Landowners not happy with new property tax rules - KOTA Territory News

Landowners not happy with new property tax rules

Posted:

Anger, fear, confusion.

All words that could describe the emotions going through the heads of some landowners in pennington county.

Leo Hamm is a landowner in Pennington County who is worried about the county increasing number of acres required to qualify for the farmland tax rate.

"It's going to have such a negative affect we really don't know what's going to happen to us,"Said Hamm.

This morning the Pennington County Commission chambers were packed with landowners angry about the looming higher tax rates.

"Well it's such a big issue because of the increase it will bring about in the taxation of our land without the ability to pay that additional tax," said Hamm.

Property taxes for those affected are expected to increase substantially, leaving many spending a lot more than usual.

"It would go up over 10,000 dollars just on that 47 acres," said Hamm.

Last month the county commission voted to require 160 acres of land, rather than 40, as one of the standards to qualify for an agricultural classification.

This has many of those affected, fearing what will happen if nothing changes.

"Probably the majority will end up losing their grounds including ourselves if we don't come to some equitable solution to the problem,"said Hamm.

Although landowners have spoken out the commission has already voted. Now all landowners can do is hope for the best.

This will affect properties for the 2014 assessment, taxes being paid in 2015.

Powered by WorldNow

518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

Couldn't find what you were looking for?
Powered by WorldNow
All content © Copyright 2000 - WorldNow and KOTA. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.