Owner-occupied status of non-ag property

Each property owner in South Dakota is allowed one property that they may claim as an occupied property. This property would receive a reduction to the school general fund mil levy. This reduction does require an application. Once owner-occupied status has been attained, there will be no change to the classification unless the owner claims a different property, or a new owner obtains the property in question. SDCL 10-13-40.

Senior or disabled assessment freeze

This is a freeze on the assessed value of a property. Once a property owner has reached the age of 65 and meets current income guidelines, the property assessment may be rolled back to the value assessed to it the year of the property owner’s 65th birthday. This does require an annual application and proof of income. Income threshold changes annually with any change in cost of living. Application for this reduction must be made on or before April 1 of a current assessment year. Application is made with the county treasurer. SDCL 10-6A.

Disabled Veteran

Property owned and occupied by a veteran who is rated totally and permanently disabled from a service-connected disability, or veteran’s surviving spouse is allowed a $150,000 reduction in their assessed value. SDCL 10-4-40 and 10-4-41.

Paraplegic Veteran

10-4-24.10

A dwelling or part of a dwelling designed as provided in 10-4-24.9 that is owned and occupied for the full calendar year in which a tax is to be levied by a paraplegic veteran, a veteran with the loss or loss of use of both lower extremities, or the un-remarried widow or widower of the veteran is exempt from taxation. Notwithstanding any other provision of the law, if the Director of Equalization determines that a veteran or the veteran's un-remarried widow or widower is entitled to the exemption provided in this section, the veteran or the veteran's un-remarried widow or widower retains that exemption until the property ownership is transferred, the veteran or the veteran's un-remarried widow or widower ceases to occupy the dwelling, or the property has a change in use. If the legal description of the property is changed, the exemption remains in place as long as the veteran or the veteran's un-remarried widow or widower continues to reside in the dwelling.

Paraplegic

10-4-24.11

To the extent that a dwelling or part thereof is owned and occupied by a paraplegic or an individual with the loss or loss of use of both lower extremities, the individual's tax liability shall be reduced as provided in 10-4-24.12 and 10-4-24.13, on that portion of the dwelling, provided the dwelling was owned and occupied for the full calendar year prior to the year in which the taxes are due and receivable. 

Inundated Farmland

Agricultural land that has been unable to produce a commodity over the past 3 consecutive growing seasons and is not receiving a payment via any government subsidy, crop insurance, CRP, etc. may have those flooded acres reduced to a value similar to other class 8 soils within the county. This requires an annual application due by Nov. 1 for the upcoming assessment year. SDCL 10-6-33.21 and SDCL 10-6-33.22.