10-6-128. Agricultural income value--Determination--Database of cropland data.
The secretary of revenue, upon notifying the Agricultural Land Assessment Implementation and Oversight Advisory Task Force, may contract with one or more qualified entities for the purpose of creating or maintaining a database to determine the agricultural income value of agricultural land by county, consisting of eight consecutive years of cropland data and noncropland data. The data for the year representing the highest agricultural income value among the eight years and the year representing the lowest agricultural income value among the eight years shall be discarded from the database and the remaining six years averaged for valuation purposes. For each assessment year, the first year of the eight-year data period shall be the year that is nine years less than the assessment year.
The cropland data must include acres planted, acres harvested, yield per acre, and statewide crop prices. The noncropland data must include cash rents and statewide calf prices. The noncropland data may also include rangeland and pastureland animal unit months per acre, rangeland and pastureland acres, and grazing season data.
Any qualified entity contracting with the secretary of revenue pursuant to this section shall provide the data for each county to the secretary of revenue by June first of each year.
For purposes of this section, a qualified entity is a federal or state agency, instrumentality, institution of higher learning, other federal or state authority, or private entity with expertise in researching or evaluating land production capacity.
Source: SL 2008, ch 44, §6; SL 2009, ch 40, §2; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011; SL 2011, ch 49, §1; SL 2020, ch 37, § 1; SL 2021, ch 44, § 44.
Structure South Dakota Codified Laws
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 10-6-108 - 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 10-6-117 - Agricultural land--Riparian buffer strip classification--Criteria.
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 10-6-127 - 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 10-6-137.1 - 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 10-6-141 - 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 10-6-147 - 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 10-6-157 - Consideration of federal income tax credits in assessing property prohibited.