SOUTH DAKOTAN GOVERNOR LARRY RHODEN HAS SIGNED A PROPERTY TAX RELIEF BILL INTO LAW.
RHODEN SIGNED SENATE BILL 216 THIS (THURSDAY) MORNING, WHICH PASSED IN THE HOUSE MONDAY BY A 53-16 MARGIN.
RHODEN SAYS THERE WAS A LOT OF EFFORT THAT WENT INTO GETTING THE MEASURE PASSED;
SDPROPTAX1 OC…….WE GOT IT DONE. :14
HE SAYS RESIDENTS CAN EXPECT TO SEE SOME RELIEF COMING ON THEIR PROPERTY TAX BILLS IN THE NEAR FUTURE;
SDPROPTAX2 OC……..TAX INCREASES. :09
THE GOVERNOR’S BILL PUTS A THREE PERCENT COUNTYWIDE CAP ON OWNER-OCCUPIED ASSESSMENT INCREASES.
IT WILL ALSO RAISE THE INCOME AND HOME VALUE LIMITS ON THE ASSESSMENT FREEZE PROGRAM.
