S.D. Admin. R. 4:01:08:04

Current through Register Vol. 51, page 67, December 16, 2024

Section 4:01:08:04 - Appraisals

For each land exchange, or assembled land exchange, including a conditional land exchange, an appraisal or appraisal report shall be required as follows:

(1) Tracts with an assessed value of $100,000 or less may be appraised by a realtor registered in this state, under SDCL chapter 36-21 B;

(2) Tracts with an assessed value of $100,000 up to $250,000 shall be appraised by a licensed appraiser or a certified general appraiser;

(3) Tracts with an assessed value of $250,000 or greater shall be appraised by a certified general appraiser.

S.D. Admin. R. 4:01:08:04

26 SDR 99, effective 2/3/2000.

General Authority: SDCL 5-3-7.

Law Implemented: SDCL 5-3-7.