Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange
Abstract
The purpose of this study is to develop a technique which may be used to improve farm buildings assessment procedures in South Dakota, Since farm buildings contribute in varying amounts to farm productivity, they should be assessed in direct proportion to their contribution. Such a procedure should aid tax assessors to determine accurately the true valuation. The specific objectives of the study were (1) to determine the relationship between market price and soil productivity for use in assessment of farm real estate; (2) to establish a ratio of the market value of buildings to land; and (3) to develop a technique for assessment of farm buildings based on relative soil productivity and differences in market price of improved and unimproved farm real estate. The study is designed to facilitate in equalizing tax assessments between farms within a county. As the procedure is adopted in other counties, it will help to equalize assessments between counties
