55349 Property Tax Rate

Property owners in ZIP code 55349 (Howard Lake, Minnesota) pay a median of $3,128/year in property taxes on homes valued at $287,100. This translates to an effective tax rate of 1.09%, which is 14% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 55349 is approximately $261, which factors into escrow payments on mortgages. This ZIP code is located within Wright County. This is $822 more than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 55349 has higher property taxes. ZIP codes with similar effective rates include 56152 (1.09%) and 55041 (1.09%).

In Howard Lake, property taxes represent approximately 3.1% of the median household income of $100,054, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification reduces your taxable market value and applies a lower tax class rate to primary residences — register this status with the Wright County Assessor immediately upon purchase. The Homestead Credit, an income-based refund available to qualifying homeowners, is claimed on your Minnesota state income tax return and may significantly reduce your annual tax. File your homestead application with the Wright County Assessor's office within 30 days of closing.