SD Senate kills bill to roll back property taxes

The South Dakota Senate defeats a bill to roll back property taxes on owner occupied, single-family dwellings to 2020 rates.

Questions about the specifics of the legislation helped to kill it.

Lawmakers raised concerns about the “fairness” of the tax. The rollback would only apply to homes that had been owned by the same person since 2020. The state constitution requires fairness in property taxes.

Proponents say property taxes across the state, especially on the east and west sides, have skyrocketed since 2020.

The bill was killed 20-11.

February 2, 2024