S.D. ag land assessments jump as much as 25 percent—but they could be even higher
Many S.D. landowners likely noticed a significant bump on the valuation of their land in the 2013 tax assessments that arrived in their mailboxes in early March.
Assessments continue to climb in Day County
Last year the state Legislature directed county equalization directors to make larger adjustments in farmland values and this year producers will really feel the pinch.
HB1003 was aimed at helping counties bring cropland and pastureland into line faster under the state’s new production-based system for setting tax values. The initial maximum increase or decrease in value was capped at 10 percent annually, but went to a maximum of 25 percent a year, depending how far a county is behind/ahead.