57341 Property Tax Rate

Property owners in ZIP code 57341 (Gann Valley, South Dakota) pay a median of $1,222/year in property taxes on homes valued at $214,300. This translates to an effective tax rate of 0.57%, which is 48% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57341 is approximately $102, which factors into escrow payments on mortgages. This ZIP code is located within Buffalo County. This is $539 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57341 has higher property taxes. ZIP codes with similar effective rates include 57572 (0.57%) and 57473 (0.57%).

In Gann Valley, property taxes represent approximately 1.2% of the median household income of $101,563, providing context for the relative tax burden on homeowners in this area.

South Dakota does not reassess property at sale; your property maintains its prior assessed value unless improvements are made or the county conducts a scheduled reassessment. Buffalo County offers a Homestead Exemption for primary residences — contact the Buffalo County Assessor's office to apply and confirm the exemption amount available. Request your assessment notice from the Buffalo County Assessor and note the appeal deadline, usually 30 days from mailing.