Volin, Yankton County, South Dakota Property Taxes
Median Volin, SD effective property tax rate: 1.30%, significantly higher than the national median of 1.02%.
Median Volin, SD home value: $118,186
Median annual Volin, SD tax bill: $1,490, $910 lower than the national median property tax bill of $2,400.
How are property taxes in Yankton calculated?
Property taxes in Volin, 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 Volin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Volin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Volin, Yankton County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.3%
Estimate Property Tax Bill
$1,536
$1,426
Property Tax Rates Across Volin, Yankton 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 Volin’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 Volin Tax Rate
1.30%
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 Yankton County Tax Rate
1.59%
Median Effective South Dakota Tax Rate
1.45%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Volin, Yankton County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57072 | 0.87% | 1.01% | 1.30% | 1.60% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Volin, Yankton County, South Dakota
When examining property taxes in Volin, 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 Yankton 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 Yankton 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 Volin. For example, the median home price in Volin is $118,186, with tax bills ranging significantly across the county. Zip code 57072 has the highest median home price at $118,186.
Property Tax Assessment Values Across Volin, Yankton County, South Dakota
Source: Ownwell
$85,500
$151,375
$217,250
Median Volin Market Value
$118,186
Median Yankton County Market Value
$144,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Volin, Yankton County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57072 | $18,600 | $53,000 | $118,186 | $223,500 | $462,626 |
Source: Ownwell
Property Tax Bills Across Volin, Yankton County, South Dakota
In Volin, located in Yankton County, SD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value, determined by the local assessor, is a percentage of the property's market value. Homeowners in Volin typically face a median tax bill of $1,490, which is below the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements. The tax burden in Volin can vary significantly, with the 25th percentile tax bill at $746 and the 90th percentile reaching $4,329, reflecting differences in property values and local tax rates.
Ownwell assists homeowners by reviewing their property assessments to identify potential savings. Through a detailed analysis, Ownwell can determine if a homeowner's property is over-assessed and file an appeal on their behalf. This service can lead to significant reductions in property tax bills, providing financial relief for homeowners in Volin. By leveraging expert knowledge and local insights, Ownwell ensures that property taxes are fair and manageable.
Median Volin Tax Bill
$1,490
Median Yankton County Tax Bill
$2,269
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Volin, Yankton County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57072 | $332 | $746 | $1,490 | $2,456 | $4,329 |
Source: Ownwell