An interim legislative committee has decided to offer a bill to streamline property tax assessments. The South Dakota Ag-land Property Tax Assessment Review committee held their last meeting of the year this week in Pierre. Committee member Senator Jason Frerichs of Wilmot says it’s a minor change to the valuation adjustments…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/10/Jason-Frerichs-1013a.mp3|titles=Jason Frerichs 1013a]The state is moving toward a system that assesses ag land on a production basis instead of on comparable sales. Frerichs says there are only a few counties that have not made all their valuation adjustments…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/10/Jason-Frerichs-1013b.mp3|titles=Jason Frerichs 1013b]Frerichs says they also decided to extend the deadline for all counties to move their property valuations…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/10/Jason-Frerichs-1013c.mp3|titles=Jason Frerichs 1013c]The full legislature will debate the proposals in the 2012 session.
(courtesy WNAX, Yankton)