Section 46A-14-60 - Annual general tax levy against land and buildings of taxpayer--Maximumamount. - South Dakota Statutes

46A-14-60. Annual general tax levy against land and buildings of taxpayer--Maximum amount. When adopting a financing plan or levying taxes to cover the estimated costs of district business, as provided in §§ 46A-14-51 and 46A-14-54 to 46A-14-59, inclusive, no annual general tax levy against landowner's taxable land and buildings within the district shall exceed the amount that can be collected by a one-mill levy. This limitation shall not apply to special assessments nor to assessments required to meet payments, including interest, on district bonds.

Source: SL 1957, ch 492, § 30; SL 1959, ch 452, § 24; SDC Supp 1960, § 61.1530 (1); SDCL, § 46-24-59.