Lake County Property Taxes
Effective Tax Rate
0.00%
37.5% above state avgMedian Annual Tax
$0
$212/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.03%
At a Glance
Median Home Value
$247,600
State avg $181,021
Tax w/ Mortgage/yr
$2,654
$221/mo escrow
Tax w/o Mortgage/yr
$2,383
$199/mo
State Tax Rate Rank
#35
of 66 counties (1 = lowest)
Similar tax rates
Homeowner context
What this means for a Lake County homeowner
Use these county medians as a planning baseline. Your actual bill depends on assessed value, exemptions, millage, and local taxing districts.
Tax pressure
1.03%
0.01 percentage points above the state average
Typical bill
$2,546
$694 above the state median
State position
#35
Ranked from lowest to highest effective rate across 66 South Dakota counties.
Data Story
About Property Taxes in Lake County, South Dakota
Lake County meets national tax average
Lake County's effective rate of 1.066% sits just below the national median of 1.28%, placing it around the 45th percentile nationally. The median annual tax of $2,463 on $231,000 homes nearly matches the national median of $2,690, reflecting Lake's higher property values.
Slightly below state average
At 1.066%, Lake County's rate undercuts South Dakota's average of 1.094% by 3%, ranking it in the lower-middle tier statewide. The median tax bill of $2,463 is 38% higher than the state median of $1,785, driven by higher home values.
Higher values, comparable rates
Lake County's $231,000 median home value substantially exceeds most neighbors like Jerauld ($127,000) and Jones ($117,100), but its 1.066% rate remains moderate. Lawrence County to the north ($310,800 median) has lower rates at 0.859% despite pricier homes.
Higher home values mean $2,463 annually
A typical $231,000 home in Lake County generates approximately $2,463 in annual property tax at the 1.066% rate. With a mortgage, the bill rises to roughly $2,683.
Higher values make appeals worthwhile
At Lake County's higher home prices, even a small percentage reduction from an assessment appeal translates to meaningful annual savings. Review your assessed value against comparable recent sales in your neighborhood.
How Lake County Compares
Median Annual Property Tax
Lake County
1.03%
Effective rate
South Dakota Avg
1.02%
Effective rate
National Avg
0.88%
Effective rate
Frequently Asked Questions
What is the property tax rate in Lake County, South Dakota?
How much are property taxes in Lake County?
How does Lake County compare to the South Dakota average?
What is the median home value in Lake County, South Dakota?
Why is Lake County property tax rate higher than the South Dakota average?
How does Lake County rank for property taxes in South Dakota?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in South Dakota
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.
Estimates are informational only and are not tax, legal, financial, or assessment appeal advice. Verify parcel-specific amounts with the county assessor or tax collector.