57363 Property Tax Rate

Property owners in ZIP code 57363 (Mount Vernon, South Dakota) pay a median of $2,200/year in property taxes on homes valued at $207,000. This translates to an effective tax rate of 1.06%, which is 3% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57363 is approximately $183, which factors into escrow payments on mortgages. This ZIP code is located within Davison County. This is $439 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57363 has lower property taxes. ZIP codes with similar effective rates include 57015 (1.06%) and 57261 (1.06%).

In Mount Vernon, property taxes represent approximately 3.0% of the median household income of $72,750, providing context for the relative tax burden on homeowners in this area.

South Dakota applies full market-value reassessment at the point of sale with no statewide caps on subsequent increases, so your tax bill will reset to reflect purchase price and current conditions. Davison County offers a Homestead Exemption ($30,000 reduction in assessed value for owner-occupied homes) — file with the Davison County Assessor by March 31. File your exemption claim with the Davison County Assessor immediately after closing to ensure the benefit applies to your next tax bill.