10-6-138. Municipal adoption of reduction for new property.If the board of county commissioners has not adopted a formula pursuant to §10-6-137 or 10-6-137.1, the governing board of a municipality in which the structures or property are located, or within three miles of the corporate limits of the municipality, may adopt a formula for assessed value pursuant to §10-6-137 or 10-6-137.1.In the case of residential structures described in §10-6-137(5), (6), and (7), the governing board of a municipality may adopt a formula that differs from any formula adopted by the board of county commissioners, provided the formula complies with §10-6-137.1. Source: SL 1974, ch 91, §2; SL 1977, ch 82, §2; SL 1993, ch 82, §3; SL 1993, ch 85, §4; SL 1994, ch 79, §4; SL 2020, ch 39, §4; SDCL §10-6-138; SL 2021, ch 44, §44; SL 2022, ch 29, §3.
South Dakota Legal Code