Statutes, codes, and regulations
South Dakota Codified Laws
Title 10 - TAXATION
Chapter 12 - STATE AND LOCAL PROPERTY TAX LEVIES
Section 10-12-31.1 - Adjusting level of assessment for school districts

S.D. Codified Laws § 10-12-31.1

Download
PDF
Current through the 2024 Legislative Session
Section 10-12-31.1 - Adjusting level of assessment for school districts

Notwithstanding other provision of law, when applying the levies for school purposes, the county director of equalization of each county shall adjust the level of assessment in that district so that the level of assessment as indicated by the most recent assessment to sales ratio as provided for in § 10-11-55 and the most recent agricultural income value as provided for in § 10-6-127 to 10-6-132, inclusive, in that district are equal to eighty-five percent of market value or agricultural income value. The Department of Revenue shall provide the director of equalization of each county all of the factors of adjustment necessary for the computations required in this section.

SDCL 10-12-31.1

SL 1980, ch 77, § 1; SL 1983, ch 73; SL 1984, ch 68; SL 1989, ch 87, § 6; SL 1995, ch 57, § 38; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2008, ch 44, §14, eff. July 1, 2009; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011; SL 2021, ch 44, §44.