55945 Property Tax Rate

Property owners in ZIP code 55945 (Kellogg, Minnesota) pay a median of $2,359/year in property taxes on homes valued at $220,800. This translates to an effective tax rate of 1.07%, which is 12% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 55945 is approximately $197, which factors into escrow payments on mortgages. This ZIP code is located within Wabasha County.

Compared to similar ZIP codes in Minnesota, 55945 has lower property taxes. ZIP codes with similar effective rates include 55977 (1.07%) and 55386 (1.07%).

In Kellogg, property taxes represent approximately 3.1% of the median household income of $77,143, 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 — establish this status with the Wabasha County Assessor before your first tax bill. The Homestead Credit, an income-based refund program for qualifying households, is claimed on your Minnesota state income tax return and reduces your annual tax liability. Contact the Wabasha County Assessor within 30 days of purchase to file your homestead application and verify your assessed value.