What are the tax rates in South Dakota?

In South Dakota, there is no state income tax or personal property tax. The state relies on revenue from sales tax and property taxes. The sales tax rate in South Dakota is 4.5%, and local jurisdictions also impose additional sales taxes ranging from 0% to 3%, making the total sales tax rate up to 7.5% in some areas. Property tax rates vary across the state and are determined by local governments. However, the state has implemented property tax relief programs, such as the owner-occupied property tax reduction, which can help reduce the burden for eligible homeowners. Overall, South Dakota offers competitive tax rates, particularly through its low or non-existent income and personal property taxes, making it an attractive option for businesses and residents alike.