What is the property tax rate in Rapid City, SD?

Rapid City has an estimated effective property tax rate of 1.13%. On a median home valued at $270,000, homeowners pay approximately $3,058 per year in property taxes.

How does Rapid City compare to Pennington County?

Rapid City's effective rate of 1.13% is 5% higher than the Pennington County average of 1.08%. The county-wide median annual tax is $3,265, while Rapid City homeowners pay an estimated $3,058.

How much are property taxes in Rapid City on a $300,000 home?

Based on Rapid City's effective rate of 1.13%, property taxes on a $300,000 home would be approximately $3,390 per year, or about $283 per month.

Rapid City Property Tax Rate

Pennington County, South Dakota

1.13%effective rate

Rapid City is located in Pennington County, South Dakota. Homeowners in Rapid City pay a median of $3,058 per year in property taxes on a home valued at $270,000, resulting in an effective tax rate of 1.13%. This is 5% higher than the Pennington County average of 1.08%.

Effective Tax Rate🏠

1.13%

vs 1.08% county avg

Est. Annual Tax💰

$3,058

Per year

Median Home Value📊

$270,000

2024 estimate

Population📍

76,836

Rapid City, SD

How Rapid City Compares

Rapid City

1.13%

Pennington County Average

1.08%

South Dakota Average

1.06%

National Average

0.92%

About Property Taxes in Rapid City

Property taxes in Rapid City are collected by Pennington County. Tax exemptions available to Pennington County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Rapid City. For detailed information on available exemptions and the county tax collector, see the Pennington County property tax page.

Property Tax Calculator

Estimate your annual property tax in Rapid City

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$3,390

$282/month · Rate: 1.13%

Pennington County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

South Dakota Property Taxes

Statewide rates, all 66 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.