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2017 South Dakota Codified Laws
Title 10 - TAXATION
Chapter 06 - Annual Assessment Of Property
§ 10-6-76 Use of arms-length sales of nonagricultural and owner-occupied property to value other real property.
Universal Citation: SD Codified L § 10-6-76 (2017)
10-6-76. Use of arms-length sales of nonagricultural and owner-occupied property to value other real property. If any nonagricultural or owner-occupied property sells for more than one hundred fifty percent of its assessed value after November 1, 2008, the sale of such property shall be used to value other real property if the sale is an arms-length transaction. However, for the taxable valuation for the taxes payable in 2011, 2012, 2013, 2014, and 2015, no nonagricultural or owner-occupied property's valuation may increase more than five percent per year because of such sales. The sales of nonagricultural and owner-occupied property may only be used in a sales ratio study as allowed by this section.
Source: SL 2008, ch 44, ยง 1.
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