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SB196 • 2026

increase the income limits for a property tax assessment freeze.

increase the income limits for a property tax assessment freeze.

Taxes
Active

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

Sponsor
Karr
Last action
2026-02-24
Official status
Do Pass
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.

increase the income limits for a property tax assessment freeze.

increase the income limits for a property tax assessment freeze.

What This Bill Does

  • increase the income limits for a property tax assessment freeze.
  • Official keyword topics: Property Assessment or Valuation Property Tax Taxation Official sponsor note: Senator <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4773/Detail">Karr</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. 2026-02-24 Senate

    Do Pass

  2. 2026-02-23 Senate Taxation

    Do Pass

  3. 2026-02-23 Senate Taxation

    Scheduled for hearing

  4. 2026-02-20 Senate Taxation

    Scheduled for hearing

  5. 2026-01-29 Senate

    First read in Senate and referred to Senate Taxation

Official Summary Text

increase the income limits for a property tax assessment freeze.
Official keyword topics:
Property Assessment or Valuation
Property Tax
Taxation
Official sponsor note: Senator <a rel="noopener" href="https://sdlegislature.gov/Legislators/Profile/4773/Detail">Karr</a> (prime)

Current Bill Text

Read the full stored bill text
26.133.13 101st Legislative Session 196

2026 South Dakota Legislature
Senate Bill 196

Introduced by: Senator Karr

Underscores indicate new language.
Overstrikes indicate deleted language.
An Act to increase the income limits for a property tax assessment freeze. 1
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 2
Section 1. That § 10-6A-2 be AMENDED: 3
10-6A-2. Any person An individual making an application under the provisions of 4
this chapter is entitled to a real property tax assessment freeze upon the person's 5
individual's owner-occupied single-family dwelling if the person: 6
(1) Has a household income of less than fifty -five thousand dollars if the household is 7
a single-member household, or the person has a household income of less than 8
sixty-five eighty-five thousand dollars if the household is a multiple -member 9
household; 10
(2) Has been an owner of an owner -occupied single-family dwelling and a resident of 11
South Dakota for at least five years, unless the person has received the assessment 12
freeze in the previous year; 13
(3) Has resided for at least two hundred days of the previous calendar year in the 14
single-family dwelling; and 15
(4) Has established a base year. 16
The surviving spouse of a person who has previously qualified is entitled to the real 17
property tax assessment freeze if the surviving spouse meets the other conditions of this 18
chapter. 19
Beginning on January 1, 2026, 2027, the household income listed in subdivision 20
(1) of this section must increase annually by the index factor. The index factor is the 21
annual percentage change in the consumer price index for urban wage earners and clerical 22
workers as computed by the Bureau of Labor Statistics of the United States Department 23
of Labor for the year before the year immediately preceding the year of adjustment or the 24
annual percentage change in federal social security payments for the preceding year, 25
whichever is greater. 26