Provides property tax relief to senior owners of owner-occupied single-family dwellings in South Dakota.

South Dakota SB144 offers property tax relief to seniors who own and occupy a single-family home, have owned it for at least ten years, and have been state residents for at least twenty-five years. The bill freezes the assessed value of the property at the value from the year the individual first qualified or the 2020 assessment year, whichever is later. The county treasurer determines eligibility and maintains records of frozen property values.

Provides property tax relief to senior owners of owner-occupied single-family dwellings in South Dakota.

South Dakota SB144 offers property tax relief to seniors who own and occupy a single-family home, have owned it for at least ten years, and have been state residents for at least twenty-five years. The bill freezes the assessed value of the property at the value from the year the individual first qualified or the 2020 assessment year, whichever is later. The county treasurer determines eligibility and maintains records of frozen property values.