South Dakota property tax assessors will now smooth out year-to-year fluctuations in home and non-farm property values by using an "olympic average" of the past eight years of assessed values (removing the highest and lowest years before averaging). This means homeowners' property tax assessments will be based on a longer historical trend rather than a single year's valuation, potentially reducing dramatic tax increases or decreases when property values shift significantly.
Senate Do Pass Amended Failed, YEAS 9, NAYS 24. S.J. 498
Taxation Do Pass Amended Passed, YEAS 5, NAYS 2. S.J. 19
Taxation Amend the amendment S.J. 19
Taxation Motion to amend S.J. 19
Taxation Scheduled for hearing
Taxation Scheduled for hearing
Senate Referred to Senate Taxation S.J. 340
First Reading Senate S.J. 311
House of Representatives Do Pass Amended Passed, YEAS 38, NAYS 29. H.J. 358
Taxation Do Pass Amended Passed, YEAS 7, NAYS 5.
Taxation Motion to amend
Taxation Scheduled for hearing
House of Representatives Referred to House Taxation H.J. 208
First Reading House H.J. 193
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Do Pass Amended
Taxation — Do Pass Amended
Do Pass Amended
Taxation — Do Pass Amended