South Dakota

Sales Tax

  • Statewide: 4.5%
  • Municipalities can levy sales tax of no more than 6.5%.
  • Current average sales tax: 5.625% 
  • 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)
  • Cigarette Tax: $1.53/pack of 20
  • 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 1.31% of the property's assessed value.
  • Calculation of assessed value: Fair market value.
  • Relief programs for:
    • 65 and over or Disabled (Veterans rated at least 60%): Refund of sales OR property tax if income is less than $12,880. Assessment freeze available if 65 and over.
    • Over 70: Deferral program available
    • 100% Disabled Veterans/Surviving Spouse (not remarried): Exempts up to $150,000 of assessed value for qualifying property.
    • Paraplegic Veterans/Surviving Spouse (not remarried): 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.

 

Inheritance & Estate Taxes: None

 

Department of Revenue website: https://dor.sd.gov

More Financial Guidance From MOAA 

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