The bill amends South Dakota's property tax reporting requirements to enhance transparency and clarity for taxpayers. It mandates that property tax bills must provide a detailed breakdown of taxes by each tax levy, descriptions of each levy, total taxes for each taxing district, and the percentage change from the previous year for each district, all presented in fourteen-point font. Additionally, the bill requires that any abbreviations used in the tax bill be defined, and it specifies that the phrase "Property Tax Distribution Breakdown" must be prominently displayed above the required information.

Furthermore, the bill stipulates that the property tax bill must clearly indicate any taxes due resulting from local decisions to exceed tax increase limits, marked with an asterisk and accompanied by a specific statement regarding the local decision. It also requires the treasurer to inform taxpayers if property tax receipts will not be mailed unless requested and to provide an example of how the total tax is computed. The Department of Revenue is tasked with prescribing a uniform form for these notifications, ensuring consistency across the state.

Statutes affected:
Introduced, 02/05/2025: 10-21-1.1