Watertown, SD — income, home value, property tax, and sales tax.
In ZIP 57245, near Watertown, homes carry a median value of $157,200 while the county's effective property tax rate sits at 0.97%. That combination yields a yearly property tax bill well below what many parts of the country see. Households here earn a median of $86,250, and per-capita income reaches $42,293, giving buyers real breathing room against housing costs. A 6.20% combined sales tax applies to purchases. The gap between local earnings and home prices shapes a market where owning a home takes a smaller share of income than the national picture often shows.
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