Published January 31, 2013, 01:07 PM
Novstrup: Income-based ag taxation should be killed
Sen. Al Novstrup is still working to overturn South Dakota’s income-based system of valuing agricultural land for property taxation.By: Staff reports, Republic Capitol Bureau
Sen. Al Novstrup is still working to overturn South Dakota’s income-based system of valuing agricultural land for property taxation.
His bill SB 210 was moved to the Senate Agriculture Committee by the Senate State Affairs Committee on Wednesday.
Novstrup, R-Aberdeen, wants to return to a market-based approach where sales of comparable property are used.
Senators voted 24-11 Wednesday for SB 6, allowing a property owner to ask the county director of equalization to examine a parcel if its use varies from land uses set for it by the director based on the soil types.
Novstrup voted no.
Tags: south dakota, news, updates, state, legislature, agriculture, taxes
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