55756 Property Tax Rate

Property owners in ZIP code 55756 (Kerrick, Minnesota) pay a median of $1,788/year in property taxes on homes valued at $211,700. This translates to an effective tax rate of 0.84%, which is 12% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 55756 is approximately $149, which factors into escrow payments on mortgages. This ZIP code is located within Pine County. This is $518 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 55756 has lower property taxes. ZIP codes with similar effective rates include 56758 (0.85%) and 56172 (0.85%).

In Kerrick, property taxes represent approximately 2.7% of the median household income of $65,625, 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 with the Pine County Assessor upon purchase to lock in this benefit. The Homestead Credit, an income-based refund available to qualifying homeowners, is claimed on your Minnesota state income tax return and may offset a significant portion of your annual tax. File your homestead designation with the Pine County Assessor's office immediately after closing.