Property Taxes by State and County, 2023
Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.
6 min readHow does South Dakota’s tax code compare? South Dakota does not have an individual income tax. South Dakota also does not have a corporate income tax. South Dakota has a 4.20 percent state sales tax rate and an average combined state and local sales tax rate of 6.11 percent. South Dakota has a 1.01 percent effective property tax rate on owner-occupied housing value.
South Dakota does not have an estate tax or inheritance tax. South Dakota has a 30 cents per gallon gas tax rate and a $1.53 cigarette excise tax rate. The State of South Dakota collects $4,619 in state and local tax collections per capita. South Dakota has $7,398 in state and local debt per capita and has a 100 percent funded ratio of public pension plans. Overall, South Dakota’s tax system ranks 2nd on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and South Dakota is no exception. The first step towards understanding South Dakota’s tax code is knowing the basics. How does South Dakota collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.
6 min readIf the policy goal of taxing cigarettes is to encourage cessation, vapor taxation must be considered a part of that policy design.
3 min readAs more and more states move away from throwback or throwout rules, those states that still impose these rules are becoming less attractive for businesses, which are incentivized to relocate their sales activities to non-throwback states.
6 min readCalifornia pumps out the highest state gas tax rate of 77.9 cents per gallon (cpg), followed by Illinois (66.5 cpg) and Pennsylvania (62.2 cpg).
2 min readHowever well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.
4 min readCompare the latest 2023 sales tax rates as of July 1st. Sales tax rate differentials can induce consumers to shop across borders or buy products online.
8 min readAt least 32 notable tax policy changes recently took effect across 18 states, including alterations to income taxes, payroll taxes, sales and use taxes, property taxes, and excise taxes. See if your state tax code changed.
15 min readTaxes are the single most expensive ingredient in beer, costing more than the labor and raw materials combined.
3 min readOf all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Like many excise taxes, the treatment of distilled spirits varies widely across the states.
4 min read