57278 Property Tax Rate

Property owners in ZIP code 57278 (Willow Lake, South Dakota) pay a median of $1,441/year in property taxes on homes valued at $202,700. This translates to an effective tax rate of 0.71%, which is 35% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57278 is approximately $120, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $320 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57278 has higher property taxes. ZIP codes with similar effective rates include 57048 (0.71%) and 57523 (0.71%).

In Willow Lake, property taxes represent approximately 2.2% of the median household income of $65,938, providing context for the relative tax burden on homeowners in this area.

South Dakota applies full market-value reassessment at sale with no annual caps, meaning your property taxes will reset to reflect the purchase price and current market conditions. The Homestead Exemption ($30,000 off assessed value) is available for owner-occupied primary residences — file with the Clark County Assessor by March 31. Submit your exemption claim to the Clark County Assessor within 30 days of closing to maximize your tax benefit.