Recent legislation aims to provide property tax relief for homeowners by creating a dedicated fund to reduce property taxes on owner-occupied homes. This is primarily accomplished by redirecting a portion of state tax revenue—such as sales tax collections—into a fund that offsets school and local property tax levies, ultimately lowering the amount homeowners owe.

In combination with related measures, the approach shifts some of the tax burden away from property taxes and toward sales tax revenue, which can result in meaningful reductions in annual property tax bills for qualifying homeowners.

This estimate applies only to properties designated as Owner-Occupied (OO) single-family dwellings. Please note that figures are approximate; for detailed or official information, contact your county auditor’s office. Property tax levies by classification are determined through the legislative process and are not controlled by RCAS.

For more information on the property tax reduction bill, visit: https://sdlegislature.gov/Session/Bill/27158

*Below calculator is an estimate, please contact the county auditor for more information.