South Dakota Statutes

§ 10-6-133 — Fair market value of agricultural land.

South Dakota·Title 10 TAXATION·Ch. 10-5 ANNUAL ASSESSMENT OF PROPERTY
The agricultural income value for agricultural land as determined by §§ 10-6-127 to 10-6-132 , inclusive, represents the fair market value of agricultural land for purposes of assessment, equalization, and taxation, and the department shall provide the director the factor of adjustment necessary for the computation required pursuant to §§ 10-3-41 , 10-12-31.1 , 10-12-42 , and 10-13-37 .

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Legislative History

SL 2008, ch 44, § 11; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011; SDCL § 10-6-33.34; SL 2021, ch 44, §§ 24, 44.

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