The South Dakota House Taxation Committee considered a bill this week (Feb. 17) that would have limited annual valuation increases on owner-occupied single-family dwellings and provide an exemption for mill rate limitations on taxing districts. House Bill 1312 sponsor Rep. Kathy Rice from Black Hawk told lawmakers homeowners have seen double-digit valuation increases in recent years. She said her bill would add “guardrails” by tying allowable growth to inflation measures. After debate, Rep. Will Mortensen from Fort Pierre, moved to defer HB 1312 to the Legislature’s 41st day. The committee approved that motion on a 9-3 vote. ...read more read less