64:05:01:03. Sales proven unusable to be mailed to department. Any abstracted sale proven to be unusable in the sales ratio study through the verification process for the reasons listed in SDCL 10-11-56 shall be mailed to the department, marked as a reject. Documentation of a rejected sale must be on file in the office of the director of equalization.
Source: 4 SDR 5, effective August 7, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 17 SDR 4, effective July 18, 1990.
64:05:01:03.01. Exclusion from sales ratio study -- Change in use. To exclude a sale from the sales ratio study because of a change in the use of the property between the legal assessment date and the date of the sale, the change must increase or decrease the assessed value of the property by at least ten percent.
Source: 17 SDR 4, effective July 18, 1990.
General Authority:SDCL 10-11-54.
64:05:01:03.02. Exclusion from sales ratio study -- Major physical change. To exclude a sale from the sales ratio study because of a major physical change in the property between the legal assessment date and the date of the sale, the change must increase or decrease the assessed value of the property by at least ten percent.
Source: 17 SDR 4, effective July 18, 1990.
General Authority:SDCL 10-11-54.
64:05:01:03.03. Exclusion from sales ratio study -- Agricultural land transfers.Repealed.
Source: 17 SDR 4, effective July 18, 1990; repealed, 17 SDR 199, effective July 1, 1991.
