This bill creates a new property tax relief program for senior homeowners in South Dakota. Seniors age 65 and older who have owned their single-family home for at least 10 years, lived in South Dakota for at least 25 years, and have no unpaid property taxes can apply to freeze their home's assessed value at its 2020 level (or the level when they first qualified, whichever is later), preventing future property tax increases on that home.
This bill does not directly amend codified state law.
Taxation Deferred to the 41st legislative day Passed, YEAS 5, NAYS 1. S.J. 15
Taxation Scheduled for hearing S.J. 1
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 130
Prime sponsor · Sen.
R
Taxation — Deferred to the 41st legislative day