South Dakota Property Tax Assessments, Amendment D (2006)

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The South Dakota Property Tax Assessments Amendment, also known as Amendment D, was on the November 7, 2006 ballot in South Dakota as an initiated constitutional amendment, where it was defeated. The measure would have based the taxable value of property upon acquisition value rather than actual value.[1][2]

Election results

South Dakota Amendment D (2006)
ResultVotesPercentage
Defeatedd No260,37579.80%
Yes 65,903 20.20%

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.

Support

Reasons for promoting Amendment D included: putting the 3-percent cap in the state constitution would have prevented property assessments from going through the roof and it would have eliminated 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).[3]

Senator Bill Napoli of District 35 sponsored the amendment.

Opposition

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

See also

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External links

References


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