South Dakotans making more than $4,200 don’t qualify for property tax relief. That could be changing.
South Dakotans making more than $4,200 don’t qualify for property tax relief. That could be changing.
Income requirements for tax break programs haven’t been adjusted since 1992
South Dakotans making more than $4,200 don’t qualify for property tax relief. That could be changing.
More property tax relief could be on the way for South Dakota’s lowest earners.
A trio of tax relief programs for the elderly, disabled and veterans are being adjusted to expand the number of South Dakota residents who might qualify.
State law for years has allowed impoverished property owners to get a tax break on their annual tax bill under three separate relief programs: the Homestead Act, Disabled Veterans and Elderly and Disabled.
However, the income requirements listed in statute haven’t been adjusted for two decades. And that’s resulted in fewer people than ever being eligible for any breaks. For instance, a single-income individual with an income of more than $4,200 a year doesn’t qualify for any of the relief programs available.
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