South Dakota offers a business friendly climate.  There is...

• No Corporate Income Tax
• No Personal Income Tax
• Business Inventory Tax
• No Personal Property Tax
• No Inheritance Tax

Local Tax Structure

Real Property Tax Mill Levy

• Owner – occ.22.43
• Commercial 27.11

Local Sales Rate: 2%
State Sales Tax Rate: 4%

Local Property Tax Incentives

Real Property Tax

• Year 1:  20% of assessed value
• Year 2:  40 % of assessed value
• Year 3:  60% of assessed value
• Year 4:  80% of assessed value
• Year 5:  100% of assessed value

Local Incentives

SEDC Revolving Loan Fund: 3%
City Revolving Loan Fund:  3%                      

Municipal Services

Local Government:  City Manager, Mayor, and City Council
Police Force: 18 full time
Fire Department: Volunteer with 3 full time staff
Fire Insurance Rating: Class 6
City Zoning Ordinance in effect: Yes
County Zoning Ordinance in effect: No
Percent of Street Paved: 96%

Reports for the Labor Market Study

Labor Market Study of the Black Hills/I-90 Corridor
Labor Market Study of the Black Hills/Overall (I-90 and Southern)
Labor Market Study of the Black Hills/Southern Hills