57472 Property Tax Rate

Property owners in ZIP code 57472 (Selby, South Dakota) pay a median of $1,436/year in property taxes on homes valued at $118,900. This translates to an effective tax rate of 1.21%, which is 10% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57472 is approximately $120, which factors into escrow payments on mortgages. This ZIP code is located within Walworth County. This is $325 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57472 has higher property taxes. ZIP codes with similar effective rates include 57024 (1.21%) and 57631 (1.21%).

In Selby, property taxes represent approximately 2.4% of the median household income of $61,094, 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. Walworth County offers a Homestead Exemption for primary residences — apply through the Walworth County Assessor's office to claim the exemption. Request your assessment notice from the Walworth County Assessor and note the typical 30-day appeal deadline.