County property tax calculator
Property Tax Calculator for Lawrence County
Lawrence County taxes property at 0.859%, below the 1.07% national average. On the county's median home value of $310,800, that works out to $2,670 per year, or $222 per month in escrow — a lighter monthly load than most of the country. Counties with rates in this range often lean on sales tax, state transfers, or other revenue sources to fund services, which keeps the property tax burden lower for homeowners. For buyers who plan to hold long-term, the cumulative savings versus a high-tax market can be substantial. Escrow will still fluctuate with assessments, but the baseline rate gives a predictable starting point. The lower effective rate here also means escrow adjustments have a smaller absolute impact on monthly payments when property assessments change year over year. Buyers who plan to hold the home for a decade or more often find this matters more than the initial purchase price gap against higher-tax neighbors, especially once equity builds and the tax line becomes a smaller percentage of total carrying cost. Lawrence County sits above the South Dakota state median, placing it in the premium tier for the region. A median home value of $310,800 reflects demand for the area's access to jobs, schools, or lifestyle. Buyers here face a market where list prices move quickly and competition can push offers above asking. Financing still works within conventional loan limits in most cases, but buyers should model the full monthly cost — principal, interest, tax, insurance, and any HOA — before committing. The premium pricing means less room for surprises in the budget. Long-term ownership here tends to reward buyers who plan conservatively and hold through market cycles.
Property Tax Details
National average is 1.07%
Used to project future tax burden
Annual Property Tax
$0
Insights
Property Tax Landscape in Lawrence County
Lawrence County stands out within South Dakota with a 0.859% effective rate — well below the state average of 1.2%. The gap saves roughly $1,060 per year on a median-priced home, a substantial amount when compounded over the life of a mortgage. Counties in this tier often fund services through alternative revenue: sales tax, state transfers, tourism, or commercial tax base. For buyers who plan to hold long-term, the cumulative savings versus higher-tax counties in South Dakota can run into the tens of thousands. Escrow will still adjust with assessments, but the baseline rate offers a structurally lower carrying cost. Within South Dakota, Lawrence County ranks as the 12th lowest of 66 counties by effective property tax rate.
Lawrence County sits above the South Dakota state median, placing it in the premium tier for the region. A median home value of $310,800 reflects demand for the area's access to jobs, schools, or lifestyle. Buyers here face a market where list prices move quickly and competition can push offers above asking. Financing still works within conventional loan limits in most cases, but buyers should model the full monthly cost — principal, interest, tax, insurance, and any HOA — before committing. The premium pricing means less room for surprises in the budget. Long-term ownership here tends to reward buyers who plan conservatively and hold through market cycles. Median household income in Lawrence County runs below the South Dakota state average at $66,766. Buyers here often rely on FHA, USDA, or state down-payment assistance programs to make the numbers work. The price-to-income ratio of 4.7x is workable but requires planning. Households at the median can typically qualify for conventional or FHA financing at current rates. Median gross rent runs $923 per month, giving renters a baseline to compare against ownership costs in the same market.
Property Tax Scenarios — Lawrence County
For a market where median homes run above the state average, tax scales linearly with home value. The five scenarios below map the range from entry-level pricing to premium listings, showing annual tax, monthly escrow, and ten-year totals at the county's effective rate.
| Home Value | Annual Tax | Monthly Escrow | 10-Year Total |
|---|---|---|---|
| $155,000 | $1,331 | $111 | $13,315 |
| $235,000 | $2,019 | $168 | $20,187 |
| $310,000 | $2,663 | $222 | $26,629 |
| $465,000 | $3,994 | $333 | $39,944 |
| $620,000 | $5,326 | $444 | $53,258 |
Frequently asked questions
Buyers in low-tax jurisdictions often have specific questions about long-term savings, escrow mechanics, and comparisons with other counties in the state. The answers below use Lawrence County's own data.
What is the property tax rate in Lawrence County?
Lawrence County has an effective property tax rate of 0.859%, below the national average (national average: 1.07%). On a median home of $310,800, that's about $2,670 per year, or $222 monthly through escrow.
How much are property taxes on a home in Lawrence County?
At the county median of $310,800, annual property taxes run roughly $2,670, collected through mortgage escrow at about $222 per month.
How does Lawrence County compare to South Dakota?
Lawrence County's 0.859% rate is substantially below South Dakota's statewide average of 1.2%. The difference equals about $1,060 per year on a median home.
What is the median income in Lawrence County?
Median household income in Lawrence County is $66,766 (Census ACS 2023). Median gross rent runs $923 per month.
Are property taxes deductible in Lawrence County?
Yes, property taxes are deductible on federal returns when you itemize, subject to the SALT cap ($10,000 for most filers). Lawrence County homeowners paying $2,670 annually may benefit if their combined state and local tax burden exceeds the standard deduction.
How are property taxes calculated in Lawrence County?
The county assessor multiplies your home's assessed value by the local tax rate. On a $310,800 home at the county's effective rate of 0.859%, the annual bill is approximately $2,670.
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Disclaimer: This calculator and the content on this page are for educational purposes only. They do not constitute financial, legal, or tax advice. Rates, loan limits, and eligibility criteria vary by lender, location, and borrower profile. Always consult a licensed financial professional before making borrowing decisions. CalcPier is independent and not affiliated with any lender listed on this page.
