April 1 is application deadline for state's assessment freeze Eligible South Dakotans wanting to apply for the S.D. Department of Revenue's Assessment Freeze for the Elderly and Disabled program have until April 1, 2003 to submit their applications to their county treasurers.
Under the program, elderly and disabled individuals may receive a reduced valuation on their property to be used for taxes payable in 2004. Individuals aged 65 or older who currently receive or are qualified to receive monetary payments under Title II, X, XIV, or XVI of the Social Security Act, and who meet the following qualifications are eligible:
1. Has a household income of less than $15,462.44 for a single-member household; or
2. Has a household income of less than $19,328.03 for a multiple-member household; and
3. Has owned a single-family dwelling, in fee or by contract to purchase for at least one year, or has been a resident of South Dakota for at least one year; and
4. Has resided for at least 200 days of the previous calendar year in the single-family dwelling; and
5. Has established a base year.
In the case of surviving spouses, the year in which the deceased became 65 years of age or disabled should be noted on the application. The program does not apply to single-family dwellings with a full and true value of $100,000 or more unless the applicant has received the freeze on assessments on the dwelling in a preceding year.
Application forms for the Assessment Freeze for the Elderly and Disabled program are available at county treasurer's offices, by calling the Department of Revenue at 605-773-3139, or from the department's Web site at www.state.sd.us/revenue. Completed forms should be returned to your county treasurer by April 1.