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Updated 2025 Tax Year

Haakon County
Property Tax Guide

Everything you need to know about property taxes in Haakon County, SD. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
0.50% effective rate (varies by taxing district combinations)
Exemptions
5+ Available
Section 1

How Property Tax Works

Haakon County, South Dakota operates under a property tax system that funds essential local services including schools, county government operations, emergency services, and infrastructure maintenance. Property taxes are the primary source of revenue for these vital community services. The county follows South Dakota's standard assessment practices, with properties assessed at fair market value and taxes calculated based on local levy rates.

For the 2025 tax year, Haakon County's effective property tax rate is approximately 0.50%, though actual rates vary significantly by location within the county due to different combinations of special taxing districts. Property owners may be subject to additional assessments from school districts, municipalities, fire districts, and other special purpose districts depending on their property's location. The county reassesses properties periodically to maintain current market valuations, and property owners have appeal rights if they disagree with their assessed values.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County GeneralVariesBasic county operations, roads, public safety
School DistrictVariesLocal school district operations and capital needs
MunicipalVariesCity services (if within city limits)
Fire DistrictVariesFire protection services
Other Special DistrictsVariesLibrary, water, sewer, or other local services
Total Effective Rate~0.50%Combined rate for FY 2025

Note: Actual tax rates vary by specific location within Haakon County based on the combination of taxing districts that serve each property. The 0.50% rate represents a county average. Contact the Haakon County Director of Equalization for your property's specific district combination and exact rate.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Haakon County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Haakon County are triggered when property undergoes significant changes during the tax year, such as new construction completion, major improvements, or ownership changes that reveal previously unreported property characteristics. These taxes represent the difference between what was originally assessed and what should have been assessed for the partial year.

Supplemental taxes are calculated by determining the difference between the original assessment and the new assessment, then applying the current tax rate to this difference for the remaining portion of the tax year. For example, if a $100,000 home addition is completed and assessed in July, the supplemental tax would be calculated on that $100,000 value for the remaining 6 months of the tax year. Property taxes attach as an enforceable lien on October 1st and become due according to the county's payment schedule.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value: $300,000
  • Less Available Tax Credits: $0 (assuming no applications filed)
  • Net Taxable Value: $300,000
  • Annual Tax (0.50%): $1,500
  • Monthly Payment: $125

Example 2: $600,000 Home with Homestead Credit

  • Market Value: $600,000
  • Assessed Value: $600,000
  • Less Homestead Credit: Varies (caps assessment increases, requires application)
  • Net Taxable Value: ~$580,000 (estimated with credit)
  • Annual Tax (0.50%): $2,900
  • Monthly Payment: $242

Example 3: $1,000,000 Property

  • Market Value: $1,000,000
  • Assessed Value: $1,000,000
  • Less Available Tax Credits: $0 (assuming no applications filed)
  • Net Taxable Value: $1,000,000
  • Annual Tax (0.50%): $5,000
  • Monthly Payment: $417

Note: Tax credits require separate applications and have specific eligibility requirements and deadlines. Actual taxes may vary based on your property's specific taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Haakon County collect property taxes through escrow accounts, spreading the annual tax burden across 12 monthly payments included with your mortgage payment. Lenders typically collect 1/12th of your estimated annual property tax each month, plus an additional cushion as allowed by federal law.

Property taxes in Haakon County are due in two installments: the first half by July 1st and the second half by December 1st. Lenders usually pay these installments directly to the County Treasurer on behalf of borrowers. Property owners should verify that their lender has current tax information and is making payments on time, as property owners remain ultimately responsible for tax payments even when using escrow services. You can verify payments and check your account status by contacting the Haakon County Treasurer's office directly.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Haakon County for FY 2025? A: Property taxes are due in two installments - first half by July 1st and second half by December 1st. Taxes become delinquent if not paid by these dates.

Q: What tax credits are available and how do I apply? A: South Dakota offers various tax credits including homestead credits for qualifying property owners. Most credits require annual applications with specific deadlines. Contact your county assessor's office for available programs and application requirements.

Q: How does the homestead credit work? A: The homestead credit caps annual assessment increases rather than reducing market value. It requires filing an application and meeting residency requirements. The credit limits how much your assessed value can increase each year, providing property tax stability.

Q: When are properties reassessed? A: Haakon County follows South Dakota's assessment schedule. Properties may be reassessed periodically or when significant changes occur. You'll receive notification if your assessment changes significantly.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the county Board of Equalization within specific timeframes after receiving your assessment notice. Contact the Director of Equalization for appeal procedures and deadlines.

Q: What are the penalties for late payment? A: Late payments incur penalties and interest charges. Properties may be subject to tax sale procedures if taxes remain delinquent. Contact the County Treasurer for specific penalty rates and collection procedures.

Q: Can I pay my taxes online? A: Contact the Haakon County Treasurer's office to inquire about online payment options and accepted payment methods for property taxes.

Q: Why did my taxes increase if I didn't make any improvements? A: Tax increases can result from rising property values, changes in tax rates, new special district assessments, or the addition/expiration of tax credits. Your tax notice should detail the components of any increase.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Tax Doc
Tax-Rates.org — The 2024-2025 Tax Resourcemylrc.sdlegislature.gov
02
city of philip council proceedingsphilipsd.us
03
Philip Wind Energy Center Interconnection Requestwapa.gov
04
Codified Law 7 | South Dakota Legislaturesdlegislature.gov
05
Tax Doc
Property Tax | South Dakota Department of Revenuedor.sd.gov
06
County
Contact County Treasurers | South Dakota Department of ...dor.sd.gov
07
Tax Doc
Tax Exempt Propertymylrc.sdlegislature.gov
08
Register of Deeds | South Dakota Department of Revenuedor.sd.gov
09
County
County Treasurers | South Dakota Department of Revenuedor.sd.gov
10
HAAKON SCHOOL DISTRICT NO. 27-1legislativeaudit.sd.gov
All sources verified as of 2025 Tax Year

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