Limits the annual increase in assessed value for owner-occupied single-family dwellings in South Dakota.

South Dakota HB1307 amends the assessed value increase for owner-occupied single-family dwellings, limiting it to three percent annually for taxes payable in 2027 through 2031. Counties may still adjust assessed values for new improvements or reclassified properties. This change aims to stabilize property tax assessments for homeowners.

Limits the annual increase in assessed value for owner-occupied single-family dwellings in South Dakota.

South Dakota HB1307 amends the assessed value increase for owner-occupied single-family dwellings, limiting it to three percent annually for taxes payable in 2027 through 2031. Counties may still adjust assessed values for new improvements or reclassified properties. This change aims to stabilize property tax assessments for homeowners.