25.773.14 100th Legislative Session 1235
2025 South Dakota Legislature
House Bill 1235
HOUSE STATE AFFAIRS ENGROSSED
Introduced by: Representative Jamison
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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, theThe 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. This 11
section does not apply to the amount of taxes levied pursuant to §§ 10-12-43, 10-13-36, 12
13-16-7, 13-16-7.2, 13-16-7.3, 13-16-10, and 13-37-16. 13
After applying the index factor, a taxing district may increase the revenue payable 14
from taxes on real property above the limitations provided by this section by the 15
percentage increase of value resulting from any improvements or change in use of real 16
property, annexation, minor boundary changes, and any adjustments in taxation of 17
property separately classified and subject to statutory adjustments and reductions under 18
chapters 10-4, 10-6, 10-6A, and 10-6B, except § 10-6-113, only if assessed the same as 19
property of equal value. 20
A taxing district may further increase the revenue it receives from taxes on real 21
property above the limit limitations provided by this section for taxes levied to pay the 22
principal, interest, and redemption charges on any bonds issued after January 1, 23
1997,which that are subject to referendum,; scheduled payment increases on bonds; and 24
for a levy directed by the order of a court for the purpose of paying a judgment against 25
such the taxing district. Any A taxing district created after the effective date of this section 26 25.773.14 2 1235
Underscores indicate new language.
Overstrikes indicate deleted language.
is exempt from the limitation provided by this section for a period of two years immediately 1
following its creation. 2