64:04:04:01Cost

approach to valuation of property. The standard appraisal guides for use by all directors of equalization in the state for cost approach calculations for valuation of residential and non-residential property are: (1) the Marshall and Swift Residential Cost Handbook and the Marshall Valuation Service; and (2) the Vanguard Real Property Appraisal Manual.

Source: 16 SDR 76, effective November 1, 1989; 17 SDR 4, effective July 18, 1990; 17 SDR 199, effective July 1, 1991; 19 SDR 42, effective September 29, 1992; 20 SDR 134, effective February 22, 1994; 23 SDR 117, effective January 27, 1997; 24 SDR 31, effective September 17, 1997; 24 SDR 180, effective July 1, 1998; 26 SDR 18, effective August 19, 1999; 27 SDR 9, effective August 7, 2000; 27 SDR 147, effective July 8, 2001; 28 SDR 178, effective July 1, 2002; 29 SDR 177, effective July 2, 2003; 30 SDR 211, effective July 1, 2004; 32 SDR 58, effective October 25, 2005; 33 SDR 67, effective October 24, 2006; 34 SDR 93, effective October 17, 2007; 35 SDR 88, effective October 27, 2008; 37 SDR 69, effective October 19, 2010; 38 SDR 122, effective January 17, 2012; 39 SDR 123, effective January 17, 2013; 40 SDR 129, effective January 16, 2014; 41 SDR 108, effective January 5, 2015; 42 SDR 98, effective January 5, 2016; transferred from § 64:03:01:02.01, 47 SDR 71, effective December 10, 2020.