Assessment Freeze for the Elderly and Disabled

State

South Dakota

Year

2010

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze

Benefit

The assessment is held constant at the value recorded in the year the property owner becomes eligible for the program.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only primary residences with a full and true market value less than $168,855.21 are eligible.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Property Value Limit

Surviving Spouse

Description of Eligibility Criteria

The claimant must have a yearly indexed household income of less than $24,599.44 (single) or $30,749.30 (married); they must have been a property owner and resident of the state for at least 1 year; they must have resided for at least 200 days of the previous calendar year in the dwelling; the property's full and true market value must not exceed $168,855.21; and the claimant must be at least 65 years of age. Annual income is indexed against the CPI for urban wage earners by the Bureau of Labor Statistics.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Record ID

SD105_RR10

Footnotes

Sources

S.D. Codified Laws § 10-6A-1 ~ § 10-6A-12 (in effect for 2010)
2010 Assessment Freeze Application (PT-38), South Dakota Department of Revenue View Archived Source
South Dakota Department of Revenue [http://www.state.sd.us/drr2/propspectax/property/publications.htm Accessed on 4/13/11] View Archived Source

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