57450 Property Tax Rate

Property owners in ZIP code 57450 (Hoven, South Dakota) pay a median of $1,631/year in property taxes on homes valued at $126,900. This translates to an effective tax rate of 1.29%, which is 17% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57450 is approximately $136, which factors into escrow payments on mortgages. This ZIP code is located within Potter County.

Compared to similar ZIP codes in South Dakota, 57450 has higher property taxes. ZIP codes with similar effective rates include 57045 (1.29%) and 57220 (1.27%).

In Hoven, property taxes represent approximately 1.9% of the median household income of $84,922, 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. Potter County offers a Homestead Exemption for primary residences — file your claim with the Potter County Assessor's office to reduce your assessed value. Contact the Potter County Assessor to request your assessment notice and confirm the appeal deadline.