55904 Property Tax Rate
Rochester, Minnesota · Part of Olmsted County
Effective Tax Rate
1.04%
7% above state avgMedian Annual Tax
$2,467
$206/mo escrow
Estimate Your Tax
Annual Tax
$2,467
Monthly
$206
Eff. Rate
1.04%
Buyer decision brief
What ZIP 55904 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
$206/mo
Based on median annual tax paid
State context
0.08 percentage points above the Minnesota average
Minnesota average: 0.96%
Data confidence
High confidenceThe Census margin of error is $118, about 5% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Olmsted 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 55904 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
$118 tax MOE, 5% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Olmsted County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 55904
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 $237,200, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.04%, 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 $206 per month before insurance, HOA dues, or special assessments.
Assessor verification
Olmsted County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 55904 Compares
Median Annual Property Tax
ZIP 55904
1.04%
Effective rate
Minnesota Avg
0.96%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Minnesota
Higher than 65% of ZIP codes in Minnesota(65th percentile, 849 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 55904
Property owners in ZIP code 55904 (Rochester, Minnesota) pay a median of $2,467/year in property taxes on homes valued at $237,200. This translates to an effective tax rate of 1.04%, which is 9% above the Minnesota state average of 0.96%.
The monthly property tax burden for a median-valued home in 55904 is approximately $206, which factors into escrow payments on mortgages. This ZIP code is located within Olmsted County.
Compared to similar ZIP codes in Minnesota, 55904 has higher property taxes. ZIP codes with similar effective rates include 55046 (1.04%) and 55118 (1.04%).
In Rochester, property taxes represent approximately 3.2% of the median household income of $76,434, providing context for the relative tax burden on homeowners in this area.
Minnesota's homestead classification system taxes primary residences at a lower class rate than rental or commercial property, providing immediate tax savings upon purchase. File your homestead exemption application with the Olmsted County Assessor immediately after closing to lock in the reduced assessment ratio for school and local taxes. Contact the Olmsted County Assessor's office to verify your property has been classified as homestead-eligible and confirm your tax year filing deadline.
Frequently Asked Questions
What is the property tax rate in ZIP code 55904?
How much are property taxes in Rochester, MN (55904)?
How does ZIP 55904 compare to the Minnesota average?
What is the median home value in ZIP 55904?
What county is ZIP code 55904 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$118. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 55904 is part of Olmsted County, Minnesota. View the full county profile for broader context and more data.
View Olmsted County on TaxByCounty →Explore Rochester, MN
View all 4 ZIP codes in Rochester with property tax comparisons.
View Rochester Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 55904
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
55932
Elgin, MN
0.11 percentage points lower than ZIP 55904.
Rate
0.93%
Tax
$2,693
Quality
89
55960
Oronoco, MN
0.05 percentage points lower than ZIP 55904.
Rate
0.99%
Tax
$4,344
Quality
89
55424
Minneapolis, MN
$722,600 higher median home value than ZIP 55904.
Rate
1.04%
Tax
$10,001
Quality
82
55391
Wayzata, MN
$558,400 higher median home value than ZIP 55904.
Rate
1.06%
Tax
$8,415
Quality
82
55356
Long Lake, MN
0.10 percentage points lower than ZIP 55904.
Rate
0.94%
Tax
$6,712
Quality
82
55331
Excelsior, MN
0.02 percentage points lower than ZIP 55904.
Rate
1.02%
Tax
$7,211
Quality
82
55001
Afton, MN
0.12 percentage points lower than ZIP 55904.
Rate
0.92%
Tax
$5,990
Quality
82
55439
Minneapolis, MN
$403,100 higher median home value than ZIP 55904.
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.