57456 Property Tax Rate

Property owners in ZIP code 57456 (Leola, South Dakota) pay a median of $1,694/year in property taxes on homes valued at $72,100. This translates to an effective tax rate of 2.35%, which is 114% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57456 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within McPherson County.

Compared to similar ZIP codes in South Dakota, 57456 has higher property taxes. ZIP codes with similar effective rates include 57257 (2.05%) and 57424 (2.02%).

In Leola, property taxes represent approximately 2.2% of the median household income of $76,667, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 57456, 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 McPherson County's tax assessor directly.