Q: When are property taxes due in Yankton County?
A: Property taxes for FY 2025 are due in two installments: first half by April 30th and second half by October 31st. Late payments incur penalties and interest.
Q: What tax credits are available and how do I apply?
A: The primary credit is the Homestead Credit, which requires annual application with the county assessor. This credit can reduce your tax bill and may cap assessment increases. Applications must be filed by March 1st for the current tax year.
Q: How does the Homestead Credit work?
A: The Homestead Credit doesn't reduce your property's market value but provides a tax credit and may limit annual assessment increases. You must apply annually with the county assessor's office - it's not automatic.
Q: How often are properties reassessed?
A: South Dakota requires properties to be assessed annually, but market value adjustments may not occur every year. The county assessor reviews sales data and may update assessments based on market conditions.
Q: What if I disagree with my assessment?
A: You can appeal your assessment to the County Board of Equalization. Appeals must typically be filed by April 15th following the assessment notice.
Q: What are the penalties for late payment?
A: Late payments incur penalties starting at 1.5% per month plus interest. After November 1st, the second half payment also becomes delinquent if unpaid.
Q: Can I pay property taxes online?
A: Yes, Yankton County offers online payment options through their official website. Check with the County Treasurer's office for approved payment methods and any associated fees.
Q: Why do tax rates vary within the county?
A: Different areas have different combinations of school districts, fire districts, municipalities, and special improvement districts, each with their own tax levies that combine to create your total rate.
Q: What happens if I don't pay property taxes?
A: Unpaid taxes become a lien on your property. After three years of delinquency, the county may begin tax deed proceedings to collect the debt.
Q: How do new construction projects affect my taxes?
A: New construction or major improvements trigger supplemental tax bills for the portion of the year after completion. The county assessor will inspect and assess the improvements separately from your annual assessment.
