Assessment Freeze for the Elderly and Disabled

South Dakota

2021

No Variation in Receipt of Benefits

Assessment Freeze

The assessment is held constant at the value recorded in the year the property owner becomes eligible for the program or another "base year" as chosen by the homeowner. Applications for the assessment freeze must be submitted annually by 1 April of the year in which the freeze is sought.

Exemption from assessed value

Residential

Only primary residences with a full and true market value less than $194,115.32 are eligible.

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Property Value Limit

Surviving Spouse

The claimant must have a yearly household income of less than $20,000 (alone) or $25,000 (multi-member household). The claimant must have been a property owner and resident of the state for at least 1 year and must have resided for at least 200 days of the previous calendar year in the dwelling. The claimant must also be at least 65 years of age. Income and property value is indexed annually against the CPI for urban wage earners by the Bureau of Labor Statistics.

Local government is unable to exercise an option

No local option regarding program features

Local government covers all of its tax loss

SD105_RR21