Increases the property tax exemption for disabled veterans and their surviving spouses in South Dakota.

South Dakota SB126 increases the property tax exemption for disabled veterans and their surviving spouses from $250,000 to $350,000. The exemption applies to owner-occupied dwellings. Surviving spouses retain the exemption until property ownership is transferred, they stop occupying the dwelling, they remarry, or the property changes use. Applications for the exemption are confidential, and late applications can petition for tax recalculation.

Increases the property tax exemption for disabled veterans and their surviving spouses in South Dakota.

South Dakota SB126 increases the property tax exemption for disabled veterans and their surviving spouses from $250,000 to $350,000. The exemption applies to owner-occupied dwellings. Surviving spouses retain the exemption until property ownership is transferred, they stop occupying the dwelling, they remarry, or the property changes use. Applications for the exemption are confidential, and late applications can petition for tax recalculation.