Fall River County, South Dakota Property Taxes

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

Median Fall River County effective property tax rate: 1.76%, significantly higher than the national median of 1.02%.
Median Fall River County home value: $74,790
Median annual Fall River County tax bill: $1,468, $932 lower than the national median property tax bill of $2,400.

How are property taxes in Fall River County calculated?

Property taxes in Fall River County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Hot Springs or another part of Fall River County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fall River County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$1,316

$1,221

Ownwell’s Fall River County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fall River County with just two data points. By entering your property's estimated assessed value, our calculator applies Fall River County’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 more 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 Fall River County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fall River County, South Dakota

Local government entities are responsible for setting tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Fall River County in South Dakota has a median property tax rate of 1.76%, which is higher than the national median rate of 1.02%. Within Fall River County, the city of Edgemont has the highest median property tax rate at 2.75%, while Buffalo Gap boasts the lowest at 1.14%. These variations highlight the diverse landscape of property tax rates within the county. Comparing Fall River County's effective property tax rate to national figures provides valuable insight into how local rates stack up against broader trends. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Fall River County, South Dakota

Source: Ownwell

1.14%

1.94%

2.75%

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 Fall River County Tax Rate

1.76%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fall River County, South Dakota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Ardmore	0.97%	1.04%	1.36%	1.71%	1.85%
Buffalo Gap	0.83%	1.00%	1.14%	1.24%	1.44%
Edgemont	1.11%	1.43%	2.75%	3.50%	5.23%
Hot Springs	1.21%	1.43%	1.77%	2.04%	2.48%
Oelrichs	0.83%	0.99%	1.33%	1.74%	2.17%
Oral	0.61%	0.94%	1.18%	1.32%	1.55%
Provo	0.78%	1.08%	1.30%	1.88%	3.84%
Smithwick	1.02%	1.02%	1.27%	1.42%	1.79%
Burdock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fall River County, South Dakota

When examining property taxes in Fall River County, 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 Fall River County Director of Equalization 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. Assessment notices: In Fall River 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 Fall River County. For example, the median tax bill in Fall River County is $1,861, with tax bills ranging significantly across the county. Buffalo Gap has the highest median home price at $123,695.

Property Tax Assessment Values Across Fall River County, South Dakota

Source: Ownwell

$17,400

$70,548

$123,695

Median Fall River County Market Value

$74,790

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fall River County, South Dakota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Ardmore	$1,214	$4,722	$51,610	$185,325	$367,557
Buffalo Gap	$9,794	$51,405	$123,695	$193,192	$304,583
Edgemont	$3,208	$12,295	$36,290	$72,685	$155,558
Hot Springs	$8,100	$31,330	$99,240	$169,410	$247,400
Oelrichs	$3,962	$21,680	$70,845	$172,710	$275,987
Oral	$7,090	$36,385	$115,700	$215,875	$283,400
Provo	$1,418	$4,010	$17,400	$121,510	$162,198
Smithwick	$7,998	$10,545	$47,500	$125,732	$182,110
Burdock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fall River County, South Dakota

In Fall River County, SD, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in the county is $74,790, which provides a basis for understanding how tax bills are calculated. For homeowners in Fall River County, the median property tax bill is significantly lower than the national median, with the 25th percentile tax bill at $507 and the 75th percentile at $2,692. This range indicates variability in tax bills depending on property value and location within the county. The highest median tax bill in the county is found in Hot Springs, at $1,861, while Provo has the lowest at $188. These tax bills affect homeowners by contributing to the overall cost of homeownership, influencing decisions on purchasing and maintaining property. Understanding these factors helps homeowners plan their finances effectively.

Property Tax Bills Across Fall River County, South Dakota

Source: Ownwell

$188

$1,025

$1,861

Median Fall River County Tax Bill

$1,468

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Fall River County, South Dakota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Ardmore	$19	$87	$533	$1,907	$4,040
Buffalo Gap	$238	$630	$1,357	$2,167	$3,522
Edgemont	$132	$381	$995	$1,684	$2,560
Hot Springs	$208	$685	$1,861	$2,975	$4,028
Oelrichs	$91	$362	$937	$1,830	$3,047
Oral	$105	$384	$1,173	$2,069	$2,873
Provo	$65	$103	$188	$741	$1,369
Smithwick	$86	$167	$511	$1,471	$2,431
Burdock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell