Parker, Turner County, South Dakota Property Taxes

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

Median Parker, SD effective property tax rate: 1.10%, slightly higher than the national median of 1.02%.
Median Parker, SD home value: $227,427
Median annual Parker, SD tax bill: $2,490, $90 higher than the national median property tax bill of $2,400.

How are property taxes in Turner County calculated?

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

Last Updated March 1, 2025

Parker, Turner County, South Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$2,502

$2,322

Ownwell’s Parker Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Parker with just two data points. By entering your property's estimated assessed value, our calculator applies Parker’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 46125. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Parker, Turner 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 Parker’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 Parker, Turner County, South Dakota

Source: Ownwell

1.06%

1.49%

1.92%

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 Parker Tax Rate

1.10%

Median Effective Turner County Tax Rate

1.17%

Median Effective South Dakota Tax Rate

1.45%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Parker, Turner County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
57053	0.95%	1.03%	1.10%	1.10%	1.37%

Source: Ownwell

Property Tax Assessment Values Across Parker, Turner County, South Dakota

When examining property taxes in Parker, 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 Turner County appraisal district 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 Turner 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 Parker. For example, the median home price in Parker is $227,427, with tax bills ranging significantly across the county. Zip code 57053 has the highest median home price at $227,427.

Property Tax Assessment Values Across Parker, Turner County, South Dakota

Source: Ownwell

$31,801

$239,118

$446,434

Median Parker Market Value

$227,427

Median Turner County Market Value

$180,896

Median United States Market Value

$235,294

Property Tax Assessment Values Across Parker, Turner County, South Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
57053	$62,031	$123,908	$227,427	$361,871	$504,705

Source: Ownwell

Property Tax Bills Across Parker, Turner County, South Dakota

In Parker, Turner County, SD, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as location, home size, and market conditions impact the assessed value. For example, homes in Parker have a median home price of $227,427. Homeowners in Parker face a range of tax bills, with the 25th percentile at $1,438 and the 75th percentile reaching $3,863. Notably, the 90th percentile tax bill can go as high as $5,197. Compared to the national median property tax bill of $2,400, Parker's tax bills can be higher, especially for homes in the upper percentiles. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax burdens, ensuring they only pay their fair share, potentially saving them significant amounts annually.

Property Tax Bills Across Parker, Turner County, South Dakota

Source: Ownwell

$557

$2,593

$4,629

Median Parker Tax Bill

$2,490

Median Turner County Tax Bill

$2,289

Median South Dakota Tax Bill

$2,732

Median United States Tax Bill

$2,400

Property Tax Bills Across Parker, Turner County, South Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
57053	$792	$1,438	$2,490	$3,863	$5,197

Source: Ownwell