57782 Property Tax Rate

Property owners in ZIP code 57782 (Smithwick, South Dakota) pay a median of $1,250/year in property taxes on homes valued at $259,400. This translates to an effective tax rate of 0.48%, which is 56% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57782 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Fall River County. This is $511 less than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57782 has lower property taxes. ZIP codes with similar effective rates include 57052 (0.48%) and 57460 (0.49%).

In Smithwick, property taxes represent approximately 2.2% of the median household income of $56,667, 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.