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Taxes in Sioux Falls, SD
In Sioux Falls, 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%. Furthermore, Minnehaha County, where Sioux Falls is located, does not impose an additional county sales tax, keeping the total combined sales tax rate at 6.5%.
Regarding corporate income tax, South Dakota is one of the few states that does not impose this tax, making it an attractive location for businesses. Additionally, the state does not levy a gross receipts tax, which is a tax on the total gross revenues of a company, regardless of their source.
Property taxes in Sioux Falls, South Dakota, vary based on the type of property. Commercial and industrial properties are typically taxed at a higher rate than personal properties. However, the specific rates can vary and are determined by the local government. It's important for property owners to check with the local tax assessor's office to get the most accurate information.
More comprehensive tax data for Sioux Falls is coming soon!
Featured Profiles
Business and Tax Incentives in Sioux Falls, SD
Sioux Falls 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 Sioux Falls, claim this profile to add your incentives and attract more employers to your community.
Reviews
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FAQs about Sioux Falls, SD
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