Edgemont, Custer County, South Dakota Property Taxes
Median Edgemont, SD effective property tax rate: 0.68%, significantly lower than the national median of 1.02%.
Median Edgemont, SD home value: $145,102
Median annual Edgemont, SD tax bill: $999, $1,401 lower than the national median property tax bill of $2,400.
How are property taxes in Custer calculated?
Property taxes in Edgemont, 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 Edgemont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edgemont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Edgemont, Custer County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$1,134
$1,052
Property Tax Rates Across Edgemont, Custer County, South Dakota
Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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. Below, you can compare Edgemont’s effective property tax rate to other cities in South Dakota and the median property tax rates in South Dakota and the U.S.
In Edgemont, located in Fall River County, the property tax rate stands at 1.18%, which is notably higher than South Dakota's median rate of 1.02%. Despite this, it remains below the national median of 1.02%. When considering the property tax bill, Edgemont's average is $1,800, surpassing South Dakota’s median of $1,300 but still below the national median of $2,400. This comparison highlights the variability in property tax rates and bills across different regions, emphasizing the importance of understanding local tax dynamics to ensure fair and accurate property assessments.
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 Edgemont Tax Rate
0.81%
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 Custer County Tax Rate
1.17%
Median Effective South Dakota Tax Rate
1.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edgemont, Custer County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57735 | 0.41% | 0.52% | 0.81% | 1.11% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Edgemont, Custer County, South Dakota
When examining property taxes in Edgemont, 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 Edgemont. For example, the median home price in Edgemont is $145,102, with tax bills ranging significantly across the county. 57735 has the highest median home price at $145,102.
Property Tax Assessment Values Across Edgemont, Custer County, South Dakota
Source: Ownwell
$26,778
$246,236
$465,694
Median Edgemont Market Value
$139,948
Median Custer County Market Value
$202,510
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edgemont, Custer County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57735 | $36,334 | $68,473 | $139,948 | $222,731 | $285,654 |
Source: Ownwell
Property Tax Bills Across Edgemont, Custer County, South Dakota
Median Edgemont Tax Bill
$870
Median Custer County Tax Bill
$2,667
Median South Dakota Tax Bill
$2,904
Median United States Tax Bill
$2,400
Property Tax Bills Across Edgemont, Custer County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57735 | $428 | $661 | $870 | $1,544 | $2,543 |
Source: Ownwell