Rapid City board hears property tax disputes - KOTA Territory News

Rapid City board hears property tax disputes

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Every year, hundreds of people in Rapid City dispute their property tax assessments. While many are able to reach an agreement with the city or county, the rest confront a review board face to face.
 
Monday was the first day of a two day process for those with property tax disputes.

Among those disputing their bill: National American University.

Their new campus on highway 16, which the university currently rents, sold for roughly $11 million in 2007.
Since they began renting, $4 million in renovations have gone into the campus.

Representatives from the university say those renovations will be paid for over time, and it's not fair their evaluation should increase in the meantime.

The initial evaluation of $14 million was argued down to $9.8 million. For others, increases in property tax levels are likely inevitable.
 
"The average property changed a little over five percent but that's just the average, some are more some are less," said Shannon Rittberger, Director of Equalization in Pennington county.
 
"Anyone who has not done anything to their property will see an increase, but if they have done some significant improvements to their property they'll definitely see an evaluation increase," said Ritchie Nordstrom, Ward 2 Alderman.
 
Friday is the last day the board will hear property tax assessment disputes.

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