Personal property for the purpose of ad valorem taxation is all property not included within the definition of real property. Tools, implements, machinery, or equipment used in the business, production, trade, processing, or manufacturing activities are personal property.
S.D. Codified Laws § 10-4-2.2
Personal property defined for ad valorem taxation
Source: SL 1992, ch 74, § 2; SL 1997, ch 51, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.