South Dakota

South Dakota has an effective property tax rate of 1.08%, with a median annual property tax of $2,470. Properties are assessed at 85.0% of market value and reassessed annual (full market value assessment each year). Payments are due semi-annual.

Effective Rate

1.08%

Assessment Ratio

85.0%

Median Annual Tax

$2,470

Payment Frequency

Semi-Annual

Appeal Deadline

By third Monday in March to local Board of Equalization (in person); then to County and State Board

Due Dates

First half due April 30; second half due October 31

Reassessment Cycle

Annual (full market value assessment each year)

Homestead Exception

No general homestead exemption. Unlimited equity protection in bankruptcy. Property tax freeze for seniors (disabled/70+ with income under $35,000). Paraplegic veterans fully exempt.

Key Notes

No state income tax; property tax is key revenue source. Assessment ratio target is 85% of market value but actual ratios vary. Productivity value used for agricultural land. Sales ratio studies ensure assessment uniformity.

Late Penalty

Delinquent taxes accrue interest at 1% per month; additional costs for publication and tax deed proceedings

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