South Dakota Officials Debate New Method for Taxing Farmland

Posted on Jul 02, 2013

As corn and soybean prices have soared to unprecedented heights in recent years, South Dakota farmers have made more money than ever.

And thanks to lawmakers who in 2008 rewrote the rules for assessing the value of agricultural property, farmers don't have to spread that wealth around when property tax bills come due. Instead, it's home and business owners who are seeing higher tax rates to pay for public schools and city and county government, while farmers get lower tax rates for land assessed at less than half its worth on the open market.