Property held under a lease for a term of three or more years, or a contract for the purchase thereof, belonging to the state or to any religious, scientific, or benevolent society or institution, whether incorporated or unincorporated, or to any railroad company or corporation whose property is not taxed in the same manner as other property, shall be considered for all purposes of taxation as the property of the person so holding the same.
S.D. Codified Laws § 10-4-23
Tax-exempt and railroad property taxed to long-term lessee or contract purchaser
Applied in 4 court decisions — leading case Associated School Boards of South Dakota, Inc. v. Hughes County (2002)
Most recently applied in Associated School Boards of South Dakota, Inc. v. Hughes County (April 2002)
Source: SL 1897, ch 28, § 24; RPolC 1903, § 2084; RC 1919, § 6699; SDC 1939, § 57.0314.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.