55604 Property Tax Rate
Grand Marais, Minnesota · Part of Cook County
Effective Tax Rate
0.78%
3.4% above state avgMedian Annual Tax
$2,384
$199/mo escrow
Estimate Your Tax
Annual Tax
$2,384
Monthly
$199
Eff. Rate
0.78%
Buyer decision brief
What ZIP 55604 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$199/mo
Based on median annual tax paid
State context
0.18 percentage points below the Minnesota average
Minnesota average: 0.96%
Data confidence
High confidenceThe Census margin of error is $222, about 9% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Cook County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 55604 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$222 tax MOE, 9% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Cook County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 55604
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $307,100, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.78%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Minnesota and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $199 per month before insurance, HOA dues, or special assessments.
Assessor verification
Cook County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 55604 Compares
Median Annual Property Tax
ZIP 55604
0.78%
Effective rate
Minnesota Avg
0.96%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Minnesota
Lower than 80% of ZIP codes in Minnesota(20th percentile, 849 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 55604
Property owners in ZIP code 55604 (Grand Marais, Minnesota) pay a median of $2,384/year in property taxes on homes valued at $307,100. This translates to an effective tax rate of 0.78%, which is 19% below the Minnesota state average of 0.96%.
The monthly property tax burden for a median-valued home in 55604 is approximately $199, which factors into escrow payments on mortgages. This ZIP code is located within Cook County.
Compared to similar ZIP codes in Minnesota, 55604 has lower property taxes. ZIP codes with similar effective rates include 55615 (0.78%) and 56569 (0.78%).
In Grand Marais, property taxes represent approximately 3.3% of the median household income of $71,458, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 55604, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Cook County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 55604?
How much are property taxes in Grand Marais, MN (55604)?
How does ZIP 55604 compare to the Minnesota average?
What is the median home value in ZIP 55604?
What county is ZIP code 55604 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$222. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 55604 is part of Cook County, Minnesota. View the full county profile for broader context and more data.
View Cook County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 55604
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
55612
Lutsen, MN
0.21 percentage points lower than ZIP 55604.
Rate
0.56%
Tax
$2,380
Quality
77
55613
Schroeder, MN
0.11 percentage points lower than ZIP 55604.
Rate
0.67%
Tax
$1,964
Quality
67
55424
Minneapolis, MN
$652,700 higher median home value than ZIP 55604.
Rate
1.04%
Tax
$10,001
Quality
82
55391
Wayzata, MN
$488,500 higher median home value than ZIP 55604.
Rate
1.06%
Tax
$8,415
Quality
82
55356
Long Lake, MN
$405,700 higher median home value than ZIP 55604.
Rate
0.94%
Tax
$6,712
Quality
82
55331
Excelsior, MN
$399,900 higher median home value than ZIP 55604.
Rate
1.02%
Tax
$7,211
Quality
82
55001
Afton, MN
$346,900 higher median home value than ZIP 55604.
Rate
0.92%
Tax
$5,990
Quality
82
55439
Minneapolis, MN
$333,200 higher median home value than ZIP 55604.
Rate
1.07%
Tax
$6,832
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.