PIERRE, (KCCR) — Could some form of property tax relief be on the way for owner-occupied taxpayers? South Dakota Governor Larry Rhoden and a property tax working group have developed a property tax relief measure to find life in a vehicle bill waiting in the South Dakota Legislature…
The proposal will take life as Senate Bill 216-A. Rhoden says the bill short, only two pages and looks to make changes for five-years…
Renovations to existing owner-occupied homes that adds 40-percent or less of new value will be excluded from growth calculations. Maximum income limits for freezing assessments are also in the bill…
A number of other property tax bills are being circulated in the Legislature and Rhoden says his proposal is not an “end all, be all” proposals and will look into other bills.
