November 23, 2017

Deadline for Buffer Strip Property Tax Incentive Approaching in South Dakota

The South Dakota Department of Revenue reminds land owners that applications for the riparian buffer strip property tax incentive must be submitted by Friday at 5 p.m.

 Under Senate Bill 66, which Gov. Dennis Daugaard signed into law this year, eligible riparian buffer strips are assessed at 60 percent of the land’s agricultural income value. The bill specifies 575 lake listings and 11,000 miles of streams that are eligible. Only land within 120 feet of a listed lake, river or stream may be classified as a riparian buffer strip and grazing is prohibited from May 1 through Sept. 30.

 Applicants may view a web map to help determine which waters qualify under the program. The interactive map can be accessed at denr.sd.gov/datagis.aspx.

 Applications must be submitted to the director of equalization in the county where the property is located. Eligible applicants will receive tax relief for their 2018 assessment for taxes payable in 2019. To learn more about the property tax incentive or access the application, visit dor.sd.gov/bufferstrips.aspx.

South Dakota Department of Revenue