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Senate OKs limiting growth of owner-occupied values

Summary by KELO
PIERRE, S.D. (KELO) -- Republican Gov. Larry Rhoden and a band of 10 lawmakers can claim a victory today in trying to hold down the rapid rise of assessed values for owner-occupied housing in some parts of South Dakota. State senators on Tuesday afternoon agreed 29-6 with the House on Senate Bill 216. Appropriators reject Noem’s $3.6 million cut for SDPB For the next five years, it calls for capping total growth of assessed values for exis…

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indianachamber.com broke the news in on Monday, March 10, 2025.
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