Removes the limit on unused index factor accumulation for property taxation in South Dakota.

South Dakota HB1317 amends the property tax calculation to eliminate the limit on the accumulation of unused index factors. The county auditor must now calculate the maximum revenue based on growth and the index factor, showing any accumulated unused index factor since 2024. Counties and municipalities can increase revenue up to the calculated maximum using accumulated unused index factors from the prior three years, without exceeding the prior three-year index factor total or ten percent.

Removes the limit on unused index factor accumulation for property taxation in South Dakota.

South Dakota HB1317 amends the property tax calculation to eliminate the limit on the accumulation of unused index factors. The county auditor must now calculate the maximum revenue based on growth and the index factor, showing any accumulated unused index factor since 2024. Counties and municipalities can increase revenue up to the calculated maximum using accumulated unused index factors from the prior three years, without exceeding the prior three-year index factor total or ten percent.