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Larry Rhoden: “We cap the increases from here for the next five years at 3%…”

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 05:33

Well, you know, it does several things that helps move the needle in the right direction. 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. (05:33–05:42)

CLAIM

Asserts that a bill caps property tax increases at 3% for the next five years on owner-occupied properties.

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