Section 10-4-29 - Valuation of real property in a floodplain. - South Dakota Statutes

10-4-29. Valuation of real property in a floodplain. The value of any real property located in a floodplain, so designated by the United States government, shall be assessed at whatever value it would be assessed if its uses were not restricted because of the floodplain designation unless, by resolution, the first or second class municipality and county having authority to tax the property acquiesce to a lower valuation. The provisions of this section do not apply to any property in a floodplain on which the assessed valuation has been changed, as a result of the floodplain designation, before July 1, 1984.

Source: SL 1984, ch 64; SL 1992, ch 60, § 2.