Q: When are property taxes due in Faulk County for 2025?
A: Property taxes are due in two installments: April 15, 2025, and October 15, 2025. If these dates fall on weekends or holidays, the due date extends to the next business day.
Q: What tax credits are available and how do I apply?
A: South Dakota offers several tax credits including the Homestead Credit for owner-occupied residences, Agricultural Land Credit, and credits for disabled veterans and elderly/disabled persons. All credits require annual application through the Faulk County Director of Equalization office. Applications must be filed by March 1st for the current tax year.
Q: How does the Homestead Credit work?
A: The Homestead Credit limits annual assessment increases on owner-occupied homes to no more than the cost-of-living adjustment or 3%, whichever is less, rather than reducing market value. You must file Form H-1 annually by March 1st with the county. This is a credit that reduces your tax bill, not an exemption that reduces assessed value.
Q: How often is property reassessed in Faulk County?
A: All property in Faulk County is subject to annual assessment review, with comprehensive reappraisals typically conducted every 6 years. The county may update individual assessments any year based on market changes, sales data, or property improvements.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the County Board of Equalization between April 1st and May 1st. Contact the Director of Equalization at (605) 598-6224 for appeal forms and procedures. You can also appeal to the State Board of Equalization if unsatisfied with the county decision.
Q: What happens if I pay property taxes late?
A: Late payments incur penalties of 1.5% per month after the due date. If taxes remain unpaid for three years, the property may be subject to tax deed proceedings and potential loss of ownership.
Q: Can I pay property taxes online?
A: Contact the Faulk County Treasurer at (605) 598-6225 to inquire about online payment options and accepted methods. Many South Dakota counties offer online payment systems for property taxes.
Q: Why did my taxes increase when I didn't make improvements?
A: Tax increases can result from higher tax rates approved by local taxing districts, general market value increases in your area, or changes in special district assessments. Even with the Homestead Credit, taxes can increase due to rate changes affecting all properties in your taxing districts.
