This bill creates a new property tax freeze for South Dakota seniors aged 65 and older who have owned their single-family home for at least 10 consecutive years and lived in the state for at least 25 years. Once qualified, their home's assessed value for property tax purposes would be frozen at the value from either the year they first qualified or 2020—whichever is later—preventing their tax bills from rising due to property value increases. Applicants must have no delinquent property taxes to be eligible.
AI-generated summary
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
Dist. SD-033
cosponsor · Rep
R
Dist. HD-006
cosponsor · Sen
R
Dist. SD-003
cosponsor · Rep
R
Dist. HD-034
cosponsor · Rep
R
Dist. HD-033
Deferred to the 41st legislative day
Deferred to the 41st legislative day