S.D. Admin. R. 22:01:01:05
Current through Register Vol. 51, page 54, October 28, 2024
The percent of full and true assessed value of participating counties is current year assessed values as contained in the annual statistical report published by the Department of Revenue pursuant to SDCL 10-1-35.
Assessed values used in the fund reimbursement formula shall be factored to 100 percent full and true through use of current year sales-to-assessment ratios for both agricultural and nonagricultural property.
S.D. Admin. R. 22:01:01:05
General Authority: SDCL 7-16B-15.
Law Implemented: SDCL 7-16B-20.