South Dakota State Historical Society officials remind property owners that Nov. 1 is the deadline to apply for the state property tax moratorium.
State law encourages historic preservation of private property by providing this property tax break. The eight-year moratorium is for restoration and rehabilitation work completed on historic sites during 2023. A new application for certification is necessary for every year that work is undertaken.
18 properties across the state were approved by the State Historical Society board of trustees for the program in 2022.
“These approvals are significant for preserving historic properties in South Dakota and for the property owner,” said Jenna Carlson Dietmeier, the interim State Historic Preservation Officer. “If a historic building qualifies for the tax benefit because of certified improvements, the property tax assessments on that property cannot be increased for eight years due to the rehabilitation of the building.”
The state property tax moratorium is available for buildings listed on the National or State Register of Historic Places and rehabilitated in accordance with the Secretary of the Interior's Standards for Rehabilitation.
For more information about the State Historic Preservation State Property Tax Moratorium, please contact Duncan Trau at the State Historical Society at 605-773-6005 or visit the society’s website at history.sd.gov/preservation and click on Funding Opportunities in the right column.
About the South Dakota State Historical Society
The South Dakota State Historical Society is a division of the Department of Education. The State Historical Society, an Affiliate of the Smithsonian Institution, is headquartered in Pierre. The center houses the society’s world-class museum, the archives, and the historic preservation, publishing and administrative/development offices. For questions or memberships, call 605-773-3458 or visit www.history.sd.gov for more information. The society also has an archaeology office in Rapid City; call 605-394-1936 for more information.