Mount Vernon, Sanborn County, South Dakota Property Taxes

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

Median Mount Vernon, SD effective property tax rate: 1.01%, slightly lower than the national median of 1.02%.
Median Mount Vernon, SD home value: $269,970
Median annual Mount Vernon, SD tax bill: $2,992, $592 higher than the national median property tax bill of $2,400.

How are property taxes in Sanborn calculated?

Property taxes in Mount Vernon, 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 Mount Vernon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Vernon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mount Vernon, Sanborn County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$2,727

$2,530

Ownwell’s Mount Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Vernon’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 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 46111. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mount Vernon, Sanborn County, South Dakota

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each year, counties assess their budgetary needs to maintain services and divide this by the total value of all taxable properties within their jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and legal regulations, it essentially follows this annual procedure.

In Mount Vernon, located in Davison County, South Dakota, the effective property tax rate offers a unique perspective when compared to other cities in the state and the national landscape. While the national median property tax rate stands at 1.02%, South Dakota's median rate is slightly lower at 1.01%. This positions Mount Vernon favorably against the national average, potentially offering property owners a more economical tax environment.

Understanding these differences can be crucial for property owners evaluating their tax liabilities and considering potential savings through appeals or exemptions. Comparing Mount Vernon's rate to the state and national figures provides valuable insights for current and prospective property owners.

Property Tax Rates Across Mount Vernon, Sanborn County, South Dakota

Source: Ownwell

1.13%

1.63%

2.14%

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 Mount Vernon Tax Rate

1.01%

Median Effective Sanborn County Tax Rate

1.57%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Vernon, Sanborn County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57363	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mount Vernon, Sanborn County, South Dakota

When examining property taxes in Mount Vernon, 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 Sanborn County Assessor 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 Sanborn County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Mount Vernon. For example, the median home price in Mount Vernon is $269,970, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mount Vernon, Sanborn County, South Dakota

Source: Ownwell

$71,744

$100,172

$128,600

Median Mount Vernon Market Value

$269,970

Median Sanborn County Market Value

$84,330

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Vernon, Sanborn County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57363	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mount Vernon, Sanborn County, South Dakota

In Mount Vernon, located in Sanborn County, SD, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. For homeowners in this region, the median home price stands at $269,970. Tax bills can vary significantly, with the 25th percentile at $1,728 and the 75th percentile reaching $3,971, indicating a range of potential financial burdens. The 90th percentile tax bill is $5,810, highlighting the upper end of property tax responsibilities for some homeowners. Compared to the national median property tax bill of $2,400, Mount Vernon's property tax bills can be both lower and higher, depending on the property's assessed value and specific circumstances. Homeowners in Mount Vernon may find their property taxes to be a significant expense. This is where Ownwell can make a difference by offering property tax appeal and exemption services. By ensuring accurate assessments and identifying potential exemptions, Ownwell helps homeowners reduce their tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Mount Vernon, Sanborn County, South Dakota

Source: Ownwell

$1,098

$1,372

$1,646

Median Mount Vernon Tax Bill

$2,992

Median Sanborn County Tax Bill

$1,303

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Vernon, Sanborn County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57363	N/A	N/A	N/A	N/A	N/A

Source: Ownwell