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Taxes in Brookings, SD
In Brookings, South Dakota, the local sales tax rate is set at 2%. This is in addition to the state sales tax rate, which is 4.5%. The county of Brookings does not impose an additional sales tax, so the total sales tax rate in Brookings, SD is 6.5%.
When it comes to corporate income tax, South Dakota is one of the few states that does not impose this tax, so businesses in Brookings, SD are not required to pay it. As for the gross receipts tax, South Dakota imposes a state-level tax on the gross receipts of certain businesses, but the rate varies depending on the type of business and the nature of the goods or services sold.
Property taxes in Brookings, SD are levied at the local level and the rates vary depending on the type of property. Commercial and industrial properties are typically taxed at a higher rate than residential properties. The exact rate will depend on the assessed value of the property and the tax levy set by the local government. Personal property, which includes items like vehicles and boats, is also subject to tax in South Dakota, with rates varying by county and the type of property.
More comprehensive tax data for Brookings is coming soon!
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Business and Tax Incentives in Brookings, SD
Brookings offers a variety of economic incentives to help businesses at the local, state, and federal level.
No incentives found! If you are a local economic developer in Brookings, claim this profile to add your incentives and attract more employers to your community.
Reviews
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FAQs about Brookings, SD
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