56178 Property Tax Rate

Property owners in ZIP code 56178 (Tyler, Minnesota) pay a median of $1,506/year in property taxes on homes valued at $163,400. This translates to an effective tax rate of 0.92%, which is 4% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56178 is approximately $126, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $800 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56178 has higher property taxes. ZIP codes with similar effective rates include 56368 (0.92%) and 56356 (0.92%).

In Tyler, property taxes represent approximately 1.8% of the median household income of $81,667, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification system taxes primary residences at a lower assessment rate than rental or commercial property, providing immediate tax savings at purchase. File your homestead application with the Lincoln County Assessor's office by December 31 of the year following your purchase to lock in homestead classification. Contact the Lincoln County Assessor immediately after closing to begin the homestead application process and confirm your eligibility.