KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to South Dakota

HB1036 • 2026

limit annual valuation increases on owner-occupied single-family dwellings and nonagricultural property.

limit annual valuation increases on owner-occupied single-family dwellings and nonagricultural property.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Auch
Last action
2026-01-22
Official status
Tabled
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

limit annual valuation increases on owner-occupied single-family dwellings and nonagricultural property.

limit annual valuation increases on owner-occupied single-family dwellings and nonagricultural property.

What This Bill Does

  • limit annual valuation increases on owner-occupied single-family dwellings and nonagricultural property.
  • Official keyword topics: Property Assessment or Valuation Property Tax Taxation Official sponsor note: Representative <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4733/Detail">Auch</a> (prime)

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-22 House Taxation

    Scheduled for hearing

  2. 2026-01-22 House Taxation

    Tabled

  3. 2026-01-13 House of Representatives

    First read in House and referred to House Taxation

Official Summary Text

limit annual valuation increases on owner-occupied single-family dwellings and nonagricultural property.
Official keyword topics:
Property Assessment or Valuation
Property Tax
Taxation
Official sponsor note: Representative <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4733/Detail">Auch</a> (prime)

Current Bill Text

Read the full stored bill text 
26.295.17 101st Legislative Session 1036

2026 South Dakota Legislature
House Bill 1036

Introduced by: Representative Auch

Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to limit annual valuation increases on owner -occupied single -family 1
dwellings and nonagricultural property. 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 3
Section 1. That § 10-6-105 be AMENDED: 4
10-6-105. All real property subject to taxation shall must be listed and assessed 5
annually, but the value of such the property is to be determined according to its value on 6
the first day of November preceding the assessment , while the value of any owner -7
occupied single-family dwelling and nonagricultural property, as classified in § 10-6-110, 8
is subject to the value limitations provided in section 2 of this Act. 9
Section 2. That chapter 10-6 be amended with a NEW SECTION: 10
Except as otherwise provided in this section, for purposes of the annual assessment 11
required by § 10-6-105, the assessed value of an owner -occupied single-family dwelling 12
or nonagricultural property may not increase more than three percent annually. 13
A property subject to the limitation of this section must be assessed at its fair 14
market value when: 15
(1) A change in ownership of the property occurs; 16
(2) The classification or use of the property changes; or 17
(3) An addition or expansion has been made to the property. 18
Subdivision (3) of this section does not include additions to, or expansions of, 19
existing structures affixed to the land if the improvements result in an increase in the 20
property's fair market value of forty percent or less. The renovation of existing structures 21
does not constitute an addition or expansion of the property. 22