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.