57701 Property Tax Rate

Property owners in ZIP code 57701 (Rapid City, South Dakota) pay a median of $2,586/year in property taxes on homes valued at $229,900. This translates to an effective tax rate of 1.12%, which is near the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57701 is approximately $216, which factors into escrow payments on mortgages. This ZIP code is located within Pennington County. This is $825 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57701 has higher property taxes. ZIP codes with similar effective rates include 57039 (1.12%) and 57522 (1.13%).

In Rapid City, property taxes represent approximately 4.9% of the median household income of $52,733, 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. The Pennington County Assessor's office manages exemptions for disabled homeowners and veterans; contact them to determine your eligibility and file your application. Lodge a protest with the Pennington County Assessor within 30 days of receiving your assessment if you believe the value is incorrect.