Local governments can levy sales tax of no more than 6.2%.
Current average sales tax: 6.0%
Common Exceptions at State Level:
Prescription Medicine: Exempt
Vehicle Tax: 4%
Gasoline Tax: 48.40 cents/gallon (Includes all state, local. and federal taxes)
Diesel Fuel Tax: 54.40 cents/gallon (Includes all state, local, and federal taxes)
Seniors and disabled individuals may be eligible for a sales tax refund.
Personal Income Tax
South Dakota has no personal income tax.
Property Tax
Local municipalities average 1.06% of the property's assessed value.
Calculation of assessed value: 85% of fair market value.
Relief programs for:
Owner-Occupied: Pay lower school district general fund levy.
65 and Over or Disabled: Up to 100% exempt if meet certain income requirements, and eligible for property or sales tax refund if meet certain income requirements. Veterans rated at least 60% may qualify for assessment freeze available if 65 and over and meet requirements.
Over 70: Deferral program available.
100% Disabled Veterans/Surviving Spouses: Exempts up to $200,000 of assessed value for qualifying property ($150,000 for surviving spouse).
Paraplegic Veterans/Surviving Spouses: Exempts qualifying property from all property taxes.
Paraplegic: Reduces property taxes on a graduated scaled based on income.
Personal Property Tax: Yes. Rates and exemptions vary.
Premium and Life members can consult our financial staff for education and consumer advice.
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