Increases income limits for property tax assessment freeze in South Dakota.

South Dakota SB196 raises the income limits for a property tax assessment freeze. The bill adjusts the income thresholds annually based on the consumer price index. Eligible individuals must own and reside in a single-family dwelling for at least five years, reside there for at least 200 days in the previous year, and establish a base year. Surviving spouses of previous recipients are also entitled to the freeze.

Increases income limits for property tax assessment freeze in South Dakota.

South Dakota SB196 raises the income limits for a property tax assessment freeze. The bill adjusts the income thresholds annually based on the consumer price index. Eligible individuals must own and reside in a single-family dwelling for at least five years, reside there for at least 200 days in the previous year, and establish a base year. Surviving spouses of previous recipients are also entitled to the freeze.