Lead, Lawrence County, South Dakota Property Taxes

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

Median LEAD, SD effective property tax rate: 1.43%, significantly higher than the national median of 1.02%.
Median LEAD, SD home value: $128,905
Median annual LEAD, SD tax bill: $1,909, $491 lower than the national median property tax bill of $2,400.

How are property taxes in Lawrence calculated?

Property taxes in LEAD, 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 LEAD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LEAD, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lead, Lawrence County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.43%

Estimate Property Tax Bill

$1,843

$1,711

Ownwell’s LEAD Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LEAD with just two data points. By entering your property's estimated assessed value, our calculator applies LEAD’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 Lawrence County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lead, Lawrence County, South Dakota

Local government entities are responsible for setting tax rates, which can vary significantly across different areas within South Dakota. This variation is primarily because each county annually determines its budgetary needs for public services and divides this by the total value of all taxable properties within its boundaries. This calculation determines the property tax rate. While the process involves votes and legislative measures to finalize tax rates and budgets, this is the essential annual procedure.

In LEAD, located in Lawrence County, South Dakota, the effective property tax rate is a reflection of this process. When comparing LEAD’s property tax rate to other cities within South Dakota and the national averages, it is essential to note the differences. South Dakota's median property tax rate stands at 1.43%, which is above the national median of 1.02%. This means that property owners in South Dakota, including those in LEAD, might experience higher property tax bills compared to the national median bill of $2400. Understanding these figures can help property owners in LEAD make informed decisions about their property taxes.

Property Tax Rates Across Lead, Lawrence County, South Dakota

Source: Ownwell

0.88%

1.16%

1.43%

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 Lead Tax Rate

1.43%

Median Effective Lawrence County Tax Rate

1.20%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lead, Lawrence County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57754	0.95%	1.14%	1.43%	1.66%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Lead, Lawrence County, South Dakota

When examining property taxes in LEAD, South Dakota, 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 Lawrence 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 Lawrence County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 LEAD.

For example, the median home price in LEAD is $128,905, with tax bills ranging significantly across the county. Zip code 57754 has the highest median home price at $128,905.

Property Tax Assessment Values Across Lead, Lawrence County, South Dakota

Source: Ownwell

$73,190

$168,328

$263,465

Median Lead Market Value

$128,905

Median Lawrence County Market Value

$200,320

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lead, Lawrence County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57754	$36,281	$73,910	$128,905	$291,955	$519,897

Source: Ownwell

Property Tax Bills Across Lead, Lawrence County, South Dakota

In Lead, located in Lawrence County, South Dakota, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a crucial factor in calculating the tax bill. The tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $128,905, homeowners in Lead often face tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $1,114, while at the 75th percentile, it reaches $3,999, and at the 90th percentile, it can go as high as $6,421. These figures illustrate the potential financial impact on homeowners. The median property tax bill in Lead is lower than the national median of $2,400. Homeowners looking to reduce their property tax bills can benefit from Ownwell's expertise. By identifying potential savings through appeals and exemptions, Ownwell assists homeowners in minimizing their property tax burden, ensuring they only pay what is necessary.

Property Tax Bills Across Lead, Lawrence County, South Dakota

Source: Ownwell

$886

$1,956

$3,026

Median Lead Tax Bill

$1,909

Median Lawrence County Tax Bill

$2,419

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Lead, Lawrence County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57754	$585	$1,114	$1,909	$3,999	$6,421

Source: Ownwell