57568 Property Tax Rate

Property owners in ZIP code 57568 (Presho, South Dakota) pay a median of $1,111/year in property taxes on homes valued at $162,900. This translates to an effective tax rate of 0.68%, which is 38% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57568 is approximately $93, which factors into escrow payments on mortgages. This ZIP code is located within Lyman County. This is $650 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57568 has lower property taxes. ZIP codes with similar effective rates include 57375 (0.68%) and 57258 (0.69%).

In Presho, property taxes represent approximately 1.7% of the median household income of $64,813, 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. Lyman County offers a Homestead Exemption for primary residences — contact the Lyman County Assessor's office to apply and learn the exemption amount. Request your assessment notice promptly from the Lyman County Assessor to confirm the valuation and appeal deadline.