43-31-32. Conditions of prohibition on collection of certain single-family dwelling property taxes.
Any person making an application under the provisions of §§43-31-31 to 43-31-41, inclusive, is entitled to a prohibition on the collection of real property taxes upon the person's single-family dwelling if the following conditions are met:
(1)Has owned a single-family dwelling, in fee or by contract to purchase, for at least three years, or has been a resident of South Dakota for at least five years;
(2)Has resided for at least eight months of the previous calendar year in the single-family dwelling;
(3)Has established a base year;
(4)Has a household income as defined in §10-6A-1 of less than sixteen thousand dollars if the household is a single-member household; and
(5)Has a household income as defined in §10-6A-1 of less than twenty thousand dollars if the household is a multiple-member household.
Source: SL 1994, ch 339, §2; SL 1997, ch 247, §§1, 2.