HB 1253·SD·house
adjust the assessment methodology for owner-occupied single-family dwellings and nonagricultural property.
Passed One ChamberFiled Feb 2, 2026
Sponsor: Odenbach
Latest Action
Do Pass Amended
Mar 9, 2026
Summary
The bill requires the county director of equalization to adjust the assessed value of each owner‑occupied single‑family dwelling and non‑agricultural property to an average of its fair market values from recent years. The average is calculated by removing the highest and lowest values (the “Olympic average”). The change cannot raise taxes on agricultural property.
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