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Governor’s property tax plan will have unexpected consequences

Summary by South Dakota Searchlight
South Dakota Gov. Larry Rhoden speaks to a joint session of the Legislature on Jan. 28, 2025, at the Capitol in Pierre. (Joshua Haiar/South Dakota Searchlight)Gov. Larry Rhoden’s “rifle shot” Thursday to limit the countywide assessed value of owner-occupied residential property to 3% annual growth for five years is a simplistic plan that will create future problems. Senate Bill 216 as proposed will shift taxes even further onto commercial proper…

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siouxfallslive.com broke the news in Worthington, United States on Friday, February 14, 2025.
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