The following real property in the business improvement district boundaries shall be exempt from assessment under this subchapter:
(a) Real property exempt from taxation under SDCL ch. 10-4;
(b) Industrial property;
(c) Property with a zoning classification of RA-1, RA-2, and RA-3; and
(d) Property whose sole use is residential with two or fewer dwellings.
(1992 Code, § 39-147) (Ord. 114-89, passed 10-23-1989; Ord. 07-06, passed 1-3-2006; Ord. 60-07, passed 5-7-2007; Ord. 80-11, passed 10-11-2011; Ord. 13-13, passed 4-2-2013)