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SD HB1307

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Trish Ladner

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Caps the annual assessed value increase for each owner-occupied single-family dwelling at 3% over the prior year's assessed value
  • Removes the original sunset provision that limited the cap to taxes payable in 2027-2031, making the 3% limit permanent
  • Shifts the cap from a county-wide aggregate calculation to an individual property basis for each owner-occupied dwelling
  • Allows additional assessed value increases for new improvements made to the dwelling in that year
  • Effective July 1, 2027

Legislative Description

Limit the annual increase in assessed value of each owner-occupied single-family dwelling.

Property Tax

Last Action

Taxation Tabled, Passed, YEAS 12, NAYS 0. H.J. 9

2/19/2026

Committee Referrals

Taxation2/5/2026

Full Bill Text

No bill text available