Terry Augspurger, Hand County director of equalization, says that 2013 assessment notices will be mailed out by February 28. “These are valuations assessed to your property as of November 1, 2012 for the tax year 2013, with taxes payable in 2014,” he explained.
Changes to watch for this year are changes in residential properties in St. Lawrence, Ree Heights, Polo and Wessington, and some non-ag residential properties outside corporate limits throughout the county. Augspurger says this is the phase of the countywide reassessment that was completed last summer. Any changes will be reflected on this assessment notice.
“Ag land values have gone up again this year about 18 percent on the average dollar per acre, with crop soils increasing 20 percent and non-crop soils about three percent,” Augspurger explained. “This larger increase in crop soils is due to legislation passed last year increasing the percentage of increase or decrease allowed per year from 10 to 15 percent, 20 percent, or 25 percent, depending how far a county is from its full agricultural income value under the productivity of valuing farm ground.” The change in legislation is intended to bring all counties more quickly to statewide equalization of agricultural land, Augspurger said.
There is also a statute that requires placing a line on your assessment notice that tells you how much your parcel increased from last year if the increase is greater than 20 percent.
“Please understand that although assessments may increase, your taxes don’t necessarily increase by the same amount,” Augspurger stated. If you intend to appeal your valuation, follow the directions on the back of your assessment notice.
Local Boards of Equalization meet the third Monday in March (March 18) and run through Friday, March 22. Townships may pick up their books and packets the week of March 11.
For any questions concerning your notice or valuation, stop by the office in the Hand County Courthouse, or call 605-853-2115.