Spearfish, Lawrence County, South Dakota Property Taxes

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

Median Spearfish, SD effective property tax rate: 1.17%, significantly higher than the national median of 1.02%.

Median Spearfish, SD home value: $262,695

Median annual Spearfish, SD tax bill: $3,019, $619 higher than the national median property tax bill of $2,400.

How are property taxes in Lawrence calculated?

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

Last Updated March 1, 2025

Spearfish, Lawrence County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$3,074

$2,852

Ownwell’s Spearfish Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spearfish with just two data points.

By entering your property's estimated assessed value, our calculator applies Spearfish’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 Spearfish, Lawrence County, South Dakota

Local government entities in South Dakota set tax rates, which can vary widely within the state. Each year, counties like Lawrence estimate their required budget to provide essential services and divide that by the total value of all taxable property within their 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 Spearfish’s effective property tax rate to other cities in South Dakota and the median property tax rates in South Dakota and the U.S.

In Spearfish, located in Lawrence County, the effective property tax rate stands at 1.17%, which is above the national median of 1.02%. This places Spearfish at the higher end of the spectrum for property tax rates within the state. The median property tax bill in Spearfish is also higher than the national median bill of $2,400. Understanding these differences can help homeowners in Spearfish make informed decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Spearfish, 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 Spearfish Tax Rate

1.17%

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 Spearfish, Lawrence County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57783	0.95%	1.05%	1.17%	1.31%	1.48%
57754	N/A	N/A	N/A	N/A	N/A
57759	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Spearfish, 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 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 Spearfish.

For example, the median home price in Spearfish is $262,695, with tax bills ranging significantly across the county. Zip code 57783 has the highest median home price at $263,465.

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

Source: Ownwell

$73,190

$168,328

$263,465

Median Spearfish Market Value

$262,695

Median Lawrence County Market Value

$200,320

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57783	$38,500	$133,042	$263,465	$384,508	$544,207
57754	N/A	N/A	N/A	N/A	N/A
57759	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Spearfish, Lawrence County, South Dakota

In Spearfish, located in Lawrence County, SD, property tax bills are calculated based on the assessed value of a home. The assessment considers factors such as the property's size, location, and market value. With a median home price of $262,695, homeowners in Spearfish can expect property tax bills that vary significantly. The 25th percentile tax bill is $1,684, while the 75th percentile reaches $4,367, and the 90th percentile can be as high as $5,962. Notably, the median tax bill in the area is $3,026, which is above the national median of $2,400. This higher tax burden can impact homeowners' budgets, making it essential to explore potential savings. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying discrepancies, Ownwell helps homeowners reduce their tax liabilities. This service can lead to substantial savings, ensuring that homeowners in Spearfish are not overpaying on their property taxes.

Property Tax Bills Across Spearfish, Lawrence County, South Dakota

Source: Ownwell

$886

$1,956

$3,026

Median Spearfish Tax Bill

$3,019

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 Spearfish, Lawrence County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57783	$577	$1,705	$3,026	$4,373	$5,964
57754	N/A	N/A	N/A	N/A	N/A
57759	N/A	N/A	N/A	N/A	N/A

Source: Ownwell