10-6-77Limitation on increase and decrease of taxable value of cropland and noncropland.

For the taxes payable in 2014, 2015, 2016, 2017, 2018, and 2019, the total taxable value of cropland within any county may not increase or decrease more than:

(1)    Fifteen percent in any year, if the county is less than thirty percent from its full agricultural income value;

(2)    Twenty percent in any year, if the county is thirty percent or more but less than fifty percent from its full agricultural income value; and

(3)    Twenty-five percent in any year, if the county is fifty percent or more from its full agricultural income value.

For the taxes payable in 2014, 2015, 2016, 2017, 2018, and 2019, the total taxable value of noncropland within any county may not increase or decrease more than:

(1)    Fifteen percent in any year, if the county is less than thirty percent from its full agricultural income value;

(2)    Twenty percent in any year, if the county is thirty percent or more but less than fifty percent from its full agricultural income value; and

(3)    Twenty-five percent in any year, if the county is fifty percent or more from its full agricultural income value.

Source: SL 2008, ch 44, § 2; SL 2009, ch 40, § 3; SL 2012, ch 62, § 1; SL 2015, ch 65, § 1.