Gov. Larry Rhoden Signs Bills Delivering Property Tax Cut in South Dakota

Gov. Larry Rhoden signs bills delivering property tax cut in South Dakota

PIERRE, S.D. – South Dakota Governor Larry Rhoden has signed a pair of bills that will significantly impact property taxes in the state. SB 96 and SB 245 both deliver ‘the largest property tax cut in South Dakota history,’ and were signed Thursday in the South Dakota Capitol Rotunda in Pierre. “We accomplished a great deal this session – but this tops it all,” said Governor Larry Rhoden. “It wasn’t easy – most things that matter take hard work a…

Governor signs bills to reduce homeowner property taxes with higher sales taxes

PIERRE — Republican Gov. Larry Rhoden signed two bills into law Thursday that he said will work in tandem to provide “the largest property tax cut in South Dakota history,” although a past tax cut may have been bigger when adjusted for inflation, and the new laws rely on increased sales taxes to fund property tax relief for homeowners. The last time the state approved a historic reduction in property taxes was in 1995 under then-Gov. Bill Janklo…