ARSD 67:12:05:06. Tangible personal property considered a resource

Tangible personal property of an applicant or recipient is considered a resource subject to § 67:12:05:05 and valued according to its equity value, except: (1) Household goods essential for day-to-day living; (2) Items that have an equity value of less than five hundred dollars. Final determination of an item's value must be made by an individual, other than the applicant, who is familiar with and can place a value on the property; (3) A personal wedding and engagement ring, made with precious stones or metals; and (4) The equity in one vehicle of no more than one thousand five hundred dollars, if the vehicle is the assistance unit's primary mode of transportation.