Hermosa, Custer County, South Dakota Property Taxes

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

Median HERMOSA, SD effective property tax rate: 1.25%, significantly higher than the national median of 1.02%.
Median HERMOSA, SD home value: $257,218
Median annual HERMOSA, SD tax bill: $3,088, $688 higher than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

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

Last Updated March 1, 2025

Hermosa, Custer County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$3,215

$2,984

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

Property Tax Rates Across Hermosa, Custer County, South Dakota

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 Hermosa’s effective property tax rate to other cities in South Dakota and the median property tax rates in South Dakota and the U.S. Hermosa, located in Custer County, has a median property tax rate of 1.25%, which is higher than the national median of 1.02%. This places Hermosa among the higher property tax rates in the region. Understanding these rates can help property owners make informed decisions about potential tax appeals or exemptions. South Dakota's property tax rate is consistent across various areas, showing less variation compared to other states. However, it remains crucial for property owners to stay informed about their local rates and potential savings opportunities.

Property Tax Rates Across Hermosa, Custer County, South Dakota

Source: Ownwell

0.68%

1.09%

1.51%

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 Hermosa Tax Rate

1.25%

Median Effective Custer County Tax Rate

1.26%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hermosa, Custer County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57744	1.07%	1.15%	1.25%	1.43%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Hermosa, Custer County, South Dakota

When examining property taxes in Hermosa, 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 Custer 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 Custer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Hermosa.

For example, the median home price in Hermosa is $257,218, with tax bills ranging significantly across the county. Zip code 57744 has the highest median home price at $257,218.

Property Tax Assessment Values Across Hermosa, Custer County, South Dakota

Source: Ownwell

$31,852

$243,769

$455,685

Median Hermosa Market Value

$257,218

Median Custer County Market Value

$206,902

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hermosa, Custer County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57744	$36,144	$117,638	$257,218	$424,482	$558,910

Source: Ownwell

Property Tax Bills Across Hermosa, Custer County, South Dakota

In Hermosa, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Custer County, where Hermosa is located, the median property tax bill is notably higher than the national median, with figures reaching up to $3,088. This can significantly impact homeowners, adding a substantial annual cost to homeownership. Several factors influence the assessed value, including market conditions, property improvements, and neighborhood trends. Homeowners might find themselves paying more than necessary if their property's assessed value does not accurately reflect current market conditions. This is where Ownwell can make a difference. By providing expert property tax appeal services, Ownwell helps homeowners potentially reduce their tax burden. Through a detailed analysis and appeal process, Ownwell identifies discrepancies and advocates for a fair assessment, ensuring homeowners do not overpay on their property taxes.

Property Tax Bills Across Hermosa, Custer County, South Dakota

Source: Ownwell

$438

$3,220

$6,002

Median Hermosa Tax Bill

$3,088

Median Custer County Tax Bill

$2,674

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Hermosa, Custer County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57744	$645	$1,612	$3,088	$5,154	$6,776

Source: Ownwell