South Dakota— Property Tax & Closing Costs
2024 Census dataEffective tax rate
1.23%
of assessed value annually
Median home value
$205,800
2024 ACS survey
Median taxes paid
$2,526/yr
2024 data
Davison County's 1.23% effective property tax rate ranks 699th highest among the 3,134 US counties tracked, placing it in the top 25% highest nationally. Within South Dakota's 66 counties, it's the 12th highest. On the county's median home value of $205,800, the typical homeowner pays $2,526 annually in property tax — $897 more than the national median of $1,629. At closing, South Dakota's 0.10% combined real estate transfer tax adds roughly $206 on a median-priced home, typically paid by the seller.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Davison County.
County median: $205,800
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
South Dakota property tax exemptions
Ways buyers in Davison County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Assessment Freeze for Elderly & Disabled
Freezes property assessment for homeowners 65+ or disabled. 2026 income limits: $56,595 single / $66,885 multi-member household. Home market value must be under $514,500.
View official source →Owner-Occupied Classification
Primary residences are taxed at a reduced rate vs. non-owner-occupied. Must own and occupy the property as of November 1.
View official source →Paraplegic / Disabled Veteran Exemption
Full property tax exemption for paraplegic veterans and fully disabled veterans, as defined by the Social Security Act, on the primary residence.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Davison County.
The effective property tax rate in Davison County is 1.23% — calculated as the median annual property tax paid ($2,526) divided by the median home value ($205,800), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
South Dakota's combined real estate transfer tax is approximately 0.10% of the purchase price. On the median Davison County home value of $205,800, this adds roughly $206 at closing. $0.50/$500 (0.1%) Real Estate Transfer Fee per SDCL 43-4-21, seller-paid. Uniform statewide.
Flood risk is relatively low. Only 4.0% of Davison County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Davison County typically run $4,116–$10,290 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Davison County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 1.23% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Davison County.
Guides for South Dakota home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →