Inconsistent tax rates in Custer County hurt housing market - KOTA Territory News

Inconsistent tax rates in Custer County hurt housing market


Some real estate brokers believe the increasing cost of living in Custer County is driving retired people out, and keeping young families from moving in.    

Brokers say the problem derives from the inconsistency of tax rates in Custer County.

They claim some properties are assessed every couple of years, while others go 10 years without assessment.

"Whenever you have certain properties that are assessed every year or two they stay close to their market values," said broker Jared Carson. "And then you have other properties that haven't been assessed for 10 years or more that could be off by $100,000 or more, that's a serious problem."

Carson says the lack of jobs in Custer is partly why younger people aren't moving in, but he says in the past it was cheap living that made Custer an attractive destination.    

"Some of that has been offset in the past by are lower tax levy," said Carson. "And so people would move here and commute because it was cheaper to do so, now that benefit has been eroded."  

Carson says more families are choosing to live in Pennington County rather than Custer because they are closer to more services with the same cost of living.

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.