🏡 How It Affects the Average Homeowner: Your Path to Tax Freedom

🏛️ SEAL SD Shows the Real Impact of the Core GRT Plan

At SealSD.com, we know South Dakotans want to understand how the Core GRT Plan—part of the Maximum Liberty Plan (Plan 2)—changes their daily lives. This plan replaces all state taxes with a single 5% Gross Receipts Tax (GRT), generating $3.6 billion and saving the average homeowner $3,000–$5,000 annually by eliminating property taxes. For the average homeowner, this means more money in your pocket, no more property tax bills, and a simpler tax system. Let’s break down exactly what this looks like for you, using real-world examples to show how the Core GRT Plan brings tax freedom to your doorstep.

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💰 No More Property Taxes: A Big Win for Your Wallet

The Core GRT Plan eliminates property taxes entirely, saving South Dakotan homeowners $1.6 billion state-wide, which translates to $3,000–$5,000 per household annually:

• Example in Custer County: If your home is valued at $206,902 (the county average), you currently pay $2,607 yearly in property taxes (1.26% rate). Under the Core GRT Plan, that bill drops to $0, saving you $2,607 every year.
• Example in Sioux Falls: For a $300,000 home, you’d pay around $4,500 annually in property taxes (1.5% rate). With the Core GRT Plan, you save the full $4,500, giving you more financial freedom.
• Impact: No property taxes mean you’ll never worry about losing your home to a tax bill, a relief for families, seniors, and farmers across South Dakota.

Analogy for Clarity: Imagine you’ve been paying a $4,500 annual fee to keep your picnic spot—now that fee is gone, leaving you $4,500 to enjoy the picnic however you like, with no risk of losing your spot!

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📉 Lower Costs on Everyday Purchases

The Core GRT Plan replaces sales taxes with the 5% GRT, which businesses pay on their total sales, often resulting in lower costs passed on to you:

• Example at Lynn’s DakotaMart in Hot Springs: On a $40 grocery purchase, you currently pay $2.60 in sales tax (6.5% combined rate). With the Core GRT Plan, essentials like groceries are exempt, so your tax drops to $0. For non-exempt items like clothing, a $40 purchase might see a $1.00 GRT pass-through (2.5% estimated), saving you $1.60 per transaction.
• Annual Impact: If you spend $500 monthly on non-exempt items like dining out or clothing ($6,000 yearly), the GRT pass-through might add $150 annually ($6,000 × 2.5%). Compare that to the $4,500 you save on property taxes—that’s a net gain of $4,350 for the year.
• Impact: You’ll save on every purchase, especially on essentials, leaving more money for what matters to you.

Analogy for Clarity: Shopping at the picnic market used to cost you $2.60 extra for snacks—now your picnic groceries are free, and other items are cheaper, saving you $1.60 each trip, so you can enjoy more picnic treats!

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💸 Residency Rebates: Extra Cash for Staying in South Dakota

The Core GRT Plan rewards South Dakotans who live in the state for 6+ months with a $200 residency rebate, totaling $60 million for 300,000 residents:

• Example for a Rapid City Family: If you and your spouse both qualify as in-state residents (6+ months in South Dakota), you’ll receive $400 combined ($200 each). Use it for a family outing in the Black Hills or to cover a utility bill.
• Out-of-State Owners: If you’re an out-of-state homeowner spending less than 6 months in South Dakota, you won’t get the rebate, encouraging year-round residency to support local communities.
• Impact: This rebate puts extra cash in your pocket, rewarding you for making South Dakota your home.

Analogy for Clarity: Staying at the picnic for the whole season earns you a $200 picnic gift card—enough for a fun picnic day with your family, while part-time picnic guests help keep the picnic local!

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📈 Overall Impact: More Money, Less Stress

Here’s how it all adds up for the average South Dakotan homeowner:

• Property Tax Savings: $3,000–$5,000 annually (e.g., $4,500 for a $300,000 home in Sioux Falls).
• GRT Pass-Through Costs: Approximately $150 yearly on $6,000 of non-exempt purchases.
• Residency Rebate: $200 per qualifying resident (e.g., $400 for a couple).
• Net Financial Gain: For a Sioux Falls couple, that’s $4,500 (property tax savings) – $150 (GRT costs) + $400 (rebates) = $4,750 more in your pocket each year.
• Impact: You’ll have more money to spend, save, or invest, with no property tax burden hanging over your head, giving you financial freedom and peace of mind.

Analogy for Clarity: Our picnic plan saves you $4,500 on your picnic spot, costs you just $150 for snacks, and gives you $400 in picnic gift cards—leaving you with $4,750 to make your picnic the best yet, with no worries about losing your spot!

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🚀 Join the Movement

Got more questions? We’re here to help. Join the movement to learn more, volunteer, and help secure tax freedom for every South Dakotan. Your voice can make a difference.

👉 Join the Movement Now →
Your voice. Your state. Your moment. Get involved today.

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📂 Learn More

• 🌄 Our Vision for South Dakota
  The future we’re building — bold, free, and family-first.
• 📊 End Property Tax: GRT Plan
  How the 5% Gross Receipts Tax will replace property taxes — and why it works.
• 📈 Revenue Verification
  Ensuring every dollar is accounted for — transparency you can trust.
• 🛡️ Safeguards to Protect Homes
  No tricks, no traps — just locked-in protections you can count on.
• 🕵️ SD-DOGE: Our Government Watchdog
  Efficiency, oversight, and a watchdog that works for the people.
• 👉Get the Facts
  Will Prices Go Up?: Debunk myths about price increases under the GRT.
• 🚀 Join the Movement
  Your voice. Your state. Your moment. Get involved today.