<html> <head> <title>Rule 04:01:08:04 Appraisals.</title> <META NAME="Keywords" Content="Administrative Rules 04:01:08:04"> <META NAME="Description" Content="Administrative Rules 04:01:08:04 Appraisals."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>4:01:08:04.&nbsp;&nbsp;Appraisals.</b> For each land exchange, or assembled land exchange, including a conditional land exchange, an appraisal or appraisal report shall be required as follows:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;Tracts with an assessed value of $100,000 or less may be appraised by a realtor registered in this state, under SDCL chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21B">36-21B</A>;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;Tracts with an assessed value of $100,000 up to $250,000 shall be appraised by a licensed appraiser or a certified general appraiser;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;Tracts with an assessed value of $250,000 or greater shall be appraised by a certified general appraiser.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 26 SDR 99, effective February 3, 2000.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-3-7">5-3-7.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-3-7">5-3-7.</A></p> </div> </body> </html>