{"data":{"id":"us-sd/sdcl-10-6-104","jurisdiction":"us-sd","citation":"SDCL § 10-6-104","heading":"Fair market value and full and true value defined.","body":"As used in this chapter and §§ 10-28-12, 10-28-13, 10-29-9, 10-29-9.1, 10-33-14.1, 10-35-10.1, 10-37-8, 10-37-9.1, 10-38-1, and 10-38-14, the term, fair market value, and the term, full and true value, mean the price in money that property will bring in a competitive and open market under all conditions requisite to a fair sale between a willing buyer and a willing seller, each acting prudently and with full knowledge of the relevant facts, and assuming the price is not affected by any undue stimulus.","path":["TITLE 10. TAXATION","CHAPTER 10-6. ANNUAL ASSESSMENT OF PROPERTY"],"source_url":"https://sdlegislature.gov/Statutes/10-6-104","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"c932054d93367adb76875f05248d9cf339e2c90ff98ee692772e41d16b507ff9","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-10-6-103","next":"us-sd/sdcl-10-6-105"},"notice":"GroundRules: Original legal text. Not legal advice."}