South Dakota Codified Laws — Title 10 (Taxation)
SDCL § 10-28-13
Cost approach, market approach and income approach considered in determination of value of railroad company property
For the purpose of determining the fair market value of the property of any railroad company, the secretary of revenue shall take into consideration the cost approach, the market approach, and the income approach to appraisal. In the market approach, the secretary shall consider the actual or market value of the shares of stock outstanding, the actual or market value of all bonds outstanding and all other indebtedness as may be applicable, for operating the road. In the income approach, the secretary may consider the company's growth rate and the rate of inflation in determining the capitalization rate. The secretary of revenue may take into consideration any other information or data of any kind or nature which the secretary deems material in arriving at the fair market value of the property.
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In this chapter (25 sections)
- 10-28-1 · Secretary to assess operating property
- 10-28-2 · Assets included in operating property
- 10-28-3 · Annual statement required of railroad company--Date of…
- 10-28-4 · Annual statement of railroad property occupied by…
- 10-28-5 · Addition to assessment value on failure of railroad to make…
- 10-28-6 · Annual list of warehousemen and other occupants of railroad…
- 10-28-7 · Time of annual assessment of operating property--Separation…
- 10-28-8 · Capital stock and other property included--Nonoperating…
- 10-28-9 · Allocation of valuation for railroad operating partly without…
- 10-28-10 · Local assessment of nonoperating property permitted
- 10-28-11 · Nonoperating property defined--Rules
- 10-28-12 · Unit valuation of railroad operating property
- 10-28-13 · Cost approach, market approach and income approach…
- 10-28-14 · Department of Transportation to assist in valuation
- 10-28-15 · Notice to railroad of assessment--Hearing--Notice of…
- 10-28-16 · Notice to county auditors of railroad mileage and…
- 10-28-17 · 10-28-17. Repealed by SL 1996, ch 78, § 2
- 10-28-18 · Determination by county commissioners of railroad valuations…
- 10-28-19 · Railroad map filed with county auditor--Exemption of…
- 10-28-20 · Notice to county auditor of deeds to railroads--Entry on…
- 10-28-21 · Application of tax levies against railroad…
- 10-28-22 · Duplicate railroad tax book delivered to county…
- 10-28-23 · Collection of delinquent railroad taxes
- 10-28-24 · Exemption of railroad companies operating over state-owned…
- 10-28-25 · Promulgation of rules concerning leased property