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Ballot Measure to Roll Back Property Taxes Killed in Committee

Ballot Measure to Roll Back Property Taxes Killed in Committee
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Senate Taxation Committee defeat SJR505(Property Assessments)

Senate Taxation Committee defeat SJR505(Property Assessments)
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KBHB Radio - New law in South Dakota reduces ranch and farm land values for tax purposes

PIERRE, S.D. – An innovative law in South Dakota has led to a significant decrease in farmland valuations, saving a remarkable $120.5 million. The law, referred to as SDCL 10-6-130, gives counties the power to change the classification of land from crop to non-crop based on soil types. This reclassification enables landowners to exempt their […]

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