How much are property taxes in Rapid Valley, SD?
Homeowners in Rapid Valley, SD pay a median of $2,612 (±$156) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $2,530.
Homes without a mortgage pay a median of $2,893.
That is about 1.0% of the median home value of $255,500.
In Rapid Valley, the median real estate tax went from $2,176 in 2015–2019 to $2,612 in 2020–2024 (+20.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $2,612 (±$156)
- With a mortgage
- $2,530
- Without a mortgage
- $2,893
- Share of median value
- 1.0%
Real estate taxes in Rapid Valley against Pennington County, its state and the nation
| Rapid Valley | Pennington County | South Dakota | United States | |
|---|---|---|---|---|
| Median real estate taxes | $2,612 (±$156) | $3,265 (±$100) | $2,724 (±$28) | $3,119 |
| Homes with a mortgage | $2,530 (±$128) | $3,276 (±$135) | $2,955 (±$34) | $3,489 |
| Homes without a mortgage | $2,893 (±$467) | $3,247 (±$172) | $2,390 (±$48) | $2,576 |
| Median home value | $255,500 (±$14,144) | $302,200 (±$9,091) | $257,400 (±$3,051) | $332,700 |
In Rapid Valley, the median real estate tax is lower than in Pennington County ($3,265).
It is not measurably different from South Dakota ($2,724).
It is lower than the national figure ($3,119).
In Pennington County, Rapid Valley ranks 7 of 15 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 197 of 729.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Rapid Valley
The median tax ($2,612) is 1.0% of the median home value ($255,500).
Across Pennington County the same ratio is 1.1%.
Across South Dakota it is 1.1%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Rapid Valley have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $2,176 (±$141) | $2,612 (±$156) | +20.0% | No measurable change after inflation |
| Median home value | $161,100 (±$7,990) | $255,500 (±$14,144) | +58.6% | Up after inflation |
| Median owner cost with a mortgage | $1,310 (±$74) | $1,633 (±$106) | +24.7% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Rapid Valley
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Rapid Valley | — | $2,612 (±$156) | — |
| Green Valley | 2.0 mi | $3,267 (±$938) | Not measurably different |
| Box Elder | 3.6 mi | $4,019 (±$368) | Higher |
| Ashland Heights | 4.6 mi | $1,389 (±$263) | Lower |
| Rapid City | 4.8 mi | $3,251 (±$94) | Higher |
| Colonial Pine Hills | 10 mi | $4,653 (±$318) | Higher |
| Blackhawk | 12 mi | $2,546 (±$244) | Not measurably different |
| Summerset | 14 mi | $4,204 (±$218) | Higher |
| New Underwood | 14 mi | $2,041 (±$369) | Lower |
Nearby places with a measurably lower figure: Ashland Heights, SD ($1,389), New Underwood, SD ($2,041).
Nearby places with a measurably higher figure: Box Elder, SD ($4,019), Rapid City, SD ($3,251), Colonial Pine Hills, SD ($4,653).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Pennington County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 | Lake Flat Township | $8,125 (±$2,812) |
| 2 | Colonial Pine Hills | $4,653 (±$318) |
| 3 | Box Elder | $4,019 (±$368) |
| 4 | Hill City | $3,544 (±$387) |
| 5 | Green Valley | $3,267 (±$938) |
| 6 | Rapid City | $3,251 (±$94) |
| 7 | Rapid Valley | $2,612 (±$156) |
| 8 | Huron Township | $2,313 (±$2,121) |
| 9 | New Underwood | $2,041 (±$369) |
| 10 | Quinn | $1,786 (±$810) |
| 11 | Wall | $1,709 (±$345) |
| 12 | Ashland Heights | $1,389 (±$263) |
| 13 | Wasta | $1,341 (±$323) |
Showing 13 of 15 places in Pennington County, ranked from highest to lowest.
Rapid Valley is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Rapid Valley
How much are property taxes in Rapid Valley?
The median real estate tax paid by homeowners in Rapid Valley, SD is $2,612 (±$156) a year (2020–2024 American Community Survey).
What is the property tax rate in Rapid Valley?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.0% of the median home value in Rapid Valley, and the actual rate is set by the town, county and school district.
Have property taxes in Rapid Valley gone up?
In Rapid Valley, the median real estate tax went from $2,176 in 2015–2019 to $2,612 in 2020–2024 (+20.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Rapid Valley higher than in Pennington County?
In Rapid Valley, the median real estate tax is lower than in Pennington County ($3,265).
It is not measurably different from South Dakota ($2,724).
It is lower than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Rapid Valley CDP, South Dakota (place:53007, in state:46).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- Home values in Rapid Valley
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- Population growth in Rapid Valley
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- South Dakota landlord and tenant rules
- Housing across Pennington County
- South Dakota places ranked by property taxes
- Housing data for every place in South Dakota