57755 Property Tax Rate

Property owners in ZIP code 57755 (Ludlow, South Dakota) pay a median of $1,412/year in property taxes on homes valued at $155,900. This translates to an effective tax rate of 0.91%, which is 18% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57755 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Harding County. This is $349 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57755 has lower property taxes. ZIP codes with similar effective rates include 57266 (0.91%) and 57660 (0.91%).

In Ludlow, property taxes represent approximately 2.1% of the median household income of $66,000, 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 Harding County Assessor about exemptions for disabled persons and veterans to reduce your tax bill and confirm your next reassessment date. File a protest with the Harding County Assessor within 30 days of your assessment notice if the valuation does not align with comparable properties.