Statutes, codes, and regulations
South Dakota Codified Laws
Title 10 - TAXATION
Chapter 28 - TAXATION OF RAILROAD OPERATING PROPERTY
Section 10-28-16 - Notice to county auditors of railroad mileage and assessments-Distribution

S.D. Codified Laws § 10-28-16

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Current through the 2024 Legislative Session
Section 10-28-16 - Notice to county auditors of railroad mileage and assessments-Distribution

The Department of Revenue shall, on or before the fourth Monday in August, each year, transmit to the county auditor of each county through which any railroad runs, a statement showing the length of main track, of main line or lines, and the branches thereof and sidetracks within such county, and the assessed value based on a statewide formula that weights traffic (ton miles) fifty percent and miles of track in the county by fifty percent. The county auditor shall then distribute the value to each taxing district where the line runs on a per mile basis within the county.

SDCL 10-28-16

SDC 1939, § 57.1307; SL 1992, ch 60, § 2; SL 1996, ch 78, § 1; SL 1999, ch 222, §8; SL 2003, ch 57, §2; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011.