10-13-35.12. Exemption from limitation on tax levy increase for taxing district that has not levied property tax for general fund purposes since 1996.
Any taxing district that did not levy a property tax for general fund purposes in any year since 1996 is exempt from the provisions of §10-13-35 if the taxing district establishes the amount of revenue payable from taxes on real property for general fund purposes pursuant to §10-13-35.13. Each year thereafter such taxing district may increase the amount of revenue payable from property taxes by applying the growth and the index factor pursuant to §10-13-35. Any excess levy imposed on property pursuant to §10-13-36 terminates when a general fund levy is imposed by such taxing district pursuant to §10-13-35.13.
Source: SL 2007, ch 49, §1.
Structure South Dakota Codified Laws
Chapter 13 - Property Tax Relief
Section 10-13-20 - Construction of chapter.
Section 10-13-21 - Promulgation of rules.
Section 10-13-35.1 - Exception to limitation on tax levy increase when consolidating services.
Section 10-13-35.3 - Revenue payable from real property taxes may be decreased.
Section 10-13-35.4 - County auditor to calculate maximum revenue amount payable--Factors--Exclusion.
Section 10-13-35.5 - Revenue payable from real property taxes may be increased.
Section 10-13-37 - Median level of assessment to be eighty-five percent of market value.
Section 10-13-37.2 - Appeal of valuation decision.
Section 10-13-37.3 - Application of factor pending appeal.
Section 10-13-37.4 - Circuit court may award costs and attorneys' fees.
Section 10-13-39 - Classification of owner-occupied single-family dwelling.
Section 10-13-39.3 - Ownership requirements for classifying dwellings as owner-occupied.
Section 10-13-40 - Eligibility for owner-occupied classification.
Section 10-13-43 - Information provided by county auditor to Department of Revenue.