The bill amends South Dakota's property tax assessment freeze eligibility criteria by changing the terminology and increasing income limits for applicants. Specifically, it replaces "Any person" with "An individual" and modifies the income thresholds for qualifying households. For single-member households, the income limit is raised from $55,000 to $85,000, while for multiple-member households, the limit remains at $85,000. Additionally, the bill stipulates that the income limits will be adjusted annually starting January 1, 2027, based on the greater of the annual percentage change in the consumer price index or federal social security payments.

Other eligibility requirements remain unchanged, including the need for applicants to have owned and resided in their single-family dwelling for at least five years, to have lived in the dwelling for at least 200 days in the previous year, and to have established a base year. The bill also ensures that surviving spouses of qualified individuals can still receive the tax assessment freeze if they meet the other conditions outlined in the chapter.

Statutes affected:
Introduced, 01/29/2026: 10-6A-2