proposing and submitting to the voters at the next general election an amendment to the Constitution of the State of South Dakota, limiting the assessed value of real property and limiting real property taxes.

Summary

The resolution would amend the state constitution to restrict how much a property's assessed value can rise each year to 2% and to limit total ad valorem taxes on real property to 1% of that assessed value. It applies to all real‑property owners in South Dakota, with an exemption for taxes used to pay interest on voter‑approved debt before July 1 2028. The measure was deferred and ultimately failed.

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