South Dakota homeowners will see a cap on how much their property tax assessments can increase each year—limited to 3% annually for owner-occupied single-family dwellings, with the increases calculated from a base value set in 2026. When a home is sold, it will be reassessed at current market value to establish a new base, but future increases are again capped at 3% per year. This change protects long-time homeowners from sharp tax jumps due to rising real estate values, similar to how some other states limit property tax growth.
Taxation Deferred to the 41st legislative day Passed, YEAS 4, NAYS 2.
Taxation Do Pass Amended Failed, YEAS 3, NAYS 4.
Taxation Motion to amend
Taxation Scheduled for hearing
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 180
Prime sponsor · Sen.
R
Taxation — Do Pass Amended
Taxation — Deferred to the 41st legislative day