57345 Property Tax Rate

Property owners in ZIP code 57345 (Highmore, South Dakota) pay a median of $1,750/year in property taxes on homes valued at $122,000. This translates to an effective tax rate of 1.43%, which is 30% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57345 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Hyde County.

Compared to similar ZIP codes in South Dakota, 57345 has lower property taxes. ZIP codes with similar effective rates include 57385 (1.44%) and 57601 (1.44%).

In Highmore, property taxes represent approximately 2.2% of the median household income of $78,750, 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. Hyde County offers a Homestead Exemption for primary residences — file your application with the Hyde County Assessor's office to reduce your taxable assessed value. Contact the Hyde County Assessor immediately to obtain your assessment notice and confirm the appeal deadline.