56044 Property Tax Rate

Property owners in ZIP code 56044 (Henderson, Minnesota) pay a median of $2,909/year in property taxes on homes valued at $281,800. This translates to an effective tax rate of 1.03%, which is 8% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56044 is approximately $242, which factors into escrow payments on mortgages. This ZIP code is located within Sibley County. This is $603 more than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56044 has lower property taxes. ZIP codes with similar effective rates include 56742 (1.03%) and 55797 (1.03%).

In Henderson, property taxes represent approximately 3.1% of the median household income of $92,917, 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 this status with the Sibley County Assessor before your first tax bill. The Homestead Credit, an income-based refund program for qualifying homeowners, is claimed on your Minnesota state income tax return and reduces your annual liability. File your homestead designation with the Sibley County Assessor's office within 30 days of closing.