Proposing and submitting to the voters at the next general election an amendment to the Constitution of the State of South Dakota, limiting the assessed value of real property and limiting real property taxes.

This bill proposes a constitutional amendment to South Dakota that would cap the assessed value of real property and limit real property taxes. It directly affects property owners by establishing specific restrictions on how their property values are calculated for tax purposes. The amendment would be submitted to voters at the next general election for approval or rejection. If passed, it would create a permanent legal framework limiting tax assessments on real estate across the state.