Elderly and disabled South Dakotans have until April 1, 2021 to apply for property tax relief under South Dakota’s Assessment Freeze for the Elderly and Disabled Program.
Under the program, a qualifying homeowner’s property assessment is prevented from increasing for tax purposes. If the actual value of the home increases, the homeowner still pays property taxes on the lower value.
To be eligible for the Assessment Freeze for the Elderly and Disabled Program, individuals must meet the following qualifications:
Have income of less than $29,565.46 for a single-member household (Only one individual in the household) or less than $36,956.82 for a multiple-member household.
- Have owned or retained a life estate in a single-family dwelling for at least one year and have been a resident of South Dakota for at least one year.
- Have resided in the single-family dwelling for at least 200 days of the previous calendar year
- Be 65 years of age or older or disabled (as defined by the Social Security Act)
- Un-remarried widows/widowers of those who previously qualified for the program may still qualify in some circumstances.
The valuation limit for the program is $202,943 or more of full and true value, meaning that properties valued above the limit are not eligible unless the applicant has previously qualified.
Applications must be submitted to your local county treasurer’s office by the April 1 deadline. Applications are available at your local county treasurer’s offices or can be printed from the Department of Revenue’s website here. For more information, please visit our property tax relief programs page here or call us at (800) 829-9188, option 2.