Section 10-13-37 - Median level of assessment to be eighty-five percent of market value

10-13-37. Median level of assessment to be eighty-five percent of market value.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. Source: SL 1995, ch 57, §15; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.