Lake County, South Dakota Property Taxes
Census Bureau ACS property tax data for South Dakota. Population: 3,309.
The median annual property tax in Lake County is $2,463, which is 38% higher than the South Dakota state average and 28% above the national average. The effective tax rate is 1.07% on a median home value of $231,000. Property taxes represent 3.3% of the median household income in this county.
Median Annual Tax
$2,463
+38% vs State
+28% vs US
Median Home Value
$231,000
+38% vs State
+9% vs US
Effective Tax Rate
1.07%
-2% vs State
+13% vs US
With vs Without Mortgage
With Mortgage
$2,683
$224/mo
Without Mortgage
$2,215
$185/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $2,463 +5.6% | 1.07% |
| 2022 | $2,333 +14.1% | 1.19% |
| 2021 | $2,044 -0.8% | 1.18% |
| 2020 | $2,060 +7.7% | 1.21% |
| 2019 | $1,912 | 1.14% |
Tax Burden
Tax-to-Income Ratio
3.3%
of median household income
Median Income
$73,792
per year
Monthly Tax
$205
per month
Other Counties in South Dakota
Sully County
Tax: $1,697/yr Rate: 0.85%
Butte County
Tax: $2,197/yr Rate: 1.06%
Dewey County
Tax: $1,009/yr Rate: 1.34%
McPherson County
Tax: $1,218/yr Rate: 1.55%
Hutchinson County
Tax: $1,793/yr Rate: 1.12%
Haakon County
Tax: $1,297/yr Rate: 0.85%
Frequently Asked Questions
What is the average property tax in Lake County, South Dakota? ▼
The median annual property tax in Lake County is $2,463 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.07% on a median home value of $231,000.
How does Lake County property tax compare to the national average? ▼
Property taxes in Lake County are 28% above the national average of $1,923. The effective rate of 1.07% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lake County? ▼
In Lake County, homeowners with a mortgage pay a median of $2,683 in annual property taxes, while homeowners without a mortgage pay $2,215. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lake County? ▼
Property taxes in Lake County represent approximately 3.3% of the median household income of $73,792. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.