SD Secretary of State
Elections & Voter Registration
1994 Election Information
► Ballot Questions Tex and
Explanations - Measure 1
Initiated Measure 1
Property tax reform.
The initiated measure caps real property taxes at one percent of the
property's assessed value. The measure freezes real property tax assessments at
the January 1, 1995, level. After January 1, 1995, real property tax assessments
cannot be raised or lowered unless the property changes ownership or new
construction is completed, and in either case, could not be increased by more
than one and one-quarter percent.
- A vote "YES" will adopt the Initiated Measure.
- A vote "NO" will reject the Initiated Measure.
Full Text of Initiated Measure 1:
1. Effective January 1, 1995, the tax levy for all agencies cannot exceed 1%
of the property's assessed value.
2. Thereafter, real property assessments can only be made when there is a
change of ownership, or a new construction completed, and may not be increased
by more than 1.25% regardless of the rate of inflation.