Assessment Freeze for the Elderly and Disabled

State

South Dakota

Year

2022

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 or another "base year" as chosen by the homeowner.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

The property must have a full and true market value of less than $208,828 for applications in 2022.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Property Value Limit

Surviving Spouse

Description of Eligibility Criteria

The applicant must own and occupy the property as their primary residence. Applicants living in a single-person household must have a 2021 household income of less than $30,423 for application in 2022 or $38,029 for a 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 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_RR22

Footnotes

Applicants who apply for assessment freezes are still eligible for property and sales tax rebates if they qualify for that benefit. Applications for the assessment freeze must be submitted annually by 1 April of the year in which the freeze is sought.

Sources

S.D. Codified Laws § 10-6A-1 ~ § 10-6A-12 (in effect for 2022)
South Dakota, Department of Revenue, Application for Assessment Freeze for Elderly and Disabled, Form PT38 (for application in 2022)
[https://web.archive.org/web/20220119045036mp_/https://sddor.seamlessdocs.com/f/PT38 Accessed 11/7/2023]
View Archived Source

South Dakota, Department of Revenue, Assessment Freeze for Elderly and Disabled Brochure (as of January 2022)
[https://web.archive.org/web/20220127094541/https://dor.sd.gov/media/ipul4avf/freeze-on-assessments-brochure.pdf Accessed 11/07/2023]
View Archived Source

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