Sioux Falls, SD — income, home value, property tax, and sales tax.
In ZIP code 57117, part of Sioux Falls, per-capita income stands at $19,896, while the county-level effective property tax rate is 1.14%. That rate applies to whatever a home is worth, so the actual tax bill scales directly with value: a $250,000 house would generate roughly $2,850 in annual property taxes, a meaningful sum against earnings near $20,000 per person. Combined with a 6.20% sales tax on purchases, housing costs here weigh heavily on household finances, and buyers should weigh assessed value against income before committing.