10-12-3. Determination of rate of state levy--Certification and deduction of amounts available from other sources.
The board of equalization, in determining the rate of tax to be levied against the taxable property in the state, shall ascertain the amount in dollars necessary to meet the estimated ordinary expenses of the state for each year; the amount in dollars necessary to pay the deficiency of the preceding years and the amount in dollars necessary to pay the annual interest and to provide a debt service fund for the payment of the public debt of the state. When these amounts have been ascertained, the board shall require the commissioner of finance and management to certify to such board of equalization the amounts available in the general fund of the state and the probable amounts to become available during the year, from whatever source other than the general property tax. The board of equalization shall then deduct from the amount ascertained to be necessary to meet the requirements of the state for the purposes hereinbefore enumerated the amounts so certified to it by the commissioner of finance and management and as ascertained and determined by such board as being or to become available in the general fund, and shall then levy a tax against the taxable property in the state sufficient only to provide the revenues necessary to equal the balance of the sum ascertained to be necessary to meet the requirements of the state for the purposes hereinbefore enumerated.
Source: SL 1933, ch 193; SDC 1939, ยง57.0501; SL 1977, ch 87.
Structure South Dakota Codified Laws
Chapter 12 - State And Local Property Tax Levies
Section 10-12-1 - Levy of state tax--Purposes covered by levy.
Section 10-12-2 - Maximum state levy.
Section 10-12-4 - Constitutional limitations on state levy to be observed.
Section 10-12-5 - State treasurer to transfer sums to interest and debt service funds.
Section 10-12-8 - Annual county levy for general purposes--Estimate of expenses as basis for levy.
Section 10-12-9 - Purposes for levy of county taxes.
Section 10-12-9.2 - Levy for library purposes--Certain municipalities exempted.
Section 10-12-13.1 - Authorization of increased tax levy--Publication.
Section 10-12-14 - Payment to municipalities from federal matching-aid levy.
Section 10-12-15 - County highway and bridge reserve fund exempt from budget law.
Section 10-12-17 - Use of general road and bridge funds for matching aid permitted.
Section 10-12-21 - Maximum county levy for all purposes.
Section 10-12-21.1 - Levies in addition to limit.
Section 10-12-26 - Annual levy of organized township--Certification to county auditor.
Section 10-12-28 - Maximum rate of township levy.
Section 10-12-28.1 - Additional township levy for fire protection and emergency medical services.
Section 10-12-28.2 - Authorization of tax levy for secondary road capital improvement fund.
Section 10-12-29 - Annual school district levy--Report to county auditor--Spread against property.
Section 10-12-31.1 - Adjusting level of assessment for school districts.
Section 10-12-32 - Maximum rate of levy in municipalities.
Section 10-12-32.1 - Municipalities incorporated after January 1, 1984.
Section 10-12-34.1 - Tax levies based on true and full valuation.
Section 10-12-38 - Equalizing assessment of all property between counties.
Section 10-12-39 - Equalizing assessment of land and structures on property between counties.
Section 10-12-41 - Certification of percent added to or deducted from valuation of property.
Section 10-12-42 - General fund of a school district--Annual levy.
Section 10-12-43.1 - Excess tax levy--School district capital outlay fund--Restrictions.