57384 Property Tax Rate

Property owners in ZIP code 57384 (Wolsey, South Dakota) pay a median of $1,400/year in property taxes on homes valued at $162,000. This translates to an effective tax rate of 0.86%, which is 21% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57384 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Beadle County. This is $361 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57384 has lower property taxes. ZIP codes with similar effective rates include 57004 (0.86%) and 57075 (0.87%).

In Wolsey, property taxes represent approximately 2.2% of the median household income of $62,670, providing context for the relative tax burden on homeowners in this area.

South Dakota conducts full market-value reassessment at sale with no statewide annual increase caps, so expect your property taxes to adjust to current market conditions. Beadle County offers a Homestead Exemption ($30,000 reduction in assessed value for owner-occupied primary residences) — file with the Beadle County Assessor by March 31 each year. Contact the Beadle County Assessor immediately after purchase to file your exemption application and verify your assessed value.