A January 2025 view of the South Dakota State Capitol in Pierre. (Makenzie Huber/South Dakota Searchlight)
A legislative task force aiming to reduce property taxes for South Dakota homeowners will meet in Pierre next week with an opportunity for public comment.
The Comprehensive Property Tax Task Force will meet at 9 a.m. Central time on Monday at the South Dakota State Capitol. Public comment is scheduled for 11:15 a.m.
The agenda also includes breakout discussions among the task force members and presentations from:
- The state Department of Revenue on property tax relief programs and tax increment financing.
- Joseph Santos, economist and academic director of South Dakota State University’s Ness School of Management and Economics, on the effects of taxation on the housing market.
- Pierre Republican Sen. Jim Mehlhaff on his proposal to replace school property taxes with an additional sales tax.
Earlier this year, lawmakers adopted Republican Gov. Larry Rhoden’s proposal to slow property tax increases with multifaceted reforms including a five-year, countywide 3% cap on growth in owner-occupied home assessments. That new law took effect July 1.