57783 Property Tax Rate

Property owners in ZIP code 57783 (Spearfish, South Dakota) pay a median of $3,078/year in property taxes on homes valued at $332,300. This translates to an effective tax rate of 0.93%, which is 16% below the South Dakota state average of 1.10%.

The monthly property tax burden for a median-valued home in 57783 is approximately $257, which factors into escrow payments on mortgages. This ZIP code is located within Lawrence County. This is $1,317 more than the South Dakota average of $1,761/year.

Compared to similar ZIP codes in South Dakota, 57783 has lower property taxes. ZIP codes with similar effective rates include 57251 (0.93%) and 57248 (0.93%).

In Spearfish, property taxes represent approximately 4.7% of the median household income of $64,970, 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 Lawrence County Assessor about exemptions for disabled persons and veterans to potentially reduce your tax liability and confirm your next reassessment year. Submit a protest to the Lawrence County Assessor within 30 days if you believe the assessed value is inaccurate.