Sales Tax
Statewide: 4.2%
Municipalities can levy sales tax of no more than 6.2%.
Current average sales tax: 6.00%
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 1.4% of the property's assessed value.
Calculation of assessed value: 85% of fair market value.
Relief programs for:
65 and Over or Disabled (Veterans rated at least 60%): Assessment freeze available if 65 and over and meet requirements.
66 and Over: Eligible for property tax refund if meet certain income requirements.
Over 70: Deferral program available.
100% Disabled Veterans/Surviving Spouses: Exempts up to $150,000 of assessed value for qualifying property.
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.
Inheritance & Estate Taxes: None
Department of Revenue website: https://dor.sd.gov
