57559 Property Tax Rate

Property owners in ZIP code 57559 (Murdo, South Dakota) pay a median of $1,522/year in property taxes on homes valued at $123,600. This translates to an effective tax rate of 1.23%, which is 12% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57559 is approximately $127, which factors into escrow payments on mortgages. This ZIP code is located within Jones County. This is $239 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57559 has higher property taxes. ZIP codes with similar effective rates include 57332 (1.23%) and 57035 (1.23%).

In Murdo, property taxes represent approximately 2.2% of the median household income of $68,295, 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. Jones County offers a Homestead Exemption for primary residences — file your claim with the Jones County Assessor's office to reduce your assessed value. Request your assessment notice from the Jones County Assessor and verify the 30-day appeal deadline.