The secretary of revenue shall, in determining the fair market value of the property, value all the property of any railroad company as a unit, but shall make due allowance for any nonoperating property. Source: SDC 1939, § 57.1305; SL 1997, ch 61 , § 1; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011.
Unit valuation of railroad operating property
SDCL § 10-28-12 — under TAXATION OF RAILROAD OPERATING PROPERTY.
SDCL § 10-28-12