Taxes

One of the biggest battles in state finances in recent memory has been what to do with the state property tax. At the most recent interim meeting though, cuts up to 50 percent were sought.

South Dakota US Senator Mike Rounds said the Republican effort to make federal tax cuts from 2017 permanent will help the average South Dakota family. Rounds said the effort will save the average South Dakota family $2,400 annually.

The group wants to lower property taxes. But some on the task force worry its biting off more than it can chew.

Membership of a legislative task force to take a comprehensive look at property taxes in the state is now set. The executive board approved the 18-members of the task force Wednesday.

Gov. Larry Rhoden wants to give county governments the option to implement a half-penny sales tax to go toward property tax relief.

Elected state officials are hoping a new bill signed into law will limit taxable valuation growth in a handful of counties. Soon, some state lawmakers will embark on an interim study to reduce property taxes while looking at the state’s education funding formula.

For the third time in four years, state lawmakers will study property taxes. While prior efforts focused on the state’s property tax structure, this one focuses on reducing owner-occupied taxes.

Gov. Larry Rhoden says more needs to be done on property tax relief than was achieved the past three months during session.

South Dakota lawmakers are passing a bill to temporarily soften the property tax pain some experience in the state. But some are looking for more permanent solutions through local spending cuts.

South Dakota House lawmakers are passing Gov. Larry Rhoden’s bill to temporarily soften property tax burdens. The governor’s bill, which was also crafted by a working group of legislators this session, does several things.