SB196

This bill raises the income limits for homeowners to qualify for South Dakota's property tax assessment freeze, increasing the threshold from $55,000 to $65,000 for single-person households and from $65,000 to $85,000 for multi-person households. Starting in 2027, these income limits will automatically increase each year based on inflation (whichever is higher: the consumer price index or the change in Social Security payments). This makes it easier for more moderate-income homeowners to freeze their property tax assessments on their primary residences.