55795 Property Tax Rate

Property owners in ZIP code 55795 (Willow River, Minnesota) pay a median of $1,877/year in property taxes on homes valued at $223,900. 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 55795 is approximately $156, which factors into escrow payments on mortgages. This ZIP code is located within Pine County. This is $429 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 55795 has higher property taxes. ZIP codes with similar effective rates include 55758 (0.84%) and 55968 (0.84%).

In Willow River, property taxes represent approximately 2.7% of the median household income of $69,485, 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.