57386 Property Tax Rate

Property owners in ZIP code 57386 (Yale, South Dakota) pay a median of $1,273/year in property taxes on homes valued at $131,300. This translates to an effective tax rate of 0.97%, which is 12% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57386 is approximately $106, which factors into escrow payments on mortgages. This ZIP code is located within Beadle County. This is $488 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57386 has lower property taxes. ZIP codes with similar effective rates include 57231 (0.97%) and 57373 (0.97%).

In Yale, property taxes represent approximately 1.7% of the median household income of $74,598, 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.