Lemmon, Corson County, South Dakota Property Taxes
Median Lemmon, SD effective property tax rate: 0.56%, significantly lower than the national median of 1.02%.
Median Lemmon, SD home value: $47,859
Median annual Lemmon, SD tax bill: $294, $2,106 lower than the national median property tax bill of $2,400.
How are property taxes in Corson calculated?
Property taxes in Lemmon, 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 Lemmon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lemmon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lemmon, Corson County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$268
$249
Property Tax Rates Across Lemmon, Corson County, South Dakota
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget they need to provide essential services. This budget is then divided by the total value of all taxable property in the area, resulting in the property tax rate. Although the process involves votes and legislation, this is essentially how tax rates are determined annually.
In Lemmon, located in Corson County, the effective property tax rate stands at 0.56%. This rate is notably lower than the national median property tax rate of 1.02%. Comparing Lemmon's rate to other cities in South Dakota, it remains consistent, as both the highest and lowest median tax rates in the state are also 0.56%. While Lemmon's property tax rate is more favorable than the national average, it is essential for property owners to stay informed and consider appealing their property tax assessments if they believe they are overvalued. Understanding these dynamics can help property owners manage their expenses effectively.
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 Lemmon Tax Rate
0.56%
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 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 Lemmon, Corson County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57638 | 0.30% | 0.38% | 0.56% | 0.83% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Lemmon, Corson County, South Dakota
When examining property taxes in Lemmon, 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 Corson County Assessor's Office 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 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 Lemmon. For example, the median home price in Lemmon is $47,859, with tax bills ranging significantly across the county. Zip code 57638 has the highest median home price at $47,859.
Property Tax Assessment Values Across Lemmon, Corson County, South Dakota
Source: Ownwell
$28,640
$112,187
$195,733
Median Lemmon Market Value
$47,859
Median Corson County Market Value
$35,728
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lemmon, Corson County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57638 | $7,864 | $13,132 | $47,859 | $171,543 | $281,600 |
Source: Ownwell
Property Tax Bills Across Lemmon, Corson County, South Dakota
Median Lemmon Tax Bill
$294
Median Corson County Tax Bill
$577
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Lemmon, Corson County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57638 | $127 | $127 | $294 | $830 | $1,495 |
Source: Ownwell