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Senate advances property-tax measures aimed at capping owner-occupied valuation growth and offering freezes
Summary
Lawmakers passed a pair of property-tax measures addressing rapid valuation increases: SB 191 (3% annual cap for owner-occupied assessments) passed 35–0; SB 216 (governor’s package limiting owner-occupied growth and expanding freezes) passed 30–5. Both measures target assessment growth and eligibility for relief.
The South Dakota Senate approved several related property-tax measures intended to limit rapid increases in owner-occupied property assessments and expand relief options.
Senate Bill 191, sponsored by Senator Hulse, would limit annual assessed-value growth for owner-occupied property to 3% and apply related rules to create predictability for homeowners; the Senate passed SB 191 unanimously, 35–0. "This bill isn't complicated. It's common sense and it's what our constituents are begging for," Hulse said on the floor, urging senators to provide lasting…
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