57744 Property Tax Rate

Property owners in ZIP code 57744 (Hermosa, South Dakota) pay a median of $2,906/year in property taxes on homes valued at $350,800. This translates to an effective tax rate of 0.83%, which is 25% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57744 is approximately $242, which factors into escrow payments on mortgages. This ZIP code is located within Custer County. This is $1,145 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57744 has lower property taxes. ZIP codes with similar effective rates include 57754 (0.83%) and 57420 (0.84%).

In Hermosa, property taxes represent approximately 2.6% of the median household income of $110,673, 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 Custer County Assessor administers exemptions for disabled homeowners and veterans; contact the office to verify your eligibility and submit your application. Lodge a protest with the Custer County Assessor within 30 days of receiving your assessment notice if the valuation does not match comparable sales.