Rapid City, SD Property Tax Rates
Compare property tax rates across 3 ZIP codes in Rapid City, South Dakota.
Avg Tax Rate
1.12%
Avg Annual Tax
$3,090
Avg Home Value
$273,867
ZIP Codes
3
Property Tax Overview: Rapid City, SD
Rapid City has 3 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 1.12%, which is 2% above the South Dakota average of 1.10%. Annual property taxes range from $2,727 (ZIP 57703) to $3,956 (ZIP 57702).
For a home at Rapid City's median value of $273,867, property taxes add approximately $257/month to housing costs. Rapid City home values are above the South Dakota median of $178,580, meaning the monthly tax impact is correspondingly higher.
Property tax rates within Rapid City vary by 0.07 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
Rapid City vs South Dakota Average
Effective Tax Rate
2% above state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Rapid City, SD?
The average effective property tax rate in Rapid City, South Dakota is 1.12%, based on 3 ZIP codes.
How much is property tax in Rapid City, SD?
The average median annual property tax in Rapid City is $3,090 per year, with a median home value of $273,867.
Which ZIP code in Rapid City has the lowest property tax rate?
ZIP code 57703 has the lowest effective tax rate in Rapid City at 1.09%, with a median annual tax of $2,727.
How many ZIP codes are in Rapid City, SD?
Rapid City, South Dakota has 3 ZIP codes with property tax data available.
Which ZIP code in Rapid City has the highest property tax rate?
ZIP code 57702 has the highest effective tax rate in Rapid City at 1.16%, with a median annual tax of $3,956.
How do Rapid City property taxes compare to the South Dakota average?
Rapid City's average effective rate of 1.12% is 2% above the South Dakota state average of 1.10%.
What factors affect property tax rates between ZIP codes in Rapid City?
Property tax rate differences within Rapid City are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Rapid City Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: South Dakota reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Rapid City, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Other Cities in South Dakota
Looking for county-level property tax data? View Pennington County on TaxByCounty.com
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.