10-4-24. Homestead exempt from state taxes--Description of homestead included in assessment statement--Apportionment of value.
The homestead as defined by law, except a homestead consisting of a mobile home, when owned and occupied by the owner and his family as a home at the time of assessment shall be exempt from any tax imposed by the Legislature to defray the expenses of the state, or to pay any deficiency thereof. Each person liable to assessment and taxation shall separately list his or her homestead, giving the exact description thereof at the time of the assessment and shall give to the director of equalization at the time of assessment a sworn statement in writing on a form prescribed by the secretary of revenue and provided by the county auditor setting forth the legal description of the premises claimed as the homestead, and in case such homestead is situated within a shop, store, or other building used for business purposes shall specifically set forth the exact description of the portion of such store, shop, or other building being used by the owner thereof as a dwelling, and the director of equalization shall divide the valuation so that the portion claimed as a homestead shall be listed and valued separately from the business portion of said premises and the county auditor of the county where such homestead is situated shall exclude such homestead from his total assessment in determining the amount of the state tax. Nothing herein shall be construed to exempt such homestead from any tax legally imposed for county, township, municipality, or school purposes.
Source: SDC 1939, §57.0311 (7); SL 1939, ch 262; SL 1972, ch 233, §1; SL 1989, ch 82, §41; SL 1992, ch 60, §2; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.
Structure South Dakota Codified Laws
Chapter 04 - Property Subject To Taxation
Section 10-4-1 - Property generally subject to taxation.
Section 10-4-2 - Definition of real property for ad valorem taxation purposes.
Section 10-4-2.2 - Personal property defined for ad valorem taxation.
Section 10-4-2.3 - Portable livestock shelters not real property.
Section 10-4-2.4 - Manufactured homes and mobile homes as real property.
Section 10-4-2.7 - Manufactured home reclassified as exempt.
Section 10-4-3 - Assessment and description of land acquired by reliction.
Section 10-4-4 - Trees under Timber Culture Act not considered improvement.
Section 10-4-5 - Valuation of land containing artesian well.
Section 10-4-8 - Property acquired for highway purposes exempt.
Section 10-4-9.1 - Property owned by public charity and used for charitable purposes exempt.
Section 10-4-9.5 - Continuum of care defined--Additional health care.
Section 10-4-10 - Agricultural land of charitable, benevolent and religious societies.
Section 10-4-11 - Residential and mercantile property belonging to societies taxable.
Section 10-4-13 - Educational institution property exempt--Exceptions.
Section 10-4-13.2 - Nonexempt use of educational institution property--Assessed value.
Section 10-4-14 - Property of agricultural and horticultural societies exempt.
Section 10-4-15.1 - Publication of list of tax-exempt property.
Section 10-4-18 - Appeal from county board determination that property is taxable.
Section 10-4-20 - Permanent record and annual report of tax-exempt property.
Section 10-4-22 - Effective date of change in tax-exempt status.
Section 10-4-23 - Tax-exempt and railroad property taxed to long-term lessee or contract purchaser.
Section 10-4-24.9 - Paraplegic dwellings specially classified for tax purposes--Lands included.
Section 10-4-24.10 - Exemption for dwelling of paraplegic or amputee veteran or surviving spouse.
Section 10-4-24.11 - Reduction of tax on dwelling owned by paraplegic.
Section 10-4-24.12 - Percentage of paraplegic's tax reduction for single-member household.
Section 10-4-24.13 - Percentage of paraplegic's tax reduction for multiple-member household.
Section 10-4-24.14 - Reduction of tax on dwelling owned by paraplegic--Application.
Section 10-4-25 - Cemetery lot exempt.
Section 10-4-30 - Single-family dwellings of disabled or senior citizens classified.
Section 10-4-35 - Wellness center defined--Taxable percentage.
Section 10-4-39 - Exemption of facility operated as a multi-tenant business incubator.
Section 10-4-40 - Partial exemption of dwellings owned by certain disabled veterans.
Section 10-4-42 - Renewable resource defined.
Section 10-4-43 - Renewable energy facility defined.
Section 10-4-45 - Renewable energy property not subject to discretionary formulas.
Section 10-4-46 - Labor union property used exclusively for educational purpose exempt.