South Dakota Amendment D, Property Tax Assessments (2006)

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South Dakota Amendment D was on the November 7, 2006 ballot in South Dakota as an initiated constitutional amendment, where it was overwhelmingly defeated. It was an attempt to change the manner in which property values are assessed in South Dakota.


Election results

South Dakota Amendment D (2006)
ResultVotesPercentage
Defeatedd No260,37579.8%
Yes 65,903 20.2%

Election Results via: South Dakota Secretary of State

Ballot wording

The State Constitution currently requires that all taxable property be valued for tax purposes at no more than its actual value, and that all property be classified and taxed uniformly.

The proposed amendment to the State Constitution would base the taxable value of property upon “acquisition value” for property sold after January 1, 2007. The Legislature may authorize the assessed value of such property to be annually adjusted by up to three percent, using the 2003 assessed property valuation as the base year. The taxable value of the property may be further adjusted if the property has changed use or classification or has been subject to addition, improvement or destruction. The limitations of this amendment will not apply to centrally assessed property or to any property sold prior to January 1, 2007. A vote “Yes” will change the Constitution.

A vote “No” will leave the Constitution as it is.[1]

Title

An Amendment to Article XI, Section 2 of the South Dakota Constitution, relating to real property assessment for taxation.

Proponents

Reason for promoting Amendment D include: putting the 3-percent cap in the state constitution will prevent property assessments from going through the roof, it will eliminate the possibility of a steep increase in assessed value if a neighbor sells their house or land at an inflated value (good for those who do not intend to sell their homes)[2]

Senator Bill Napoli of District 35 sponsored the amendment.

Opposition

Reasons for opposition include: worries that the amendment will discourage new buyers from purchasing their first homes due to high property taxes being assessed, that it is an untested and complicated method of levying taxes, and that it might increase the mil levies and/or put additional pressure on other forms of taxation.

Donors

Information is available on these Vote No on D Coalition Financial Reports:[3]

See also

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References