House passes bill to average owner-occupied assessments over eight years to blunt spikes HB 12-53 uses an eight-year "Olympic average" (dropping the highest and lowest values) for owner-occupied and certain nonag properties to smooth valuation spikes; sponsors expect assessment reductions approximating 2023 levels and fiscal staff indicated counties will see effects. The House passed the bill.

South Dakota's House just took a bold step to ease property tax burdens with a new bill that could reshape how homeowners are taxed for years to come!

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