Section 9-48-49 - Listing and valuation of property within sewer district not on director's books--Equalization of valuations.
9-48-49. Listing and valuation of property within sewer district not on director's books--Equalization of valuations. Any real estate within the sewer district owned by any railroad company and used for depots, warehouses, elevators, stockyards, roundhouses, or dwelling houses, and any real estate not owned by a railroad company which shall not be listed on the director of equalization's books for taxes for general municipal purposes by order of the governing body may be listed and valued by the director of equalization for the purposes of this assessment; and the same, excepting property of the United States, shall be included in said estimate for special assessment. The director of equalization shall make a list of such real estate owned by any railroad company and used for purposes aforesaid, and such nonlisted property, with the valuation of each parcel thereof, and file same in the office of the auditor or clerk. Thereupon the governing body shall fix a time and place for the equalization of the valuation of such nonlisted property, and the auditor or clerk shall cause a notice thereof to be published once at least thirty days before such hearing. If any property owned by any railroad company is included in said list filed as aforesaid, the auditor or clerk shall send a copy of said notice to the secretary of revenue by registered or certified mail, together with a statement in duplicate showing the name of the railroad company and the description of property so listed, within three days after publication of said notice, and the said secretary shall forthwith give the said railroad company notice of said hearing. At such hearing the governing body shall proceed to equalize such valuation, and the valuation as so equalized shall be used in making such special assessment.
Source: SDC 1939, § 45.1807; SL 1949, ch 187, § 4.