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Director of Equalization briefs commissioners on assessment‑cap bill and explains how TIFFs work
Summary
Director of Equalization Shauna told the board assessment notices were mailed and summarized a state bill that would cap annual assessment increases for owner‑occupied residential properties at 5% with a full revaluation every fifth year; she also explained tax‑increment financing (TIFF) mechanics and commissioners raised concerns about delayed payoffs.
Shauna, Codington County’s Director of Equalization, told the board assessment notices were mailed in late February and reviewed appeal deadlines and upcoming consolidated‑board and county‑board meetings. She urged constituents to use the appeals process and noted deadlines for the June primary and the general election filing timetable.
On pending legislation, Shauna summarized a state bill the county is monitoring that would restrict annual increases on certain property assessments. "Right now it's sitting at having non‑owner properties not go up…
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