Tax assessment bill defeated

Tax assessment bill defeated by Jaimi Reimer The way property value is assessed will not change due to the defeat of SB 104 in committee.

The Senate State Affairs committee unanimously deferred SB 104 to the 41st legislative day. The bill would have provided for the assessment of property based on its acquisition value instead of its market value, said Sen. Cheryl Madden, R-Rapid City.

�It�s not the perfect solution, but it�s better than what we have now,� said Rep. Steve Cutler, R-Claremont.

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