Sioux Falls, Lincoln County, South Dakota Property Taxes
Median Sioux Falls, SD effective property tax rate: 1.69%, significantly higher than the national median of 1.02%.
Median Sioux Falls, SD home value: $299,587
Median annual Sioux Falls, SD tax bill: $4,813, $2,413 higher than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Sioux Falls, 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 Sioux Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sioux Falls, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sioux Falls, Lincoln County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.55%
Estimate Property Tax Bill
$5,642
$5,236
Property Tax Rates Across Sioux Falls, Lincoln County, South Dakota
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their budget requirements for providing services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process followed annually.
In Sioux Falls, located in Lincoln County, the effective property tax rate is influenced by this process. When comparing Sioux Falls to other cities within South Dakota, it's evident that tax rates can differ, reflecting the diverse needs and budgets of each locality. The median property tax rate in South Dakota offers a unique contrast to the national median, showcasing regional differences in taxation. Understanding these variations is crucial for property owners looking to manage their tax liabilities effectively. By staying informed about local tax rates and how they compare to state and national medians, homeowners can better navigate their financial obligations.
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 Sioux Falls Tax Rate
1.55%
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 Lincoln County Tax Rate
1.54%
Median Effective South Dakota Tax Rate
1.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sioux Falls, Lincoln County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57106 | 1.25% | 1.25% | 1.26% | 1.28% | 1.56% |
| 57108 | 1.24% | 1.27% | 1.55% | 1.57% | 1.58% |
| 57105 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Sioux Falls, Lincoln County, South Dakota
Property Tax Assessment Values Across Sioux Falls, Lincoln County, South Dakota
Source: Ownwell
$94,995
$252,868
$410,741
Median Sioux Falls Market Value
$364,006
Median Lincoln County Market Value
$330,121
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sioux Falls, Lincoln County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57106 | $233,509 | $254,475 | $277,958 | $306,440 | $349,889 |
| 57108 | $241,225 | $299,944 | $396,783 | $545,177 | $763,251 |
| 57105 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Sioux Falls, Lincoln County, South Dakota
Property Tax Bills Across Sioux Falls, Lincoln County, South Dakota
Source: Ownwell
$1,010
$3,431
$5,851
Median Sioux Falls Tax Bill
$5,375
Median Lincoln County Tax Bill
$4,738
Median South Dakota Tax Bill
$2,904
Median United States Tax Bill
$2,400
Property Tax Bills Across Sioux Falls, Lincoln County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57106 | $2,960 | $3,279 | $3,601 | $4,025 | $4,645 |
| 57108 | $3,619 | $4,525 | $5,851 | $8,011 | $10,464 |
| 57105 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 20 |
Links | |
|---|---|
| Lincoln Tax Assessor | |
| Website | www.lincolncountysd.gov |