Sioux Falls, Lincoln County, South Dakota Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.69%

Estimate Property Tax Bill

$5,063

$4,698

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

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.

Property Tax Rates Across Sioux Falls, Lincoln County, South Dakota

Source: Ownwell

0.91%

1.34%

1.76%

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

1.69%

Median Effective Lincoln County Tax Rate

1.68%

Median Effective South Dakota Tax Rate

1.45%

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	1.36%	1.37%	1.38%	1.39%	1.65%
57108	1.35%	1.38%	1.70%	1.71%	1.73%
57105	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sioux Falls, Lincoln County, South Dakota

When examining property taxes in Sioux Falls, 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 Lincoln 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 Lincoln 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 Sioux Falls. For example, the median home price in Sioux Falls is $299,587, with tax bills ranging significantly across the county. Zip code 57108 has the highest median home price at $327,626.

Property Tax Assessment Values Across Sioux Falls, Lincoln County, South Dakota

Source: Ownwell

$72,486

$200,056

$327,626

Median Sioux Falls Market Value

$299,587

Median Lincoln County Market Value

$266,035

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	$195,927	$211,530	$230,971	$255,414	$288,410
57108	$195,426	$245,488	$327,626	$449,678	$617,566
57105	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sioux Falls, Lincoln County, South Dakota

In Sioux Falls, located in Lincoln County, SD, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property location, improvements, and market trends influence the assessed value. Sioux Falls homeowners face a median property tax bill of $5,262 in the 57108 zip code, which is significantly higher than the national median of $2,400. However, there are variations within the city, with the lowest median tax bill being $3,271 in the 57106 zip code. Homeowners in the 25th percentile pay around $3,558, while those in the 90th percentile face bills as high as $9,031. These taxes can be a substantial burden on homeowners, impacting their financial planning. By partnering with Ownwell, homeowners can explore opportunities to appeal their property taxes, potentially lowering their tax bills and easing their financial obligations.

Property Tax Bills Across Sioux Falls, Lincoln County, South Dakota

Source: Ownwell

$869

$3,066

$5,262

Median Sioux Falls Tax Bill

$4,813

Median Lincoln County Tax Bill

$4,198

Median South Dakota Tax Bill

$2,732

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	$2,723	$2,960	$3,271	$3,619	$4,135
57108	$3,228	$4,007	$5,262	$7,331	$9,434
57105	N/A	N/A	N/A	N/A	N/A

Source: Ownwell