Tag: Agricultural Property Taxes

Economy, GovernmentLeave a comment

Tax discussion highlights tension between residential and agricultural property owners

Gary Dickson

The South Dakota legislative committee is addressing the rising property tax burden on residential homeowners compared to agricultural landowners. Factors like the COVID-19 pandemic and shifting property valuations have contributed to this disparity. The committee must consider options for state intervention, as they continue to meet throughout the summer. Parallel taxation discussions are also underway in the state. Continue reading Tax discussion highlights tension between residential and agricultural property owners

Economy, Government, South DakotaLeave a comment

Public forum highlights potential property tax political storm

Gary Dickson

Some attendees at a public forum in South Dakota advocate for raising the sales tax to replace property taxes. Concerns surround the increasing property tax burden on homeowners and commercial property owners, as well as potential negative economic consequences for the state. Various ideas for property tax relief were proposed, including reevaluating property valuations and reconsidering sales tax exemptions. Continue reading Public forum highlights potential property tax political storm