The secretary of revenue shall adopt, by rule promulgated pursuant to chapter 1-26, a standard real estate appraisal manual for all urban and rural property which shall be used by all directors of equalization in the state in complying with the provisions of chapter 10-6. The secretary shall also establish, by rule, the information and the procedures to be used in the cost, market and income approaches to valuation.
S.D. Codified Laws § 10-1-16.1
Standard real estate appraisal manual
Applied in 2 court decisions — leading case Hutchinson County v. Fischer (1986)
Most recently applied in In Re the Tax Appeal of Brookings Associates v. South Dakota State Board of Equalization (March 1992)
Source: SL 1974, ch 85; SL 1987, ch 82, § 2; SL 1989, ch 86, § 9; SL 2003, ch 272 (Ex
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.