South Dakota Codified Laws
Chapter 06 - Annual Assessment Of Property
Section 10-6-123 - Distinction between agricultural and nonagricultural real property.

South Dakota Codified Laws

Title 10 - Taxation

Chapter 06 - Annual Assessment Of Property

Section 10-6-101 - Definition of terms.

Section 10-6-102 - Mill levy defined--Substitution.

Section 10-6-103 - One mill defined--Substitution.

Section 10-6-104 - Fair market value and full and true value defined.

Section 10-6-105 - Period during which assessment made--Date of assessment.

Section 10-6-106 - Leased school lands classified separately--Assessment date and valuation date--Assessment, equalization, and taxation of school and endowment lands.

Section 10-6-108 - Statement of real property required of taxpayers.

Section 10-6-109 - Viewing of property--Inspection of records--Recording assessed value.

Section 10-6-110 - Classification of property--Notation by director.

Section 10-6-111 - Agricultural land taxed without regard to zoning.

Section 10-6-112 - Classification of agricultural land--Criteria.

Section 10-6-113 - Property tax freeze authorized for agricultural property of beginning farmer.

Section 10-6-114 - Criteria for qualifying for tax freeze on agricultural property of beginning farmer.

Section 10-6-115 - State-owned public shooting area or game production area assessed and taxed as agricultural land.

Section 10-6-116 - Agricultural land--Riparian buffer strip described--Additional county board authorization.

Section 10-6-117 - Agricultural land--Riparian buffer strip classification--Criteria.

Section 10-6-118 - Penalty for misrepresentation of agricultural land as qualifying as riparian buffer strip.

Section 10-6-119 - Basis for determining valuation for tax purposes--Cost, market and income approaches to appraisal considered.

Section 10-6-120 - Property not used for agriculture separately assessed.

Section 10-6-121 - Minimum and maximum median sales to assessment ratio.

Section 10-6-122 - Maximum coefficient of dispersion.

Section 10-6-123 - Distinction between agricultural and nonagricultural real property.

Section 10-6-124 - Promulgation of rules--Purposes.

Section 10-6-125 - Assessed value of inundated farmlands--Classification.

Section 10-6-126 - Request for special assessment for inundated farmland--Time limit--Description of land.

Section 10-6-127 - Agricultural land to be assessed based on agricultural income value.

Section 10-6-128 - Agricultural income value--Determination--Database of cropland data.

Section 10-6-129 - Factors used for percentage of annual earning capacity.

Section 10-6-130 - Soil classification--Land categorization--Director adjustments.

Section 10-6-131 - Agricultural income value for county--Adjustment of assessed value by director.

Section 10-6-132 - Classification of buildings and structures.

Section 10-6-133 - Fair market value of agricultural land.

Section 10-6-134 - Agricultural Land Assessment Implementation and Oversight Advisory Task Force.

Section 10-6-135 - Recommendations required by Agricultural Land Assessment Implementation and Oversight Advisory Task Force.

Section 10-6-136 - Centrally assessed operating property classified--Percentage of value at which equalized.

Section 10-6-137 - Discretionary formula for reduced taxation of new structures and additions--Partially constructed structures.

Section 10-6-137.1 - Discretionary formula for reduced taxation of new residential structures.

Section 10-6-138 - Municipal adoption of reduction for new property.

Section 10-6-139 - Adoption of assessed value formula by governing board of improvement district.

Section 10-6-140 - [Effective until June 30, 2025] Real property receiving discretionary formula prior to July 1, 2020.

Section 10-6-141 - Boundaries of redevelopment neighborhood.

Section 10-6-142 - Standards for redevelopment neighborhood property within municipality.

Section 10-6-143 - Classification of certain residential property.

Section 10-6-144 - Valuation of certain residential property.

Section 10-6-145 - Unrecorded improvements to real property--Notification of value to county auditor.

Section 10-6-146 - Improvements to which provisions not applicable--Petition and hearing prior to notification of auditor.

Section 10-6-147 - Petition for reversal of director's decision--Notice and hearing.

Section 10-6-148 - Railroad and highway rights-of-way deducted in valuing land.

Section 10-6-149 - Real estate list included in assessment lists, rolls, and book--Contents.

Section 10-6-150 - Form for real estate list.

Section 10-6-151 - Equalization director's affidavit attached to real estate list.

Section 10-6-152 - Records of county auditor or treasurer authorized as tax records.

Section 10-6-153 - Delivery of updated records to boards of equalization--Open to public inspection.

Section 10-6-154 - Notice of assessment--Required information--Promulgation of rules.

Section 10-6-155 - Notice to real property owners of certain increases in assessed valuation--Contents--Promulgation of rules.

Section 10-6-156 - Counties not in compliance--Basis of request for and issuance of certificate of compliance.

Section 10-6-157 - Consideration of federal income tax credits in assessing property prohibited.