57045 Property Tax Rate

Property owners in ZIP code 57045 (Menno, South Dakota) pay a median of $1,479/year in property taxes on homes valued at $114,400. This translates to an effective tax rate of 1.29%, which is 18% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57045 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within Hutchinson County. This is $282 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57045 has higher property taxes. ZIP codes with similar effective rates include 57450 (1.29%) and 57445 (1.31%).

In Menno, property taxes represent approximately 2.0% of the median household income of $73,000, providing context for the relative tax burden on homeowners in this area.

South Dakota reassesses property at market value upon sale with no annual increase caps, so your tax liability resets to current market value when you purchase. The Homestead Exemption ($30,000 off assessed value) applies to primary residences and must be filed with the Hutchinson County Assessor by March 31 each year. File your exemption claim immediately after closing with the Hutchinson County Assessor to lock in the benefit for the next assessment year.