Minnehaha County land values rise 5%

SIOUX FALLS, S.D. (KELO AM) - The Minnehaha County Director of Equalization says property values rose to $13.3 billion at the first of the year.

Kyle Helseth says that’s a 5% increase over a year ago, about $635 million.  Total growth a year ago was $12.7 billion.

Helseth says the growth from there looks like it's going to be in the 2.3% to 2.5% range, the county has reappraised that much.  He says part of that is the $115 million increase in agricultural land valuation as set by the state.               

Helseth says notices go out next week followed by the board of equalization.