South Dakota Property Tax Reform, Initiative 1 (1994)

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The South Dakota Property Tax Reform Initiative, also known as Initiative 1, was on the November 8, 1994 ballot in South Dakota as an initiated state statute, where it was defeated. The measure would have capped real property taxes at one percent of the property's assessed value and frozen property assessments at the January 1, 1995 level. After that date, tax assessments could only be raised or lowered when property changed ownership or new construction was completed.[1][2]

Election results

South Dakota Initiative 1 (1994)
ResultVotesPercentage
Defeatedd No155,43550.55%
Yes 152,0487 49.45%

Election results via: South Dakota Political Almanac, South Dakota Constitutional Amendments, Initiatives and Referendums 1970-2010

Text of measure

The text of the measure can be read here.

See also

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This historical ballot measure article requires that the text of the measure be added to the page.