Governor’s Property Tax Relief Bill Official

Governor Rhoden has successfully signed Senate Bill 216 into law, marking a significant step in providing property tax relief for South Dakota homeowners. Signed in the Capitol Rotunda, the bill introduces a three percent countywide cap on property tax assessment increases, offering much-needed financial relief. In addition, it raises the income and home value limits for the state's assessment freeze program, ensuring more residents benefit from these changes. Set to take effect over the next five years, this landmark legislation is a win for South Dakotans, providing long-term stability for homeowners across the state.

By Riley Harrington March 17, 2025 1:31 pm

South Dakota city budget challenges Sioux Falls City Council budget discussion Shawn Pritchett Sioux Falls Finance Director South Dakota property tax limitation 2025 South Dakota local government budget struggles Sioux Falls budget process difficulties South Dakota small town budget impact South Dakota municipal finance news — Metro Services

PIERRE, S.D. (MITCHELLNOW) Governor Rhoden’s effort to provide property tax relief for South Dakotans is now a reality. Rhoden signed Senate Bill 216 in the Capitol Rotunda on Thursday. He said, “216 is a win for South Dakota homeowners.” The legislation puts a three percent countywide cap on property tax assessment increases. It will also raise the income and home value limits on the assessment freeze program. The new policies will now take effect over the next five years.

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