Seniors age 65 and older who have owned their South Dakota home for at least 10 years and lived in the state for at least 25 years can apply for a property tax freeze that locks in their home's assessed value at its 2020 level or the level when they first qualify, whichever is later. This new program provides ongoing property tax relief by preventing further increases in their assessed home values, as long as they have no delinquent property taxes.
This bill does not directly amend codified state law.
Taxation Tabled Passed, YEAS 7, NAYS 0. S.J. 12
Taxation Scheduled for hearing
Taxation Scheduled for hearing S.J. 1
Senate Referred to Senate Taxation S.J. 101
First Reading Senate S.J. 71
Prime sponsor · Sen
R
Dist. SD-033
Taxation — Tabled