South Dakota Codified Laws 10-4-2.2. Personal property defined for ad valorem taxation
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Personal property for the purpose of ad valorem taxation is all property not included within the definition of real property. Tools, implements, machinery, or equipment used in the business, production, trade, processing, or manufacturing activities are personal property.
Terms Used In South Dakota Codified Laws 10-4-2.2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1992, ch 74, § 2; SL 1997, ch 51, § 2.