SDCL § 46A-7-12: Assessments--Rate of levy, computation.

In all assessments for the purpose of chapters 46A-4 to 46A-7, inclusive, the rate of levy in any one year shall be computed by adding to the amount or amounts desired to be raised ten percent, to cover anticipated delinquencies, and then dividing the sum thereof by the aggregate of the benefits apportioned for such year as in this chapter provided.

Source: SDC 1939, § 61.0909; SDCL, § 46-15-12.