South Dakota Codified Laws 10-13-35.5. Revenue payable from real property taxes may be increased
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The county or municipality may increase the total amount of revenue payable from taxes on real property in any year up to the maximum amount calculated in accordance with § 10-13-35.4 utilizing any unused index factor from the prior three years. However, such an amount may not exceed the prior three year index factor total or ten percent, whichever is less.
Terms Used In South Dakota Codified Laws 10-13-35.5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 2002, ch 56, § 3; SL 2010, ch 51, § 3.