An appraiser shall include in an evaluation the following:

1. (1) The location of the property;
2. (2) A description of the property, including its current and projected use;
3. (3) An estimate of the property’s market value in its physical condition, use and zoning designation on the date of the evaluation with any limiting conditions;
4. (4) A description of the method used to determine the property's physical condition and the extent to which an inspection was performed;
5. (5) A description of the analysis that was performed and the supporting information that was used;
6. (6) A description of the supplemental information that was considered when using an analytical method or technological tool;

7. (7) An indication of all sources of information used in the analysis, as applicable, to value the property, including:

   1. (a) External data sources;
   2. (b) Property-specific data;
   3. (c) Evidence of a property inspection;
   4. (d) Photos of the property;
   5. (e) Description of the neighborhood; and
   6. (f) Local market conditions;

8. (8) Name, contact information, and signature.

   Examples: External data sources may include market sales databases and public tax and land records. Property-specific data may include previous sales data for the property, tax assessment data, and comparable sales information.

Source: 47 SDR 71 , effective December 14, 2020 .

General Authority: SDCL 36-21B-3(20).

Law Implemented: SDCL 36-21B-3(20) .