South Dakota · FIPS 46079 · ACS 2020–2024
Lake County, South Dakota property tax rate
Homeowners in Lake County paid a median of $2,546 a year in real estate taxes on a median home value of $247,600 (2020–2024 survey). Taxes came to 0.93% of home value, 7% below the South Dakota rate of 1.00% and 1% below the U.S. rate of 0.94%.
- 0.93%Effective tax rate±0.11% margin · South Dakota: 1.00%
- $2,546Median tax per yearSouth Dakota: $2,724 · U.S.: $3,119
- $247,600Median home valueSouth Dakota: $257,400
- 3,482Owner-occupied homes74% of households own
| Measure | Lake County | South Dakota | U.S. | Lake County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 0.93% | 1.00% | 0.94% | 0.97% | −0.04 pts |
| Median tax, all owners | $2,546 | $2,724 | $3,119 | $2,463 | +$83 (+3.4%) |
| Median tax, with a mortgage | $2,654 | $2,955 | $3,489 | $2,683 | −$29 (-1.1%) |
| Median tax, no mortgage | $2,383 | $2,390 | $2,576 | $2,215 | +$168 (+7.6%) |
| Median home value | $247,600 | $257,400 | $332,700 | $231,000 | +$16,600 (+7.2%) |
| Total taxes paid | $9,723,600 | $761,479,200 | $360,573,527,500 | $9,167,500 |
How Lake County compares
- Per $1,000 of home value, owners here paid about $9.29 a year, against $9.97 statewide and $9.40 nationally.
- Rank in South Dakota: 20 of 44 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 64% of 2,682 counties had a lower rate.
- Homes with a mortgage: 0.92% of value; homes without one: 0.94%. Median bills: $2,654 and $2,383.
- Compared with the 2019–2023 survey, the effective rate fell (−0.04 pts) and the median tax changed +$83 (+3.4%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 0.93% ± 0.11% at 90% confidence, from a sample of the 3,482 owner-occupied homes.
South Dakota counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Meade County | 0.91% | $3,129 | $310,900 |
| Hutchinson County | 0.91% | $1,867 | $163,000 |
| Grant County | 0.92% | $1,557 | $171,000 |
| McCook County | 0.92% | $2,444 | $230,100 |
| Kingsbury County | 0.93% | $1,704 | $169,500 |
| Codington County | 0.96% | $2,308 | $237,700 |
| Charles Mix County | 0.97% | $1,878 | $170,600 |
| Aurora County | 0.97% | $1,574 | $151,900 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.