57761 Property Tax Rate

Property owners in ZIP code 57761 (New Underwood, South Dakota) pay a median of $2,300/year in property taxes on homes valued at $263,800. This translates to an effective tax rate of 0.87%, which is 21% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57761 is approximately $192, which factors into escrow payments on mortgages. This ZIP code is located within Meade County. This is $539 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57761 has higher property taxes. ZIP codes with similar effective rates include 57340 (0.87%) and 57075 (0.87%).

In New Underwood, property taxes represent approximately 2.3% of the median household income of $101,042, 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 Meade County Assessor to inquire about exemptions for disabled persons and veterans and confirm when your property will be revalued. File a protest with the Meade County Assessor within 30 days if you dispute the assessed value.