SDCL § 46A-18-46: Limitation of general tax levies and special assessments.

No annual general tax levy, whether for annual district operation and maintenance expense or for payment of long term obligations, may exceed one dollar per thousand dollars of taxable valuation. No limitation applies to special assessments, except that special assessments may not be used to pay an obligation beyond the current business year of the district unless approved by an election of the affected landowners as provided in §§ 46A-18-45 and 46A-18-47.

Source: SL 1984, ch 293, § 45; SL 2007, ch 257, § 4.