South Dakota Legal Description and Well or Unit Information
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FAQ
Taxes in South Dakota are due and payable the first of January, however the first half of property tax payments are accepted until April 30 without penalty. The second half of property tax payments will be accepted until October 31 without penalty.
South Dakota Property Tax Exemption for Disabled Veterans: South Dakota offers a partial property tax exemption up to $150,000 for disabled Veterans and their Surviving Spouse. This exemption applies to the house, garage and the lot up to one acre.
The only requirements to become a resident of South Dakota: You'll need a South Dakota address and the ability to receive mail sent to that address. You must complete PS Form 1583 to show your "permanent change of address" with USPS. You must be physically present to apply for a South Dakota Driver's License.
What Property Is Protected by the South Dakota Homestead Exemption? In South Dakota, homeowners can exempt an unlimited dollar amount of equity in real property, including a home or condominium.
The law requires that the maker of the will be at least 18 years old and of sound mind. The will must be written, signed, and witnessed by two or more individuals. No witnesses are necessary if the will is dated and if the signature and material portions of the will are in the handwriting of the person making the will.
You must be 65 years of age or older OR disabled (as defined by the Social Security Act). You must own the home or retain a life estate in the property. Un-remarried widow/widowers of persons previously qualified may still qualify in some circumstances. Income and property value limits apply.
South Dakota ? The Land of No Taxation: No state income or capital gains tax. One of the lowest state insurance premium taxes. No intangibles tax. No dividends & interest tax. No state LLC tax. No state LLP tax. No state ad valorem tax. No city or local tax.
Signing Requirements for South Dakota Deeds. A South Dakota deed must include the current owner's original signature. The owner's signature should be dated. A deed transferring real estate owned by two or more owners must include all co-owners' signatures?unless only one owner is transferring an interest.
