Free Spearfish, South Dakota seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Spearfish, South Dakota (Lawrence County). The calculator applies the local rates for you.
- Median home value
- $309,200
- Transfer tax on $310,000
- $310
- Seller costs on $310,000
- About $16,684
- Median property tax bill
- $3,132 a year
- County
- Lawrence County
- Population
- 13,803
Spearfish transfer tax
On a $310,000 sale in Spearfish, transfer taxes come to $310: Real estate transfer fee. By custom the seller pays it.
| Tax | Rate | Paid by | On $310,000 |
|---|---|---|---|
| Real estate transfer fee | $0.50 per $500 | Seller | $310 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $250 | $0 | $250 |
| $310,000 local median value | $310 | $0 | $310 |
| $500,000 | $500 | $0 | $500 |
| $1,000,000 | $1,000 | $0 | $1,000 |
Example Spearfish seller net sheet
A $310,000 sale, close to Spearfish's median home value of $309,200, with a 5% commission and a $185,000 mortgage payoff. Seller costs come to about $16,684, or 5.4% of the price.
| Line | Seller |
|---|---|
| Sale price | $310,000 |
| First mortgage payoff | −$185,000 |
| Real estate commission (5%) | −$15,500 |
| Real estate transfer fee | −$310 |
| Owner's title insurance policy | −$553.75 |
| Settlement / closing fee | −$250 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$40 |
| Estimated net before property tax prorations | $108,316.25 |
Who pays what in Spearfish
Spearfish closings follow Lawrence County customs. In Lawrence County, the buyer and seller customarily split the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by a title company.
Property taxes in Spearfish
The median property tax bill for homeowners in Spearfish is $3,132 a year, about 1.01% of the median home value of $309,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Taxes are paid the following year (halves Apr 30 / Oct 31); seller credits buyer for prior-year unpaid taxes plus Jan 1 through closing.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Spearfish seller questions
How much is the transfer tax in Spearfish, South Dakota?
On a $310,000 sale in Spearfish, transfer taxes come to $310: Real estate transfer fee. By custom the seller pays it.
How much are seller closing costs in Spearfish?
On a $310,000 sale, close to the median home value in Spearfish, with a 5% commission, estimated seller costs are about $16,684 (5.4% of the price). Without commission they are about $1,184. The loan payoff and property tax proration change the final number.
What county is Spearfish in, and does it matter at closing?
Spearfish is in Lawrence County, South Dakota. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Lawrence County, the buyer and seller customarily split the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Spearfish?
The median property tax bill for homeowners in Spearfish is $3,132 a year, about 1.01% of the median home value of $309,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Taxes are paid the following year (halves Apr 30 / Oct 31); seller credits buyer for prior-year unpaid taxes plus Jan 1 through closing.
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