Changes in Pipestone property values mixed

The estimated market values (EMV) of some properties in Pipestone increased and the EMVs of others decreased this year. City Assessor Erik Skogquist explained during the city of Pipestone’s annual Local Board of Adjustments and Appeals meeting on April 7 that assessors set property values and classifications each year. The values are based on what they think the fair market values are and the classification refers to the use of the property, such as residential or commercial. To develop the values, the assessors review every sale that happened from Oct. 1 to Sept. 30 of the previous year and review... Article Link