Property taxes shall be levied on valuations where the median level of assessment represents eighty-five percent of the market value as determined by the Department of Revenue.
S.D. Codified Laws § 10-13-37
Median level of assessment to be eighty-five percent of market value
Source: SL 1995, ch 57, § 15; 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.