A change in the assessments for agricultural land in South Dakota will have some effect on landowners according to a news release from the office of the Jreauld County Director of Equalization.

Beginning with the 2010 assessments (for taxes payable in 2011) agricultural land in South Dakota will be assessed based upon its productivity value. The Department of Revenue and Regulation (Department) contracts with the Economics Department of South Dakota State University (SDSU) to produce the “productivity value” or the “formula value” for the productivity valuation system. This value is the starting point for valuing all agricultural land in the state. This starting value is adjusted by the county Director of Equalization to ensure uniform and fair valuations. See more in your copy of the True Dakotan… (annual subscription $45.00 non-SD – PO Box 358, Wessington Springs, SD 57382)