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Larry Rhoden: “It raises the minimum, the wage requirement or the cap to…”

Featuring: Larry Rhoden, Republican | Governor of South Dakota

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Governor Larry Rhoden Discusses Timber Industry, Property Tax Reforms, and Legislative Challenges in South Dakota

Published | Video Starts at 05:48

And first, we cap the increases from here for the next five years at 3% county wide on owner occupied taxes. We also another big part of the bill is for the assessment freeze program. It raises the minimum, the wage requirement or the cap to 65,000 for multiple member home and the value of the house to 500,000. So it allow more people that are on a fixed income to have their property taxes frozen altogether. And so those are the two main things. (05:48–06:00)

CLAIM

Asserts that the bill raises income and property value caps for the assessment freeze program.

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