Rate Breakdown

Property taxes in Edmunds County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Edmunds County

Property tax in Edmunds County, South Dakota, is calculated based on the assessed value of a property and the applicable millage rates. The assessment process begins with the Edmunds County Director of Equalization, who determines the market value of a property. This value is then multiplied by the assessment ratio, which is 85% for residential and 85% for commercial properties in South Dakota, to arrive at the assessed value. The assessed value is then multiplied by the millage rate, which varies depending on the location and type of property, to determine the property tax liability.

The millage rates in Edmunds County are set by the county commissioners and other taxing authorities, such as school districts and municipalities. These rates are typically expressed in terms of mills, where one mill equals $1 of tax per $1,000 of assessed value. For example, if the millage rate is 10 mills and the assessed value of a property is $100,000, the property tax would be $1,000 (10 mills x $100,000 / 1,000).

Available Exemptions

In South Dakota, there are several exemptions available to reduce property tax liability. These exemptions include:

• Homestead exemption: a $29,400 exemption for owner-occupied primary residences
• Senior citizen exemption: a $29,400 exemption for homeowners 65 years or older
• Disability exemption: a $29,400 exemption for homeowners with a disability
• Veteran exemption: a $29,400 exemption for disabled veterans or the surviving spouse of a veteran who died as a result of a service-connected disability

To qualify for these exemptions, property owners must meet the eligibility requirements and file an application with the Edmunds County Director of Equalization by the deadline.

Payment Schedule & Deadlines

Property taxes in Edmunds County are due and payable on January 1st of each year, with two installment options available. The first installment is due on April 30th, and the second installment is due on October 31st. If the total tax liability is $50 or less, the tax is due in full by April 30th. Late payments are subject to interest and penalties, so it is essential to make timely payments to avoid additional charges.

Appealing Your Assessment

If you disagree with your property assessment, you can appeal to the Edmunds County Director of Equalization. The appeals process typically begins with an informal review, where you can discuss your concerns with the Director of Equalization. If the issue is not resolved, you can file a formal appeal with the Edmunds County Board of Equalization. The Board will review your appeal and make a determination. If you are still not satisfied, you can appeal to the South Dakota Department of Revenue or the courts. It is essential to follow the appeals process carefully and meet the deadlines to ensure your appeal is considered.