57231 Property Tax Rate

Property owners in ZIP code 57231 (De Smet, South Dakota) pay a median of $1,686/year in property taxes on homes valued at $173,600. This translates to an effective tax rate of 0.97%, which is 12% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57231 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Kingsbury County.

Compared to similar ZIP codes in South Dakota, 57231 has higher property taxes. ZIP codes with similar effective rates include 57386 (0.97%) and 57461 (0.98%).

In De Smet, property taxes represent approximately 2.4% of the median household income of $69,375, providing context for the relative tax burden on homeowners in this area.

South Dakota reassesses all property at market value without annual caps, so your assessment will reflect the full purchase price after closing. File for the Homestead Exemption ($30,000 reduction in assessed value) with the Kingsbury County Assessor by March 31 if this is your primary residence. Contact the Kingsbury County Assessor immediately after purchase to ensure your exemption application is processed for the next tax year.