10-12-42. General fund of a school district--Annual levy.
For taxes payable in 2023 and each year thereafter, the levy for the general fund of a school district shall be as follows:
(1)The maximum tax levy shall be six dollars and thirty and eight-tenths cents per thousand dollars of taxable valuation subject to the limitations on agricultural property as provided in subdivision (2) of this section and owner-occupied property as provided in subdivision (3) of this section;
(2)The maximum tax levy on agricultural property for the school district shall be one dollar and thirty-six and two-tenths cents per thousand dollars of taxable valuation. If the district's levies are less than the maximum levies as stated in this section, the levies shall maintain the same proportion to each other as represented in the mathematical relationship at the maximum levies; and
(3)The maximum tax levy for an owner-occupied single-family dwelling as defined in §10-13-40 for the school district shall be three dollars and four and eight-tenths cents per thousand dollars of taxable valuation. If the district's levies are less than the maximum levies as stated in this section, the levies shall maintain the same proportion to each other as represented in the mathematical relationship at the maximum levies.
All levies in this section shall be imposed on valuations where the median level of assessment represents eighty-five percent of market value as determined by the Department of Revenue. These valuations shall be used for all school funding purposes. If the district has imposed an excess levy pursuant to §10-12-43, the levies shall maintain the same proportion to each other as represented in the mathematical relationship at the maximum levies in this section. The school district may elect to tax at less than the maximum amounts set forth in this section.
Source: SL 1995, ch 57, §37 as amended by SL 1995, ch 77, §6; SL 1996, ch 69, §5; SL 1997, ch 53, §1; SL 1998, ch 51, §8; SL 1998, ch 59, §1; SL 1999, ch 49, §1; SL 2000, ch 50, §1; SL 2001, ch 51, §1; SL 2002, ch 52, §1; SL 2003, ch 52, §1; SL 2003, ch 272, §82; SL 2004, ch 83, §1; SL 2005, ch 60, §1; SL 2006, ch 41, §1; SL 2007, ch 48, §1; SL 2008, ch 44, §21; SL 2008, ch 48, §1; SL 2009, ch 43, §§1, 2; SL 2010, ch 49, §1; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011; SL 2011, ch 90, §4; SL 2012, ch 64, §1; SL 2013, ch 46, §1; SL 2014, ch 80, §2; SL 2015, ch 88, §3; SL 2016, ch 59, §1; SL 2017, ch 76, §1; SL 2018, ch 92, §1; SL 2019, ch 62, §1; SL 2020, ch 31, §1; SL 2021, ch 78, §1; SL 2022, ch 41, §1.
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.