Tax Relief

Council advances $200Ok for property tax relief for Sioux Falls’ aged, disabled residents

The Sioux Falls City Council advanced an ordinance appropriating $200,000 to refund property taxes for elderly and disabled residents Tuesday evening.

The ordinance will see a second vote on Feb. 15, alongside the ordinance creating the program itself, which will refund up to $500 of a municipal property tax bill for eligible citizens.

To be eligible for the refund, property owners older than 65 or with disabilities would need to qualify for the state’s “Assessment Freeze for the Elderly & Disabled” program, requirements for which include owning a single-family home with market value no more than $208,828 and having an income of no more than $30,423 for a single person, or $38,029 for multiple people.

More: Sioux Falls City Council takes first vote on property tax refund program for elderly, disabled residents

There are 443 Sioux Falls residents currently enrolled in the program, all of whom would be enrolled in the property tax relief program if it passed.

If approved, the money would be moved from the city’s general fund into the housing fund.

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