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§ 10-13-37 Median level of assessment to be eighty-five percent of market value.

SD Codified L § 10-13-37 (2019) (N/A)
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10-13-37. Median level of assessment to be eighty-five percent of market value. Property taxes shall be levied on valuations where the median level of assessment represents eighty-five percent of the market value as determined by the Department of Revenue.

Source: SL 1995, ch 57, § 15; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011.

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§ 10-13-36 Excess tax levy authorized--Vote of governing body--Announcement requirements--Referendum election.
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§ 10-13-37.1 Calculation of factor for nonagricultural valuations--Sales and assessments from preceding year.