Who Benefits From South Dakota's Property Tax Relief?

Who benefits from South Dakota's property tax relief?

SIOUX FALLS, S.D. (KELO) -- People are weighing in on the recently passed bills that lawmakers and the governor say provide the biggest property tax relief in South Dakota's history. Senate Bills 96 and 245 both aim to provide relief to owner-occupied properties through sales tax revenue and an optional county sales tax of 0.5%. [...]

Higher sales taxes for lower property taxes: Final plan takes shape at South Dakota Legislature

PIERRE — After dozens of bills and months of debate about options for reducing homeowner property taxes, South Dakota lawmakers settled Wednesday on plans to use revenue from new and increased sales taxes. State senators voted 20-13 on Wednesday in favor of the last major part of a multi-bill approach. Senate Bill 245 would capture $114 million in ongoing annual revenue from next year’s scheduled increase of the statewide sales tax rate from 4.2…