State Reference Guide

South Dakota


Real Estate **

Closing Conducted by: Title Companies, Lenders, Real Estate Agents, Attorneys
Conveyance: Warranty Deed

Foreclosure Procedure **

Primary Foreclosure Method: Judicial
Process Period: 6 - 9 months
Notice of Sale: Sheriff
Redemption Period: Up to 12 Months

State & Local Realtor Boards **

South Dakota State Realtor Board: South Dakota Association Of Realtors®
South Dakota State Association Phone: 605-224-0554
Find the Local Association of Realtors:
Watertown Realtor Board Website: Northeast South Dakota Association Of Realtors®
Watertown Realtor Board Address: PO BOX 754 Watertown, SD 57201
Watertown Realtor Board Phone: 605-868-3274

Taxes **

Income Tax: None
Corporate Tax: None
Sales Tax: 4.00%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 1.28%
Property Taxes by County: http://www.tax-rates.org/south_dakota/property-tax#Counties

Average Transactional Costs **

Closing Cost: $2,563.00
Transfer Fee: 0.10%
Origination Fee: $1,940.00

South Dakota Counties

Use of Terms and Disclaimers

All of the information provided on this page is to be used for reference purposes only. All of the information provided is believed to be accurate and reliable; however, FortuneBuilders assumes no responsibility for any errors or omissions and is not responsible for misuse or misinterpretation. FortuneBuilders specifically disclaims any and all liability for any claims or damages that may result from using the information contained on this site.

The Geographical Information System(GIS) application sites provide access to information maintained by the respective county. User of the service acknowledges that the County shall not be liable for any damages, and expressly waives all claims, and agrees to defend, indemnify, and hold harmless the County from any and all claims brought by User, its employees or agents, or third parties which arise out of the user's access or use of data provided.

Fees associated with real estate transactions vary by state, province and county. The figures provided are the estimated average costs calculated from a $200,000 single-family property in this state/province. These figures should only be used for reference or a quick estimation.

Canada
Home builders’ associations represent construction professionals in Canada’s residential construction sector. Municipalities may also have additional area rates for specified services on top of the general rate. These rates are applied to property assessment (based on market value) which can change from year to year. Licensing information for all contractors is unavaliable due to Province regulations. Licensing requirements change, it is important that you check with both the provincial and local municipal office to verify if any updates have been made or additional licenses are required.

** Sources