Hayti, Hamlin County, South Dakota Property Taxes

Name: Property Tax Bills Across Hayti, Hamlin County, South Dakota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hayti, SD effective property tax rate: 1.50%, significantly higher than the national median of 1.02%.
Median Hayti, SD home value: $129,629
Median annual Hayti, SD tax bill: $2,029, $371 lower than the national median property tax bill of $2,400.

How are property taxes in Hamlin calculated?

Property taxes in Hayti, SD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hayti’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hayti, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hayti, Hamlin County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$1,944

$1,804

Ownwell’s Hayti Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hayti with just two data points. By entering your property's estimated assessed value, our calculator applies Hayti’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Hamlin County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hamlin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hayti, Hamlin County, South Dakota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hayti’s effective property tax rate to other cities in South Dakota and the median property tax rates in South Dakota and the U.S.

Property Tax Rates Across Hayti, Hamlin County, South Dakota

Source: Ownwell

0.89%

1.50%

2.11%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hayti Tax Rate

1.50%

Median Effective Hamlin County Tax Rate

1.41%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hayti, Hamlin County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57241	0.82%	0.97%	1.50%	1.76%	2.15%

Source: Ownwell

Property Tax Assessment Values Across Hayti, Hamlin County, South Dakota

When examining property taxes in Hayti, South Dakota, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hamlin County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hamlin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hayti.

For example, the median home price in Hayti is $129,629, with tax bills ranging significantly across the county. The zip code 57241 has the highest median home price at $129,629.

Property Tax Assessment Values Across Hayti, Hamlin County, South Dakota

Source: Ownwell

$107,569

$206,428

$305,287

Median Hayti Market Value

$129,629

Median Hamlin County Market Value

$143,574

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hayti, Hamlin County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57241	$25,801	$63,147	$129,629	$268,806	$470,721

Source: Ownwell

Property Tax Bills Across Hayti, Hamlin County, South Dakota

In Hayti, located in Hamlin County, South Dakota, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median property tax bill in this area is $2,029, which aligns with the highest and lowest median tax bills within the county's zip code of 57241. This figure is slightly below the national median property tax bill of $2,400, reflecting a more affordable tax burden for homeowners. Factors influencing the tax bill include the property's assessed value and the local government's budgetary needs. Homeowners in Hayti may find themselves paying a tax bill ranging from $1,224 at the 25th percentile to $4,205 at the 90th percentile, depending on their property's value and location. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay what is fair and accurate, ultimately leading to significant savings.

Property Tax Bills Across Hayti, Hamlin County, South Dakota

Source: Ownwell

$2,029

$2,643

$3,257

Median Hayti Tax Bill

$2,029

Median Hamlin County Tax Bill

$2,222

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Hayti, Hamlin County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57241	$707	$1,224	$2,029	$3,120	$4,205

Source: Ownwell