55764 Property Tax Rate

Property owners in ZIP code 55764 (Marble, Minnesota) pay a median of $589/year in property taxes on homes valued at $101,500. This translates to an effective tax rate of 0.58%, which is 39% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 55764 is approximately $49, which factors into escrow payments on mortgages. This ZIP code is located within Itasca County. This is $1,717 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 55764 has lower property taxes. ZIP codes with similar effective rates include 56227 (0.58%) and 56759 (0.57%).

In Marble, property taxes represent approximately 0.9% of the median household income of $63,417, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 55764, 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 Itasca County's tax assessor directly.