(Rapid City, SD) — The South Dakota Senate is passing a provide property tax relief bill to the governor. The bill passed 20-to-13 in the state Senate on Wednesday and creates a property tax reduction fund in the State Treasury. It’s tied to an expiring point-three-percent sales tax that would instead be applied to general education levies on single-family homes owned by residents. Supporters say it provides much-needed relief to homeowners struggling to manage tax increases. Opponents say the sales tax unfairly burdens non-homeowners with the costs.
