57553 Property Tax Rate

Property owners in ZIP code 57553 (Milesville, South Dakota) pay a median of $2,233/year in property taxes on homes valued at $166,700. This translates to an effective tax rate of 1.34%, which is 22% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57553 is approximately $186, which factors into escrow payments on mortgages. This ZIP code is located within Haakon County. This is $472 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57553 has lower property taxes. ZIP codes with similar effective rates include 57657 (1.34%) and 57381 (1.34%).

In Milesville, property taxes represent approximately 1.6% of the median household income of $141,544, providing context for the relative tax burden on homeowners in this area.

South Dakota does not cap property tax increases or reassess at sale — your assessment can rise annually based on county revaluation cycles, typically every four years. Contact the Haakon County Assessor's office to inquire about exemptions for disabled persons or veterans and confirm your property's next reassessment year. File a protest with the Haakon County Assessor within 30 days of receiving your assessment notice if the valuation appears inflated.