Black Hawk, Meade County, South Dakota Property Taxes
Median Black Hawk, SD effective property tax rate: 1.00%, slightly lower than the national median of 1.02%.
Median Black Hawk, SD home value: $238,424
Median annual Black Hawk, SD tax bill: $2,461, $61 higher than the national median property tax bill of $2,400.
How are property taxes in Meade calculated?
Property taxes in Black Hawk, 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 Black Hawk’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Black Hawk, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Black Hawk, Meade County, South Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$2,384
$2,213
Property Tax Rates Across Black Hawk, Meade County, South Dakota
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this process essentially occurs every year.
In Black Hawk, located in Meade County, South Dakota, the effective property tax rate is a key consideration for homeowners. Compared to other cities within the state, Black Hawk's rate reflects the county's budgetary needs and property values. The median property tax rate in South Dakota is slightly below the national median, offering residents a relatively lower tax burden compared to other parts of the country. While the national median property tax rate stands at 1.02%, South Dakota's median rate provides a competitive edge for property owners in the state. This context is crucial for homeowners seeking to understand their tax obligations and explore potential savings through property tax appeals and exemptions.
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 Black Hawk Tax Rate
1.00%
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 Meade County Tax Rate
1.10%
Median Effective South Dakota Tax Rate
1.45%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Black Hawk, Meade County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57718 | 0.87% | 0.94% | 1.00% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Black Hawk, Meade County, South Dakota
When examining property taxes in Black Hawk, 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 Meade 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 Meade 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 Black Hawk. For example, the median home price in Black Hawk is $238,424, with tax bills ranging significantly across the county. Zip code 57718 has the highest median home price at $238,424.
Property Tax Assessment Values Across Black Hawk, Meade County, South Dakota
Source: Ownwell
$73,709
$255,278
$436,847
Median Black Hawk Market Value
$238,424
Median Meade County Market Value
$257,121
Median United States Market Value
$235,294
Property Tax Assessment Values Across Black Hawk, Meade County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57718 | $32,003 | $176,357 | $238,424 | $309,690 | $453,865 |
Source: Ownwell
Property Tax Bills Across Black Hawk, Meade County, South Dakota
In Black Hawk, located in Meade County, SD, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this value to determine the annual tax bill. Homeowners in Black Hawk face a median tax bill of $2,461, which is slightly above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For instance, tax bills in the area range from the 25th percentile at $2,021 to the 90th percentile at $4,729, showing the variability due to these factors.
Navigating property taxes can be complex, but Ownwell offers valuable assistance. By conducting a thorough analysis of your property assessment, Ownwell identifies discrepancies and potential areas for appeal. Their expertise in local tax regulations can lead to significant savings, ensuring homeowners only pay what is fair. With Ownwell’s support, homeowners in Black Hawk can effectively manage and potentially reduce their property tax liabilities.
Median Black Hawk Tax Bill
$2,461
Median Meade County Tax Bill
$2,959
Median South Dakota Tax Bill
$2,732
Median United States Tax Bill
$2,400
Property Tax Bills Across Black Hawk, Meade County, South Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 57718 | $1,315 | $2,021 | $2,461 | $3,332 | $4,729 |
Source: Ownwell