February 2, 2017

South Dakota Budget and Policy Institute: HB 1182 Raising teacher salaries – how much would taxes change for your household?

ITEP Work in Action

The combination of property tax savings and sales tax increases will affect each household differently.

Raising sales tax by 1/2 cent will raise about $107 million dollars.  And decreasing property tax will cost about $40 million dollars.  But how much will your household pay to support the change?  You can figure that out by answering two questions.