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Taxes in Rapid City, SD
In Rapid City, South Dakota, the local sales tax rate is 2%, the state sales tax rate is 4.5%, and the county sales tax rate is 0%, making the combined sales tax rate in Rapid City 6.5%.
As for corporate income tax, South Dakota is one of the few states that does not impose this tax, so businesses in Rapid City are not subject to it. Similarly, South Dakota does not have a gross receipts tax, which means businesses in Rapid City are not required to pay this type of tax either.
Regarding property taxes in Rapid City, the rates vary based on the type of property. Commercial property is taxed at a rate of 2.11% of its assessed value, while industrial property is taxed at a rate of 2.25%. Personal property, on the other hand, is not subject to property tax in South Dakota, including Rapid City.
More comprehensive tax data for Rapid City is coming soon!
Featured Profiles
Business and Tax Incentives in Rapid City, SD
Rapid City 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 Rapid City, claim this profile to add your incentives and attract more employers to your community.
Reviews
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FAQs about Rapid City, SD
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