Lyman County, South Dakota Property Taxes
Census Bureau ACS property tax data for South Dakota. Population: 856.
The median annual property tax in Lyman County is $1,581, which is 11% lower than the South Dakota state average and 18% below the national average. The effective tax rate is 1.01% on a median home value of $156,500. Property taxes represent 2.6% of the median household income in this county.
Median Annual Tax
$1,581
-11% vs State
-18% vs US
Median Home Value
$156,500
-6% vs State
-26% vs US
Effective Tax Rate
1.01%
-7% vs State
+6% vs US
With vs Without Mortgage
With Mortgage
$2,063
$172/mo
Without Mortgage
$1,250
$104/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 | $1,581 +1.9% | 1.01% |
| 2022 | $1,552 +16.3% | 1.17% |
| 2021 | $1,334 +23.5% | 1.09% |
| 2020 | $1,080 -0.2% | 0.99% |
| 2019 | $1,082 | 1.05% |
Tax Burden
Tax-to-Income Ratio
2.6%
of median household income
Median Income
$61,169
per year
Monthly Tax
$132
per month
Other Counties in South Dakota
Lake County
Tax: $2,463/yr Rate: 1.07%
Bennett County
Tax: $1,424/yr Rate: 1.03%
Union County
Tax: $2,997/yr Rate: 1.11%
Yankton County
Tax: $2,347/yr Rate: 1.13%
Buffalo County
Tax: $843/yr Rate: 0.78%
Brule County
Tax: $1,744/yr Rate: 0.85%
Frequently Asked Questions
What is the average property tax in Lyman County, South Dakota? ▼
The median annual property tax in Lyman County is $1,581 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.01% on a median home value of $156,500.
How does Lyman County property tax compare to the national average? ▼
Property taxes in Lyman County are 18% below the national average of $1,923. The effective rate of 1.01% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lyman County? ▼
In Lyman County, homeowners with a mortgage pay a median of $2,063 in annual property taxes, while homeowners without a mortgage pay $1,250. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lyman County? ▼
Property taxes in Lyman County represent approximately 2.6% of the median household income of $61,169. 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.