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Taxes in Huron, SD
In Huron, South Dakota, the local sales tax rate is 2%. This is in addition to the state sales tax rate, which is set at 4.5%. The county in which Huron is located, Beadle County, does not impose an additional county sales tax, so the total sales tax rate in Huron is 6.5%.
For businesses operating in Huron, the corporate income tax rate is 0%, as South Dakota is one of the few states that does not impose a corporate income tax. However, there is a state-level gross receipts tax, also known as the business tax. The rate for this tax varies depending on the type of business, but the general rate is 4.5%.
Property taxes in Huron are also a consideration for businesses and individuals. The commercial property tax rate is 1.92% of the property's assessed value. The industrial property tax rate is set at the same rate, 1.92%. Personal property, such as vehicles and household goods, are taxed at a rate of 1.92% as well. These rates are subject to change based on decisions made by local government.
More comprehensive tax data for Huron is coming soon!
Featured Profiles
Business and Tax Incentives in Huron, SD
Huron offers a variety of economic incentives to help businesses at the local, state, and federal level.
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Reviews
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FAQs about Huron, SD
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