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Canton
Canton
South Dakota
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Canton is a city in and the county seat of Lincoln County, South Dakota, United States. Canton is located 20 minutes south of Sioux Falls in southeastern South Dakota. Canton is nestled in the rolling hills of the Sioux Valley, providing an abundance of recreational activities with the Big Sioux River bordering the eastern side, Newton Hills State Park to the south, and Lake Alvin to the north. The city was named by Norwegian settler and former legislator James M. Wahl. The population is estimated to be 3,386 as of 2016. As a growing small community, the City of Canton was the proud recipient of the South Dakota Community of the Year Award in 2004 and in 2011. The City of Canton is also home to the Canton Industrial Park, South Dakota's first Certified Ready Site.

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Taxes

A

How did South Dakota earn the grade of A? We examined the state taxes based on how age friendly they are. South Dakota has a state sales tax of 4.50%. Of particular interest is that South Dakota does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. South Dakota has an effective property tax rate of 1.32%. Weighing these taxes and other taxes most likely to impact the aging population is how South Dakota earned its state tax grade of A.

Learn more about taxes in South Dakota

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