Edgemont, Fall River County, South Dakota Property Taxes
Median Edgemont, SD effective property tax rate: 2.75%, significantly higher than the national median of 1.02%.
Median Edgemont, SD home value: $36,290
Median annual Edgemont, SD tax bill: $995, $1,405 lower than the national median property tax bill of $2,400.
How are property taxes in Fall River 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, Fall River County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.75%
Estimate Property Tax Bill
$998
$926
Property Tax Rates Across Edgemont, Fall River County, South Dakota
Local government entities determine tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates its needed budget for services and then divides that by the total value of all taxable property within its area. This calculation establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the fundamental annual process.
In Edgemont, located in Fall River County, South Dakota, the effective property tax rate is notably higher than both the state and national medians. South Dakota's median property tax rate is 1.32%, which is above the national median of 1.02%. Edgemont's rate stands out even more in comparison to other cities within South Dakota. This higher rate can impact property owners significantly, leading to larger property tax bills compared to the national median bill of $2,400. Understanding these local tax dynamics is crucial for property owners in Edgemont, as it affects financial planning and property investment decisions.
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
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 Edgemont, Fall River County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57735 | 1.11% | 1.43% | 2.75% | 3.50% | 5.23% |
Source: Ownwell
Property Tax Assessment Values Across Edgemont, Fall River 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 Fall River 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 Fall River County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $36,290, with tax bills ranging significantly across the county. Zip code 57735 has the highest median home price at $36,290.
Property Tax Assessment Values Across Edgemont, Fall River County, South Dakota
Source: Ownwell
$17,400
$70,548
$123,695
Median Edgemont Market Value
$36,290
Median Fall River County Market Value
$74,790
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edgemont, Fall River County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57735 | $3,208 | $12,295 | $36,290 | $72,685 | $155,558 |
Source: Ownwell
Property Tax Bills Across Edgemont, Fall River County, South Dakota
Median Edgemont Tax Bill
$995
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 Edgemont, Fall River County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57735 | $132 | $381 | $995 | $1,684 | $2,560 |
Source: Ownwell