Transfer tax
South Dakota charges a transfer fee of $0.50 per $500 of value. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
South Dakota has no personal income tax, a low transfer fee and a property market that divides hard at the Missouri River: cropland and small cities to the east, range, reservation land and the Black Hills to the west. A certificate of value accompanies most transfers.
Federal tax rules are the same in every state. These three are set by South Dakota and by the county where the property sits.
South Dakota charges a transfer fee of $0.50 per $500 of value. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
South Dakota transfers are ordinarily accompanied by a certificate of value filed with the register of deeds for the director of equalization, with exempt transfers stating the exemption. It is short and it is required. We prepare it with the deed.
Deeds are recorded with the register of deeds for the county where the property sits. You sign before a notary wherever you live, and we handle the filing.
Four situations that recur across the state.
Each links to the full guide for that type, including how a donation compares with selling.
The river divides the state and the property markets with it.
The strongest market in the state, with inherited houses and farm ground on the growth edge.
Productive cropland, cash rented and owned largely by non-farming heirs.
Smaller towns, mixed crop and cattle ground and thin housing markets.
Very large range blocks where the neighboring ranch is the only realistic buyer.
Recreational lots, cabins and tourism-dependent commercial property.
Land where trust status and jurisdiction have to be established before anything else.
South Dakota charges a transfer fee of $0.50 per $500 of value. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
No. We prepare the deed in the form South Dakota requires for the county where the property sits, you sign before a notary where you live, and we record it with the county register of deeds.
It can matter a great deal, and it is the first thing to establish. Trust and restricted land requires federal approval to transfer, while fee land inside a boundary usually does not. We find out rather than assume.
South Dakota does not levy a broad personal income tax on wages, so there is generally no state income tax deduction to claim. Your federal charitable deduction follows the usual IRS rules.
Frequently, because we are not trying to match a local buyer on a local timetable. Tell us the county and the address and we will be straight about what it is likely to bring.
We do not provide tax or legal advice. State and local transfer tax rules change; we confirm current requirements when we prepare each deed. Consult your own advisor.
The county and a parcel number are enough to start.