57523 Property Tax Rate

Property owners in ZIP code 57523 (Burke, South Dakota) pay a median of $1,458/year in property taxes on homes valued at $206,500. This translates to an effective tax rate of 0.71%, which is 36% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57523 is approximately $122, which factors into escrow payments on mortgages. This ZIP code is located within Gregory County. This is $303 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57523 has lower property taxes. ZIP codes with similar effective rates include 57370 (0.71%) and 57278 (0.71%).

In Burke, property taxes represent approximately 2.7% of the median household income of $53,750, providing context for the relative tax burden on homeowners in this area.

South Dakota reassesses property at market value upon purchase with no statewide annual increase limits, meaning your tax bill will reflect full market conditions. Gregory County allows a Homestead Exemption ($30,000 reduction in assessed value for primary residences) — apply with the Gregory County Assessor by March 31 to claim it. Contact the Gregory County Assessor immediately after closing to file your exemption and confirm your assessed value.