Assessment freeze--Single-family dwellings--Conditions determining entitlement--Income cap increased by index factor

Any person making an application under the provisions of this chapter is entitled to a real property tax assessment freeze upon the person's single-family dwelling if the person:

# (1)

Has a household income of less than fifty-five thousand dollars if the household is a single-member household or the person has a household income of less than sixty-five thousand dollars if the household is a multiple-member household;

# (2)

Has been an owner of an owner-occupied single-family dwelling and a resident of South Dakota for at least five years, unless the person has received the assessment freeze in the previous year;

# (3)

Has resided for at least two hundred days of the previous calendar year in the single-family dwelling; and

# (4)

Has established a base year.
The surviving spouse of a person who has previously qualified is entitled to the real property tax assessment freeze if the surviving spouse meets the other conditions of this chapter.
Beginning on January 1, 2026, the household income listed in subdivision (1) of this section must increase annually by the index factor. The index factor is the annual percentage change in the consumer price index for urban wage earners and clerical workers as computed by the Bureau of Labor Statistics of the United States Department of Labor for the year before the year immediately preceding the year of adjustment or the annual percentage change in federal social security payments for the preceding year, whichever is greater.

Last amended: Source: SL 1980, ch 74 , § 2; SL 1981, ch 81 , § 2; SL 1984, ch 65 , § 1; SL 1990, ch 74 , § 2; SL 1993, ch 87 ; SL 1998, ch 56 , § 1; SL 2002, ch 50 , § 1; SL 2004, ch 82 , § 1, eff. Feb. 12, 2004; SL 2008, ch 45 , § 2; SL 2022, ch 30 , § 2; SL 2025, ch 46 , § 4.

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