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Dakota Dunes Board adopts five-year discretionary tax formula for new commercial structures
Summary
The Dakota Dunes CID Board approved Resolution No. 2025-04, adopting a discretionary tax-assessment formula that phases in taxable value of new commercial structures over five years (20%–100%). The resolution was approved 4-0 and is slated to take effect Jan. 1, 2026.
The Dakota Dunes Community Improvement District Board of Supervisors voted Nov. 17 to adopt Resolution No. 2025-04, implementing a discretionary formula for reduced taxation of certain new commercial structures and additions under SDCL § 10-6-137.
The resolution specifies that for qualifying structures the assessed value used for taxation will be 20% of the Pre-Adjustment Value in the first tax year following construction, 40% the second year, 60% the third year, 80% the fourth year and 100% the fifth year. It also says the assessed valuation in any of the five years may not be less than the assessed valuation of the property in the year preceding the first year following construction, and provides waiver language permitting owners to decline the formula and be fully assessed immediately.
Board member Mr. Wetz moved to approve the resolution; Ms. Shanafelt seconded the motion and it passed 4-0. The minutes record the approval date as Nov. 17, 2025, publication date Nov. 25, 2025, and an effective date of Jan. 1, 2026.
The resolution text references SDCL § 10-6-137 and the district’s authority under SDCL 7-25A. Board members noted the waiver provision allowing owners to request full assessment rather than phased treatment. No public comment was recorded on the resolution during the meeting.
