57473 Property Tax Rate

Property owners in ZIP code 57473 (Seneca, South Dakota) pay a median of $907/year in property taxes on homes valued at $158,300. This translates to an effective tax rate of 0.57%, which is 48% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57473 is approximately $76, which factors into escrow payments on mortgages. This ZIP code is located within Faulk County. This is $854 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57473 has higher property taxes. ZIP codes with similar effective rates include 57341 (0.57%) and 57572 (0.57%).

In Seneca, property taxes represent approximately 3.8% of the median household income of $23,924, 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. Faulk County offers a Homestead Exemption for primary residences — file your application with the Faulk County Assessor's office to reduce your taxable value. Request your assessment notice from the Faulk County Assessor and note the typical 30-day appeal period.