<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-6A-3 - Ceiling on market value of dwelling--Exceptions--Value increased by index factor.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd0004da220c34b4ca851c81d4406044dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd0004da220c34b4ca851c81d4406044dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd0004da220c34b4ca851c81d4406044dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd0004da220c34b4ca851c81d4406044dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd0004da220c34b4ca851c81d4406044dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd0004da220c34b4ca851c81d4406044d000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sd0004da220c34b4ca851c81d4406044dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd0004da220c34b4ca851c81d4406044dDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd0004da220c34b4ca851c81d4406044dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 10-6A-3 - Ceiling on market value of dwelling--Exceptions--Value increased by index factor."><meta property="og:description" content="SDLRC Codified Law 10-6A-3 - Ceiling on market value of dwelling--Exceptions--Value increased by index factor."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/10-6A-3"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sd0004da220c34b4ca851c81d4406044dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=10-6A-3" rel="noopener"><span class="sd0004da220c34b4ca851c81d4406044dSENU">10-6A-3</span></a><span xml:space="preserve" class="sd0004da220c34b4ca851c81d4406044dSENU">. </span><span class="sd0004da220c34b4ca851c81d4406044dCL">Ceiling on market value of dwelling--Exceptions--Value increased by index factor.</span></p><p dir="ltr" class="sd0004da220c34b4ca851c81d4406044dStatute"><span class="sd0004da220c34b4ca851c81d4406044dDefaultParagraphFont">This chapter does not apply to a single-family dwelling with a full and true market value of five hundred thousand dollars or more unless the applicant has received the freeze on assessments in a preceding year on the single-family dwelling. Beginning on January 1, 2026, the eligibility qualification value of the single-family dwelling provided in this section shall be annually increased by an index factor. The index factor is the annual percentage change in the consumer price index for urban wage earners and clerical workers as computed by the Bureau of Labor Statistics of the United States Department of Labor for the year before the year immediately preceding the year of adjustment or the annual percentage change in federal social security payments for the preceding year, whichever is greater.</span></p><p dir="ltr" class="sd0004da220c34b4ca851c81d4406044dNormal"><span xml:space="preserve" class="sd0004da220c34b4ca851c81d4406044d000000"> </span></p><p dir="ltr" class="sd0004da220c34b4ca851c81d4406044dNoIndent"><span xml:space="preserve" class="sd0004da220c34b4ca851c81d4406044dDefaultParagraphFont-000001">Source: </span><span class="sd0004da220c34b4ca851c81d4406044dSCL">SL 1980, ch 74, § 3; SL 1984, ch 65, § 2; SL 1996, ch 64; SL 2004, ch 82, § 2, eff. Feb. 12, 2004; SL 2007, ch 47, § 1; SL 2022, ch 30, § 3; SL 2025, ch 46, § 5.</span></p></div></body></html>