Canistota, Mccook County, South Dakota Property Taxes
Median Canistota, SD effective property tax rate: 1.17%, significantly higher than the national median of 1.02%. Median Canistota, SD home value: $119,158. Median annual Canistota, SD tax bill: $1,587, $813 lower than the national median property tax bill of $2,400.
How are property taxes in McCook calculated?
Property taxes in Canistota, 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 Canistota’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canistota, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canistota, Mccook County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$1,394
$1,294
Property Tax Rates Across Canistota, Mccook County, South Dakota
Local government entities set tax rates, which can vary widely within a state. 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.
Below, you can compare Canistota’s effective property tax rate to other cities in South Dakota and the median property tax rates in South Dakota and the U.S. South Dakota’s median property tax rate is 1.17%, which is above the national median of 1.02%. In Canistota, located in McCook County, the median property tax rate is also 1.17%. This rate is consistent with the highest and lowest median tax rates in the state, both recorded in Canistota’s zip code, 57012. Compared to the national median property tax bill of $2400, South Dakota’s property tax rate may result in higher annual tax bills for homeowners, depending on the assessed value of their properties.
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 Canistota Tax Rate
1.17%
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 Mccook County Tax Rate
1.20%
Median Effective South Dakota Tax Rate
1.45%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canistota, Mccook County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57012 | 0.90% | 0.99% | 1.17% | 1.91% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Canistota, Mccook County, South Dakota
When examining property taxes in Canistota, 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 McCook 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 McCook 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 Canistota.
For example, the median home price in Canistota is $119,158, with tax bills ranging significantly across the county. Zip code 57012 has the highest median home price at $119,158.
Property Tax Assessment Values Across Canistota, Mccook County, South Dakota
Source: Ownwell
$63,200
$238,481
$413,762
Median Canistota Market Value
$119,158
Median Mccook County Market Value
$154,560
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canistota, Mccook County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57012 | $16,818 | $53,876 | $119,158 | $308,952 | $516,336 |
Source: Ownwell
Property Tax Bills Across Canistota, Mccook County, South Dakota
In Canistota, McCook County, SD, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. Factors such as property size, location, and market conditions influence this valuation. The median home price in Canistota is $119,158. The property tax rate applied to this assessed value determines the tax bill. In Canistota, the median property tax bill is notably lower than the national median of $2,400, reflecting the area's relatively modest property values. Homeowners in Canistota face tax bills ranging from $789 at the 25th percentile to $5,459 at the 90th percentile, indicating some variability based on property specifics.
For homeowners seeking to reduce their tax burden, Ownwell offers expert property tax appeal services. By analyzing your property assessment and identifying discrepancies or opportunities for exemptions, Ownwell can help you potentially lower your tax bill. This personalized approach ensures homeowners pay only their fair share, enhancing savings and financial peace of mind.
Median Canistota Tax Bill
$1,587
Median Mccook County Tax Bill
$2,074
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Canistota, Mccook County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57012 | $278 | $789 | $1,587 | $4,040 | $5,459 |
Source: Ownwell