Box Elder, Meade County, South Dakota Property Taxes
Median Box Elder, SD effective property tax rate: 1.24%, significantly higher than the national median of 1.02%.
Median Box Elder, SD home value: $316,465
Median annual Box Elder, SD tax bill: $3,805, $1,405 higher than the national median property tax bill of $2,400.
How are property taxes in Meade calculated?
Property taxes in Box Elder, 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 Box Elder’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Box Elder, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Box Elder, Meade County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$3,924
$3,642
Property Tax Rates Across Box Elder, Meade County, South Dakota
Local government entities set tax rates, which can vary widely within a state. This variance is due to each county's annual process of estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Box Elder, located in Meade County, the effective property tax rate is a reflection of this process. Box Elder’s rate is consistent with the highest and lowest rates in the area, which both stand at 1.24%. This rate is above the national median property tax rate of 1.02%. Such a comparison highlights the diversity in property tax rates across regions, emphasizing the importance of understanding local tax dynamics. Property owners in Box Elder benefit from being aware of how these rates are set and how they compare to other areas in South Dakota and the rest of the United States.
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 Box Elder Tax Rate
1.24%
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 Meade County Tax Rate
1.10%
Median Effective South Dakota Tax Rate
1.45%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Box Elder, Meade County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57719 | 1.00% | 1.04% | 1.24% | 1.26% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Box Elder, Meade County, South Dakota
When examining property taxes in Box Elder, SD, 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 Meade 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 Meade 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 Box Elder. For example, the median home price in Box Elder is $316,465, with tax bills ranging significantly across the county. 57719 has the highest median home price at $316,465.
Property Tax Assessment Values Across Box Elder, Meade County, South Dakota
Source: Ownwell
$73,709
$255,278
$436,847
Median Box Elder Market Value
$316,465
Median Meade County Market Value
$257,121
Median United States Market Value
$235,294
Property Tax Assessment Values Across Box Elder, Meade County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57719 | $185,288 | $273,955 | $316,465 | $351,856 | $393,722 |
Source: Ownwell
Property Tax Bills Across Box Elder, Meade County, South Dakota
Median Box Elder Tax Bill
$3,805
Median Meade County Tax Bill
$2,959
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Box Elder, Meade County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57719 | $1,935 | $2,892 | $3,805 | $4,365 | $4,817 |
Source: Ownwell