
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| ANNUALLY ASSESSES ALL TAXABLE REAL PROPERTY
IN PENNINGTON COUNTY |
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DOE Home
Mass Appraisal Process
Changes in Assessed Values
Measuring Accuracy
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Taxable Value
Assessment Notice and Property Search
Appeal a Property Assessment
Property Tax Reductions and Exemptions
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Taxable Value |
The South Dakota Department of Revenue and Regulation audits each county equalization office every year for accuracy of assessed values. The county-wide median sales ratio is the primary measure of accuracy. The state assigns each county a taxable factor to equalize assessed values to 85% of market value. The taxable factor that each county receives is dependent upon their level of assessment in relation to market value as determined by the median sales ratio analysis. The value indicated on the property tax bill is taxable value and is a result of applying this factor.
Taxable value is different from assessed value. It is generally a percentage of assessed value, and the percentage changes every year.
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