Mc Laughlin, Corson County, South Dakota Property Taxes

Name: Property Tax Bills Across Mc Laughlin, Corson County, South Dakota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median McLaughlin, SD effective property tax rate: 1.50%, significantly higher than the national median of 1.02%. Median McLaughlin, SD home value: $28,640. Median annual McLaughlin, SD tax bill: $569, $1,831 lower than the national median property tax bill of $2,400.

How are property taxes in Corson calculated?

Property taxes in McLaughlin, SD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding McLaughlin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McLaughlin, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mc Laughlin, Corson County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$430

$399

Ownwell’s MC LAUGHLIN Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MC LAUGHLIN with just two data points. By entering your property's estimated assessed value, our calculator applies MC LAUGHLIN’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Corson. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mc Laughlin, Corson County, South Dakota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare MC LAUGHLIN’s effective property tax rate to other cities in SD and the median property tax rates in SD and the U.S. MC LAUGHLIN, located in Corson County, is subject to a median property tax rate of 1.50%. This rate is higher than the national median property tax rate of 1.02%. Property owners in MC LAUGHLIN face a more substantial tax burden compared to the national average. However, this rate is reflective of the county’s budgetary needs and the overall value of taxable property. Understanding these dynamics can help property owners in MC LAUGHLIN make informed decisions about their tax liabilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Mc Laughlin, Corson County, South Dakota

Source: Ownwell

0.34%

0.92%

1.50%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mc Laughlin Tax Rate

1.50%

Median Effective Corson County Tax Rate

0.93%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mc Laughlin, Corson County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57642	0.32%	0.80%	1.50%	1.79%	2.35%

Source: Ownwell

Property Tax Assessment Values Across Mc Laughlin, Corson County, South Dakota

When examining property taxes in Mc Laughlin, SD, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Corson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Corson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mc Laughlin. For example, the median home price in Mc Laughlin is $28,640, with tax bills ranging significantly across the county. 57642 has the highest median home price at $28,640.

Property Tax Assessment Values Across Mc Laughlin, Corson County, South Dakota

Source: Ownwell

$28,640

$112,187

$195,733

Median Mc Laughlin Market Value

$28,640

Median Corson County Market Value

$35,728

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mc Laughlin, Corson County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57642	$5,653	$10,977	$28,640	$62,926	$257,431

Source: Ownwell

Property Tax Bills Across Mc Laughlin, Corson County, South Dakota

Property tax bills in Mc Laughlin, located in Corson County, South Dakota, are determined by assessing the property's market value and applying the local tax rate. Homeowners in Mc Laughlin face a median property tax bill of $569, which is significantly lower than the national median property tax bill of $2400. This discrepancy highlights the relatively low property tax burden in the area. Factors such as the property's assessed value and the local tax rate play crucial roles in determining the final tax bill. For homeowners, this means that understanding these components can lead to potential savings. Ownwell offers valuable assistance in this regard by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, ensuring they pay only their fair share. This service is particularly beneficial for those in Mc Laughlin, where even a small reduction can lead to noticeable savings, given the already low median tax bill.

Property Tax Bills Across Mc Laughlin, Corson County, South Dakota

Source: Ownwell

$294

$644

$993

Median Mc Laughlin Tax Bill

$569

Median Corson County Tax Bill

$577

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Laughlin, Corson County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57642	$172	$314	$569	$868	$1,260

Source: Ownwell