Pierre, S.D. (KELO-AM) - Homeowners who live in different homes or new homes from the previous year that they have until Friday, March 15, 2013, to file for owner-occupied, single-family-dwelling certificates that make them eligible for a property tax reduction.
“If you have moved into a new or different home, please check your assessment notice to ensure that your home is classified as owner-occupied,” said Gov. Dennis Daugaard. “I want to make sure the property tax reduction is received by everyone who is eligible.”
All South Dakotans who owned and occupied a home on Nov. 1, 2012, are eligible for the classification and the property tax reduction. Taxpayers who have received the reductions previously and still own and occupy the same homes will continue to receive the property tax reduction without filing new certificates. It is not necessary to file them again.
The 2013 valuation notices that taxpayers have received since March 1, 2013, will indicate if property is classified as owner-occupied. To receive the lower tax rate, homeowners are advised to check their notices to make sure their property is listed as owner-occupied.
Taxpayers who have purchased a home, built a new home prior to Nov. 1, 2012, or have previously not applied for the classification must apply to their county director of equalization by March 15, 2013. Applications postmarked by March 15, 2013, will qualify for the lower tax rate.
Homeowners who need the forms or have questions about the owner-occupied certificate should contact their county director of equalization or the Property and Special Taxes Division of the South Dakota Department of Revenue in Pierre at 605-773-3139.