57567 Property Tax Rate

Property owners in ZIP code 57567 (Philip, South Dakota) pay a median of $1,208/year in property taxes on homes valued at $181,900. This translates to an effective tax rate of 0.66%, which is 40% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57567 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Haakon County. This is $553 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57567 has lower property taxes. ZIP codes with similar effective rates include 57375 (0.68%) and 57636 (0.65%).

In Philip, property taxes represent approximately 2.2% of the median household income of $55,542, 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.