South Dakota Statutes
§ 41-2-47 — Appraisals of real property by department--Market value defined.
South Dakota·Title 41 GAME, FISH, PARKS AND FORESTRY·Ch. 41-2 STATE DEPARTMENT OF GAME, FISH AND PARKS
Any appraisal of real property done by or on behalf of the Department of Game, Fish and Parks shall be done by a state certified appraiser to determine the market value of the property. Market value is the amount in cash, or on terms reasonably equivalent to cash, for which in all probability the property would have sold on the effective date of the appraisal, after a reasonable exposure time on the open competitive market, from a willing and reasonably knowledgeable seller to a willing and reasonably knowledgeable buyer, with neither acting under any compulsion to buy or sell, giving due consideration to all available economic uses of the property at the time of the appraisal.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 41-2-47 (Appraisals of real property by department--Market value defined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2009, ch 207, § 1.
Nearby Sections
15
§ 41-1-1
Definitions.§ 41-1-1.1
Persons deemed state residents.§ 41-1-1.2
Termination of resident status.§ 41-1-1.3
Definition of trophy animals.§ 41-1-1.4
Definition of nontrophy animals.§ 41-1-13
Report of euthanasia to department.