What type of properties are completely exempt from general real estate taxes in South Dakota?

Properties owned by government agencies are entirely exempt from general real estate taxes in South Dakota. This exemption acknowledges that government entities serve the public interest and are funded through taxpayer dollars rather than through the taxation of property. Exempting these properties from real estate taxes prevents the taxation of resources that are already intended for public benefit and utilizes public funds in service to citizens.

On the other hand, while properties owned by educational institutions, residential properties occupied by owners, and properties used for religious purposes may enjoy certain tax benefits or exemptions, they are not universally exempt from all real estate taxes. For example, properties owned by educational institutions might qualify for some tax relief under specific conditions, and religious properties may also be eligible for exemptions, but these are not blanket exemptions like those for government-owned properties. Residential properties occupied by their owners are often subject to property taxes, further clarifying the distinction in the types of exemptions available under South Dakota law.