Homeowners are asking why did property valuations for tax purposes of owner-occupied single-family homes go up so much since 2019? I believe that you can attribute the skyrocketing valuations to a combination of several factors including: COVID-19, that created a high concern for personal values, safety and freedom prompting a massive migration of people fleeing from densely populated urban cities to move to rural states like South Dakota. Add into the mix, low interest rates at the time, and you could say that we experienced the “perfect storm.” A storm that has left us with unprecedented growth and long term residents trying to deal with massive double-digit increases in property valuation over the past few years.