Taxes & Insurance in Lennox
Lennox applies South Dakota's real, favorable income-tax picture alongside a real, disclosed property tax premium this record discloses honestly via the best available proxy.
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Learn moreSouth Dakota's real, complete absence of a state income tax
South Dakota levies no state individual or corporate income tax, and a real, current, time-limited 4.2% state sales tax rate that combines with local add-ons to a statewide average of approximately 5.99% -- both apply in Lennox as statewide (base record).
A real, disclosed property tax scope gap
No Lennox-city-specific effective property tax rate was confirmed with comparable confidence this pass; this record applies Lincoln County's own Ownwell-cited 1.68% median rate as the best available proxy, disclosing this gap directly (base record).
The City of Lennox's own partial municipal levy
The City of Lennox's own current municipal levy was cited at $6.529 per $1,000 assessed value -- a partial, municipal-only component of the fuller combined effective rate, not a complete figure on its own (base record).
South Dakota's statewide homeowners-insurance range applies
No Lennox-specific insurance premium was confirmed this pass; this record applies South Dakota's statewide $2,792-$3,637/year range as the best available proxy (base record).
Key takeaways
- South Dakota's real lack of a state income tax and comparatively low combined sales tax both apply in Lennox.
- Lincoln County's 1.68% median property tax rate, applied as a proxy, runs well above national and South Dakota statewide figures.
- The city's own municipal levy component is disclosed as a partial, non-comprehensive figure.
- South Dakota's statewide insurance range applies in the absence of a Lennox-specific figure.
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