S.D. Admin. R. 64:05:01:05

Current through Register Vol. 51, page 64, December 9, 2024

Section 64:05:01:05 - Real estate sales cards and mobile home sales cards to show assessed value

Real estate sales cards must show the assessed value of that property based on the assessment of the property for the assessment year in which the sale took place. Mobile home sales cards must show the assessed value of the mobile home based on the current year assessment prior to adjustments for late listing penalties or proration.

For sales with instrument date of more than five years, and with verified selling price of more than one dollar and stated consideration of more than one dollar, the current year assessed value may be used, with the one dollar sale or current assessed value noted on the sales card information.

4 SDR 5, effective 8/7/1977; 7 SDR 30, effective 10/5/1980; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 19 SDR 42, effective 9/29/1992; 20 SDR 134, effective 2/22/1994; 29 SDR 177, effective 7/1/2003.

General Authority: SDCL 10-1-17.

Law Implemented: SDCL 10-11-55.