25.773.13 100th Legislative Session 1235
2025 South Dakota Legislature
House Bill 1235
Introduced by: Representative Jamison
Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to reduce a limit on the annual increases of property tax revenues payable 1
to certain taxing districts, and to subject school districts to a limit on property 2
taxes collected in a year. 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 4
Section 1. That § 10-13-35 be AMENDED: 5
10-13-35. This section does not apply to school districts. For taxes payable in 6
1997, and each year thereafter, the The total amount of revenue payable from taxes on 7
real property within a taxing district, excluding the levy pursuant to § 10-13-36, may 8
increase no more than the lesser of three two and one-half percent or the index factor, as 9
defined in § 10-13-38, over the amount of revenue payable from taxes on real property 10
in the preceding year, excluding the amount of taxes levied pursuant to § 10-13-36. 11
After applying the index factor, a taxing district may increase the revenue payable 12
from taxes on real property above the limitations provided by this section by the 13
percentage increase of value resulting from any improvements or change in use of real 14
property, annexation, minor boundary changes, and any adjustments in taxation of 15
property separately classified and subject to statutory adjustments and reductions under 16
chapters 10-4, 10-6, 10-6A, and 10-6B, except § 10-6-113, only if assessed the same as 17
property of equal value. 18
A taxing district may further increase the revenue it receives from taxes on real 19
property above the limit limitations provided by this section for taxes levied to pay the 20
principal, interest, and redemption charges on any bonds issued after January 1, 21
1997,which that are subject to referendum,; scheduled payment increases on bonds; and 22
for a levy directed by the order of a court for the purpose of paying a judgment against 23
such the taxing district. Any A taxing district created after the effective date of this section 24
is exempt from the limitation provided by this section for a period of two years immediately 25
following its creation. 26