<html> <head> <title>Rule 22:01:01:05 Assessed values factored to 100 percent.</title> <META NAME="Keywords" Content="Administrative Rules 22:01:01:05"> <META NAME="Description" Content="Administrative Rules 22:01:01:05 Assessed values factored to 100 percent."> <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>22:01:01:05.&nbsp;&nbsp;Assessed values factored to 100 percent.</b> The percent of full and true assessed value of participating counties is current year assessed values as contained in the annual statistical report published by the Department of Revenue pursuant to SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-1-35">10-1-35.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assessed values used in the fund reimbursement formula shall be factored to 100 percent full and true through use of current year sales-to-assessment ratios for both agricultural and nonagricultural property.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 21 SDR 44, effective September 13, 1994.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=7-16B-15">7-16B-15.</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=7-16B-20">7-16B-20.</A></p><br clear=all> </span> </div> </body> </html>