Elderly and disabled South Dakotans have until April 1 to apply for property tax relief under South Dakota’s Assessment Freeze for the Elderly and Disabled Program.
Under the program, for tax purposes, the homeowner’s property assessment is prevented from increasing. If the actual value of the home increases, the homeowner still pays property taxes on the former (lower) value.
To be eligible for the program, individuals must meet the following qualifications:
• Have incomes of less than $29,071.25 for a single-member household (only one individual in the household) or less than $36,339.06 for a multiple-member household;
• Have owned or retained a life estate in a single-family dwelling, in fee or by contract to purchase, for at least one year and have been a resident of South Dakota for at least one year;
• Have resided for at least 200 days of the previous calendar year in the single-family dwelling; and
• Be 65 years of age or older or disabled.
See full story in this week’s Dakota Dunes / North Sioux City Times and Leader-Courier.