How often do property taxes need to be paid?

In South Dakota, property taxes are required to be paid annually. homeowners must pay their property taxes on or before the first Tuesday in October each year. Generally, the payment is due by the end of the month in which it is due, if not paid by the due date a penalty and interest may apply. The tax amount is based on the assessed market value of the property. The county treasurer of each county is responsible for the collection of property taxes. It is the treasurer’s duty to assess and collect all taxes due to the county and to enforce collection of unpaid taxes. To pay property taxes, a taxpayer may pay in person at the treasurer’s office, mail a check or money order, or pay online. In South Dakota, any unpaid balances will be subject to a 5% penalty that will be assessed for the first month of delinquency, with an additional 1% per month thereafter. For example, if taxes are due October 1st and not paid by November 1st, the 5% penalty will be assessed. There is also a late penalty of 1% for each month thereafter until the bill is paid in full. It is also important to note that taxes must be paid regardless of whether or not a property owner has received a bill. If a taxpayer does not receive a bill, it is their responsibility to contact the county treasurer’s office for a copy of the bill. So, in South Dakota, property taxes need to be paid annually, by October 1st, and any unpaid taxes will result in a penalty.

Related FAQs

What is the due date for my property taxes?
What is a homestead exemption program?
What is tax lien foreclosures?
What are the common exemptions to property taxes?
How can I appeal my property taxes?
How are property taxes calculated?
How can I find out what my property tax liability is?
What is a property tax assessment appeal law?
What is the property tax rate?
What is a tax deferral program?

How often do property taxes need to be paid?

Related FAQs

Related Blog Posts