57017 Property Tax Rate

Property owners in ZIP code 57017 (Colman, South Dakota) pay a median of $2,359/year in property taxes on homes valued at $260,700. This translates to an effective tax rate of 0.90%, which is 18% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57017 is approximately $197, which factors into escrow payments on mortgages. This ZIP code is located within Moody County. This is $598 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57017 has lower property taxes. ZIP codes with similar effective rates include 57755 (0.91%) and 57266 (0.91%).

In Colman, property taxes represent approximately 2.6% of the median household income of $89,643, providing context for the relative tax burden on homeowners in this area.

South Dakota reassesses property at market value upon sale with no caps on increases, so expect your tax bill to reflect current market conditions after closing. The Homestead Exemption reduces assessed value by $30,000 for primary residences — file with the Moody County Assessor's office by March 31 to claim it on your next tax bill. Contact the Moody County Assessor to confirm your exemption was recorded and to review your assessment within 30 days of receiving the tax notice.