SIOUX FALLS, S.D. (Dakota News Now) – On Monday, Rhoden announced his homeowner tax relief proposal that would give counties the option to implement a 0.5% sales tax. We spoke with a Minnehaha County Commissioner about the tradeoffs of the proposal and who it would benefit.
The revenue created from the sales tax would be put into a Property Tax Reduction Fund and would replace revenue from owner-occupied property taxes. This would create a Homeowner Tax Credit, which could lower county property taxes for each homeowner in the county.
Minnehaha County Commissioner Joe Kippley said the governor’s proposal acknowledges that in order to cut property taxes, there has to be a tradeoff…