Buffalo Gap, Custer County, South Dakota Property Taxes

Name: Property Tax Bills Across Buffalo Gap, Custer County, South Dakota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Buffalo Gap, SD effective property tax rate: 1.50%, significantly higher than the national median of 1.02%.
Median Buffalo Gap, SD home value: $66,136
Median annual Buffalo Gap, SD tax bill: $970, $1,430 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

Property taxes in Buffalo Gap, SD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Buffalo Gap’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buffalo Gap, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Buffalo Gap, Custer County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$992

$921

Ownwell’s Buffalo Gap Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buffalo Gap with just two data points.

By entering your property's estimated assessed value, our calculator applies Buffalo Gap’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Custer County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Buffalo Gap, Custer County, South Dakota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Buffalo Gap in Custer County, South Dakota, has an effective property tax rate of 1.50%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing to other cities in South Dakota, Buffalo Gap's rate stands as the highest within the state. This comparison highlights how tax rates can differ even within the same state, influenced by local budgetary needs and property values. Understanding these differences is crucial for property owners considering an appeal or exemption.

Property Tax Rates Across Buffalo Gap, Custer County, South Dakota

Source: Ownwell

0.68%

1.09%

1.51%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Buffalo Gap Tax Rate

1.50%

Median Effective Custer County Tax Rate

1.26%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buffalo Gap, Custer County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57722	0.86%	1.07%	1.50%	1.63%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Buffalo Gap, Custer County, South Dakota

When examining property taxes in Buffalo Gap, South Dakota, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Custer County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Custer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Buffalo Gap. For example, the median home price in Buffalo Gap is $66,136, with tax bills ranging significantly across the county. 57722 has the highest median home price at $66,136.

Property Tax Assessment Values Across Buffalo Gap, Custer County, South Dakota

Source: Ownwell

$31,852

$243,769

$455,685

Median Buffalo Gap Market Value

$66,136

Median Custer County Market Value

$206,902

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buffalo Gap, Custer County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57722	$9,401	$22,648	$66,136	$137,016	$288,954

Source: Ownwell

Property Tax Bills Across Buffalo Gap, Custer County, South Dakota

In Buffalo Gap, located in Custer County, SD, property tax bills are calculated based on the assessed value of homes, which is determined by local assessors. The median home price is $66,136, with property tax rates applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market conditions influence the assessed value. Homeowners in Buffalo Gap typically see tax bills ranging from $261 at the 25th percentile to $3,509 at the 90th percentile. The median property tax bill in the area is $970, which is significantly lower than the national median of $2,400. This relatively low tax bill can still impact homeowners' finances, especially if property values increase. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, offering peace of mind and potential savings.

Property Tax Bills Across Buffalo Gap, Custer County, South Dakota

Source: Ownwell

$438

$3,220

$6,002

Median Buffalo Gap Tax Bill

$970

Median Custer County Tax Bill

$2,674

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Buffalo Gap, Custer County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57722	$112	$261	$970	$1,682	$3,509

Source: Ownwell