What are the common exemptions to property taxes?

In South Dakota, property taxes are levied by local governments on real and personal property within their jurisdiction. Property tax law in South Dakota includes exemptions for certain types of property that are either entirely exempt, or partially exempt from taxation. Property owned by the state or its political subdivisions, such as public schools, are typically exempt from taxation. Charitable, religious, scientific, hospital, and cemetery organizations may also be exempt from taxation. Further, typically, the primary home owned by a homeowner is also exempt from taxation. In South Dakota, property used for agricultural purposes may also be exempt from property taxes based on its value, as may properties owned by veterans and widows of veterans. Low-income seniors may also be eligible to have their taxes partially or entirely waived. Additionally, many counties may exempt certain other types of property, such as homes owned by disabled veterans, depending on regulations within their jurisdiction. It is important to note, however, that in order to qualify for any form of property tax exemption, the owner of the property must meet certain eligibility standards, typically including income and residency requirements. Individuals with questions about what exemptions may be available to them should contact their local county assessor.

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What are the common exemptions to property taxes?

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