56172 Property Tax Rate
Slayton, Minnesota · Part of Murray County
Effective Tax Rate
0.85%
30.4% below state avgMedian Annual Tax
$1,605
$134/mo escrow
Estimate Your Tax
Annual Tax
$1,605
Monthly
$134
Eff. Rate
0.85%
Buyer decision brief
What ZIP 56172 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
$134/mo
Based on median annual tax paid
State context
0.11 percentage points below the Minnesota average
Minnesota average: 0.96%
Data confidence
High confidenceThe Census margin of error is $107, about 7% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Murray 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 56172 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
$107 tax MOE, 7% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Murray County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 56172
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 $189,900, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.85%, 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 $134 per month before insurance, HOA dues, or special assessments.
Assessor verification
Murray County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 56172 Compares
Median Annual Property Tax
ZIP 56172
0.85%
Effective rate
Minnesota Avg
0.96%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Minnesota
Lower than 71% of ZIP codes in Minnesota(29th percentile, 849 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 56172
Property owners in ZIP code 56172 (Slayton, Minnesota) pay a median of $1,605/year in property taxes on homes valued at $189,900. This translates to an effective tax rate of 0.85%, which is 12% below the Minnesota state average of 0.96%.
The monthly property tax burden for a median-valued home in 56172 is approximately $134, which factors into escrow payments on mortgages. This ZIP code is located within Murray County. This is $701 less than the Minnesota average of $2,306/year.
Compared to similar ZIP codes in Minnesota, 56172 has higher property taxes. ZIP codes with similar effective rates include 56758 (0.85%) and 55756 (0.84%).
In Slayton, property taxes represent approximately 2.0% of the median household income of $79,583, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 56172, 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 Murray County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 56172?
How much are property taxes in Slayton, MN (56172)?
How does ZIP 56172 compare to the Minnesota average?
What is the median home value in ZIP 56172?
What county is ZIP code 56172 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$107. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 56172 is part of Murray County, Minnesota. View the full county profile for broader context and more data.
View Murray County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 56172
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
56151
Lake Wilson, MN
0.46 percentage points lower than ZIP 56172.
Rate
0.38%
Tax
$591
Quality
82
56114
Avoca, MN
0.34 percentage points lower than ZIP 56172.
Rate
0.50%
Tax
$871
Quality
67
56122
Chandler, MN
0.22 percentage points lower than ZIP 56172.
Rate
0.62%
Tax
$1,018
Quality
77
56141
Iona, MN
0.12 percentage points lower than ZIP 56172.
Rate
0.73%
Tax
$797
Quality
71
55424
Minneapolis, MN
$769,900 higher median home value than ZIP 56172.
Rate
1.04%
Tax
$10,001
Quality
82
55391
Wayzata, MN
$605,700 higher median home value than ZIP 56172.
Rate
1.06%
Tax
$8,415
Quality
82
55356
Long Lake, MN
$522,900 higher median home value than ZIP 56172.
Rate
0.94%
Tax
$6,712
Quality
82
55331
Excelsior, MN
$517,100 higher median home value than ZIP 56172.
Rate
1.02%
Tax
$7,211
Quality
82
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.