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Lake Preston Sales Tax Rates for 2024
Lake Preston in South Dakota has a tax rate of 6.5% for 2024, this includes the South Dakota Sales Tax Rate of 4% and Local Sales Tax Rates in Lake Preston totaling 2.5%. You can find more tax rates and allowances for Lake Preston and South Dakota in the 2024 South Dakota Tax Tables.
How Does Sales Tax in Lake Preston compare to the rest of South Dakota?
South Dakota has 119 seperate areas each with their own Sales Tax rates with the lowest Sales Tax rate in South Dakota being 4.5% and the highest Sales Tax rate in South Dakota at 6.5%.
How is Sales Tax Calculated in Lake Preston, South Dakota
Sales Tax in Lake Preston, South Dakota is calculated using the following formula:
Where:
- s = South Dakota State Sales Tax Rate (4%)
- c = County Sales Tax Rate
- l = Local Sales Tax Rate
- sr = Special Sales Tax Rate
You can calculate Sales Tax manually using the formula or use the Lake Preston Sales Tax Calculator or compare Sales Tax between different locations within South Dakota using the South Dakota State Sales Tax Comparison Calculator.