10-3-41. Median level of assessment to represent eighty-five percent of market value.
The director of equalization shall make the necessary adjustments to the valuations before the notice of assessment pursuant to §10-6-154, so that the median level of assessment represents at least eighty-five percent of market value as determined by the Department of Revenue.
Source: SL 1995, ch 57, §34; SL 1996, ch 73, §4A; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011; SL 2021, ch 44, § 44.
Structure South Dakota Codified Laws
Chapter 03 - County Directors Of Equalization
Section 10-3-1 - Office of county director of equalization established.
Section 10-3-1.1 - Certification required for assessing or appraising officials.
Section 10-3-1.2 - Examination of applicants for certification--Enrollment--Standards.
Section 10-3-2 - Qualifications of county director.
Section 10-3-3 - Appointment of county director--Mayor participating.
Section 10-3-4 - Oath and bond of director.
Section 10-3-5 - Term of office of director--Dismissal--Subsequent terms--Vacancies in office.
Section 10-3-6 - Salary of county director.
Section 10-3-7 - Traveling expenses of county director.
Section 10-3-11 - Appointment of deputies subject to recommendations of director--Powers and duties.
Section 10-3-13 - Qualification by deputies--Compensation.
Section 10-3-14 - Annual conference of commissioners and director.
Section 10-3-15 - Facilities and supplies furnished to county director and municipal deputy.
Section 10-3-16 - Assessment of property by director--Exception--County as assessment district.
Section 10-3-19 - Requiring statement for agricultural census.
Section 10-3-20 - Requiring affidavit of name and residence.
Section 10-3-21 - Affidavit of name and residence transmitted to other county.
Section 10-3-23 - Entry on and inspection of property--Listing of taxpayers.
Section 10-3-25 - Assessment of property of absent or unknown owner.
Section 10-3-26 - Valuation of property of absent or unknown owner.
Section 10-3-29 - Preparation and maintenance of county topographical map and tables--Contents.
Section 10-3-30 - Preparation and maintenance of county land valuation map--Contents.
Section 10-3-32 - Posting of real estate transfers to assessment rolls.
Section 10-3-33 - Assistance to county commissioners and boards of equalization.
Section 10-3-37 - Other assessors' powers exercised by director.
Section 10-3-39 - Liability on bond for taxes not assessed.
Section 10-3-40 - Action on director's bond for taxes lost through failure or neglect--Judgment.
Section 10-3-41 - Median level of assessment to represent eighty-five percent of market value.