SD SB97

Increases the cap on property tax revenue growth from improvements, annexation, and boundary changes from 3% to 5% for taxing districts (excluding school districts) for tax years 2027-2031

Increases the same 3% to 5% cap for school district capital outlay fund levies for tax years 2027-2031

Maintains the existing baseline limit that total property tax revenue may increase no more than the lesser of 3% or the index factor annually

School district capital outlay levies remain capped at $3 per $1,000 of taxable valuation regardless of the percentage increase allowance