57314 Property Tax Rate

Property owners in ZIP code 57314 (Artesian, South Dakota) pay a median of $1,393/year in property taxes on homes valued at $119,000. This translates to an effective tax rate of 1.17%, which is 6% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57314 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Sanborn County. This is $368 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57314 has higher property taxes. ZIP codes with similar effective rates include 57255 (1.17%) and 57246 (1.17%).

In Artesian, property taxes represent approximately 2.0% of the median household income of $68,125, providing context for the relative tax burden on homeowners in this area.

South Dakota applies full market-value reassessment at sale without annual caps, so expect your property taxes to increase to reflect the purchase price and current conditions. Sanborn County offers a Homestead Exemption ($30,000 reduction in assessed value for owner-occupied homes) — file with the Sanborn County Assessor by March 31 each year. Submit your exemption application to the Sanborn County Assessor as soon as closing completes to ensure it applies to your next tax bill.