Carter, Tripp County, South Dakota Property Taxes
Median Carter, SD effective property tax rate: 0.75%, significantly lower than the national median of 1.02%.
Median Carter, SD home value: $183,866
Median annual Carter, SD tax bill: $1,425, $975 lower than the national median property tax bill of $2,400.
How are property taxes in Tripp calculated?
Property taxes in Carter, 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 Carter’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carter, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Carter, Tripp County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$1,379
$1,280
Property Tax Rates Across Carter, Tripp County, South Dakota
Local government entities are responsible for setting tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services and dividing 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 Carter’s effective property tax rate to other cities in South Dakota and the median property tax rates in South Dakota and the U.S.
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 Carter Tax Rate
0.75%
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 Tripp County Tax Rate
1.24%
Median Effective South Dakota Tax Rate
1.45%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Carter, Tripp County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57580 | 0.64% | 0.67% | 0.75% | 0.92% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Carter, Tripp County, South Dakota
When examining property taxes in Carter, 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 Tripp 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 Tripp 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 Carter.
For example, the median home price in Carter is $183,866, with tax bills ranging significantly across the county. 57580 has the highest median home price at $183,866.
Property Tax Assessment Values Across Carter, Tripp County, South Dakota
Source: Ownwell
$44,250
$125,859
$207,467
Median Carter Market Value
$183,866
Median Tripp County Market Value
$101,061
Median United States Market Value
$235,294
Property Tax Assessment Values Across Carter, Tripp County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57580 | $14,931 | $76,554 | $183,866 | $241,618 | $289,074 |
Source: Ownwell
Property Tax Bills Across Carter, Tripp County, South Dakota
In Carter, located in Tripp County, South Dakota, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. With a median home price of $183,866, the property tax bills in Carter range significantly. Homeowners in the 25th percentile pay around $773, while those in the 75th percentile face bills of approximately $1,813. At the 90th percentile, the tax bill can reach up to $2,479. These figures highlight the variation in property tax burdens among homeowners in Carter, with some paying above the national median property tax bill of $2,400.
Ownwell offers services that help homeowners reduce their property tax bills by appealing assessed values and securing exemptions. By analyzing local property data and leveraging expertise in tax regulations, Ownwell can identify opportunities for savings, potentially lowering the financial burden on homeowners. This service can be especially beneficial in areas like Carter, where property taxes can vary widely, ensuring that homeowners pay a fair amount.
Median Carter Tax Bill
$1,425
Median Tripp County Tax Bill
$1,096
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Carter, Tripp County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57580 | $257 | $773 | $1,425 | $1,813 | $2,479 |
Source: Ownwell