South Dakota (SD) property tax rate: 1.08% | Median home: $265,000 | Median annual tax: $2,862
South Dakota is a tax-friendly Plains state with no income tax. The average effective property tax rate in South Dakota is 1.08%, which is near the national average of 1.1%.
On the median South Dakota home valued at $265,000, annual property taxes come to approximately $2,862 or $239/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: South Dakota has no income or corporate tax. Property taxes fund most local services.
South Dakota has no state income tax, which means property taxes are one of the primary revenue sources for local governments. While the property tax rate may seem moderate, the lack of income tax often makes the overall tax burden competitive.
See all South Dakota financial calculators:
South Dakota has an average effective property tax rate of 1.08%. On the median home value of $265,000, that equals approximately $2,862 per year or $239 per month.
Property taxes in South Dakota are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
South Dakota has no income or corporate tax. Property taxes fund most local services.
South Dakota property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in South Dakota. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.