57763 Property Tax Rate

Property owners in ZIP code 57763 (Oelrichs, South Dakota) pay a median of $1,378/year in property taxes on homes valued at $114,700. This translates to an effective tax rate of 1.20%, which is 9% above the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57763 is approximately $115, which factors into escrow payments on mortgages. This ZIP code is located within Fall River County. This is $383 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57763 has lower property taxes. ZIP codes with similar effective rates include 57366 (1.20%) and 57022 (1.21%).

In Oelrichs, property taxes represent approximately 1.9% of the median household income of $71,607, 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 Fall River County Assessor's office manages exemptions for disabled homeowners and veterans; reach out to determine your eligibility and file your application. File a protest with the Fall River County Assessor within 30 days of your assessment notice if the valuation seems overstated.