In South Dakota, the transfer tax is paid by the buyer at closing. The transfer tax rate is a flat 0.25%. For example, if the sale price of your land is $200,000, the buyer would pay a transfer tax of $500.
In South Dakota, the transfer tax is paid by the buyer at closing. The transfer tax rate is a flat 0.25%. For example, if the sale price of your land is $200,000, the buyer would pay a transfer tax of $500.