57440 Property Tax Rate

Property owners in ZIP code 57440 (Frankfort, South Dakota) pay a median of $994/year in property taxes on homes valued at $103,800. This translates to an effective tax rate of 0.96%, which is 13% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57440 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Spink County. This is $767 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57440 has lower property taxes. ZIP codes with similar effective rates include 57058 (0.96%) and 57276 (0.96%).

In Frankfort, property taxes represent approximately 1.6% of the median household income of $61,563, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 57440, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Spink County's tax assessor directly.