Deadline approaching for elderly and disabled South Dakotans to apply for property tax relief

RAPID CITY, S.D. — Elderly and disabled residents in South Dakota are eligible for a property tax relief program that freezes the amount of property tax they have to pay on their home even as the home’s value increases.

The program is called the South Dakota’s Assessment Freeze for the Elderly and Disabled and eligible individuals have until April 1 to apply.

South Dakotans who are 65 years of age or older, or disabled, are qualified to apply if they:

  • Have incomes of less than $28,279.43 for a single-member household (only one individual in the household) or less than $35,349.28 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

Property valued above $194,115.32 is not eligible for the freeze, unless the applicant has previously qualified.

Applications can be obtained and submitted to an individual’s local county treasurer’s office. To access the application online, visit http://dor.sd.gov/Taxes/Property_Taxes/Forms.aspx, and click on Form PT-38.

For more information, contact the Department of Revenue at 1-800-829-9188.

 

Categories: Local News, South Dakota News