Woonsocket, Sanborn County, South Dakota Property Taxes
Median Woonsocket, SD effective property tax rate: 2.14%, significantly higher than the national median of 1.02%. Median Woonsocket, SD home value: $75,601. Median annual Woonsocket, SD tax bill: $1,307, $1,093 lower than the national median property tax bill of $2,400.
How are property taxes in Sanborn calculated?
Property taxes in Woonsocket, 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 Woonsocket’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woonsocket, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woonsocket, Sanborn County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.14%
Estimate Property Tax Bill
$1,618
$1,501
Property Tax Rates Across Woonsocket, Sanborn County, South Dakota
Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation occurs because each county annually 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.
In Woonsocket, located in Sanborn County, South Dakota, the effective property tax rate stands out when compared to other cities in the state and the national median. South Dakota's median property tax rate is significantly higher than the national median of 1.02%, reflecting the unique financial needs and property values within the state. Woonsocket's rate is a representation of these localized factors.
Understanding these variations can be crucial for property owners looking to manage their tax liabilities effectively. By appealing or seeking exemptions, property owners in Woonsocket can potentially reduce their tax burden, making it a wise consideration for those looking to optimize their property-related expenses.
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 Woonsocket Tax Rate
2.14%
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 Sanborn County Tax Rate
1.57%
Median Effective South Dakota Tax Rate
1.45%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Woonsocket, Sanborn County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57385 | 0.89% | 1.11% | 2.14% | 2.14% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Woonsocket, Sanborn County, South Dakota
When examining property taxes in Woonsocket, 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 Sanborn 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 Sanborn 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 Woonsocket. For example, the median home price in Woonsocket is $75,601, with tax bills ranging significantly across the county. Zip code 57385 has the highest median home price at $75,601.
Property Tax Assessment Values Across Woonsocket, Sanborn County, South Dakota
Source: Ownwell
$71,744
$100,172
$128,600
Median Woonsocket Market Value
$75,601
Median Sanborn County Market Value
$84,330
Median United States Market Value
$235,294
Property Tax Assessment Values Across Woonsocket, Sanborn County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57385 | $13,464 | $32,998 | $75,601 | $145,575 | $305,030 |
Source: Ownwell
Property Tax Bills Across Woonsocket, Sanborn County, South Dakota
Median Woonsocket Tax Bill
$1,307
Median Sanborn County Tax Bill
$1,303
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Woonsocket, Sanborn County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57385 | $320 | $665 | $1,307 | $2,294 | $3,267 |
Source: Ownwell