25.846.14 100th Legislative Session 1229
2025 South Dakota Legislature
House Bill 1229
Introduced by: Representative Hughes
Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to provide an exemption from certain property taxation for owner -occupied 1
single-family dwellings, and to limit the taxes due on property over the 2
previous year. 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 4
Section 1. That a NEW SECTION be added to chapter 10-4: 5
One hundred thousand dollars of the full and true value of each owner -occupied 6
single-family dwelling, as defined by § 10-13-39, is exempt from property taxation levied 7
pursuant to § 10-12-29. 8
Section 2. That a NEW SECTION be added to chapter 10-13: 9
Unless otherwise provided in section 3 of this Act, an owner of real property is 10
entitled to receive a tax credit on all property taxes imposed on the real property, if the 11
total taxes imposed by all taxing districts on the real property in a year, excluding any tax 12
resulting from a local decision to exceed the limits set forth in § 10-12-43 or 10-13-36, 13
exceed one hundred and three percent of the total taxes imposed by all taxing districts on 14
the real property in the previous year, excluding any tax resulting from a local decision to 15
exceed the limits set forth in § 10-12-43 or 10-13-36. 16
Section 3. That a NEW SECTION be added to chapter 10-13: 17
An owner of real property is not entitled to receive the tax credit provided in section 18
2 of this Act for the real property if, in the previous year, there had been a change in the 19
use or classification of the property or there had been any addition or expansion to the 20
property. 21
Section 4. That a NEW SECTION be added to chapter 10-13: 22 25.846.14 2 1229
Underscores indicate new language.
Overstrikes indicate deleted language.
After receiving all levies imposed by all taxing districts in a county and spreading 1
each levy over the taxable real property in each taxing district, the county auditor shall 2
apply the tax credit provided in section 2 of this Act by proportionally reducing each tax 3
imposed on the real property that qualifies under sections 2 and 3 of this Act, excluding 4
any tax resulting from a local decision to exceed the limits set forth in § 10-12-43 or 10-5
13-36, by each taxing district, until the total amount of taxes due, as stated in the tax bill 6
mailed or transmitted by the treasurer pursuant to § 10-21-1.1, is equal to one hundred 7
and three percent of the total taxes due in the previous year, excluding any tax resulting 8
from a local decision to exceed the limits set forth in § 10-12-43 or 10-13-36. 9