Property Taxes in South Dakota
South Dakota's effective property tax rate is 0.99%, ranking #35 out of 50 states (1 = lowest). The median annual property tax paid is $2,614.
South Dakota's property tax rates are moderate, with the state providing no homestead exemption for the general population. However, the absence of state income tax means the overall tax burden remains low. Property is assessed at 85% of market value in most counties. The state does offer a property tax exemption for qualifying disabled veterans and a sales tax refund program for seniors with limited income that includes a property tax component. Local rates vary between school districts and municipalities.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.99%
Median Annual Tax
$2,614
National Rank
#35 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,980 | $165 |
| $300,000 | $2,970 | $248 |
| $400,000 | $3,960 | $330 |
| $500,000 | $4,950 | $413 |
| $750,000 | $7,425 | $619 |
* Based on the average effective rate of 0.99%. Actual rates vary by county and municipality.
Homestead Exemption in South Dakota
Unlimited value, up to 1 acre in city
File for the homestead exemption after purchasing your primary residence in South Dakota to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How South Dakota Compares
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